AUSTRALIAN.

Globe, Volume XXIV, Issue 2541, 31 May 1882, Page 3

AUSTRALIAN.

[reuter’s telegram.] MELBOURNE, May 31, Tho Treasurer’s Budget Statement, introduced in the Assembly last night, showed that the revenue for tho past financial year was £5,754,000, being £31,600 over the estimate made in September last. The expenditure amounted to £5,374,000, exclusive of £305,000 paid for redemption of Treasury bonds. The revenue for the present year is estimated at £5,610,000, including the balance at 31st March last. The expenditure is estimated at £5,574,000, leaving a surplus of £36,000 at the end of 1882-83. Tho Treasurer proposes to reduce the excise on beer by Id, and inland postage to Id; also to abolish tho tea duty. Tho total remission of duties will amount to £200,000. It is further proposed to vote £120,000 for the Defence force, and £IOO,OOO for irrigation. Tho railways, he showed, are returning 4 per cent, on a capital of £18,000,000 employed. Ho concluded by announcing that a loan of £4,000,000 will be placed on tho London market in January. An address to Irish people, signed by Messrs Longmoore, Duffy, Brophy, O’Callaghan, and Toohoy, represents Ireland as under tho hoof of foreign despotism, and urges that tho country should receive complete freedom. Mr Patterson has given notice of motion in the Assembly calling attention to the treasonable and seditious language employed by some of its membors[in the Address,