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Hokitika Guardian, 22 November 1929, Page 5

Tlie Commonwealth Government are pi.qpa.ring a Bill for the,control of ti e gold reserves in the 'Commonwealth, which will enable thg; Government to regulate the gold shipments, as is now done in England. The/'position here now is that anyone- who wishes to do so can ship gold, which is thought to be undesirable.; HUMAN SKELETON FOUND. CReceived this day at noon.) MELBOURNE; November 22. The police discovered a human skeleton in a bag in the tunnel of a disused coal mine at C’arumburraf -.fTlte find was made following a message: received by the police from a man. -stating the remains; of a woman’s bo ly would be found in the tunnel, Fail directions werp given and tlm. informant stated the woman’s body, had been taken there two years ago, . • ;/ '

COMMERCIAL

MELBOURNE, November 22,

Wheat is os 2jd, Hour £])jLJ§s, £l3, pollard £8 ss, bran £7 15s, ops 4sTd, barley (English) 4s, maize 5s Bd. -

FEDERAL BUDGET.

(Received this dav at 11 a.m.7 ' CANBERRA, Nov. 22. The Federal Treasurer (Mr Theodore) i 'unexpectedly pnesented the Budget and Estimates of the new Government in the House of Representatives.

He declared the late Treasurer had grossly miscalculated the commitments and also prqbably. the revenue. Increased expenditure, 1 for which inadequate provision was made, totalled £807,340. Government /proposed to raise a further ’£885,000 by an increase in the income tax. The existing will be, increased? and imposition of a super-tax as follows: On taxable of individuals receiving £2Ol to £1509, 10 per cent; £lsOl to £3OOO, 15 per cent; £3COI upwards, 20 per cent.

The revised estimate was 431 millions or half a .million less than the Budget estimates.

The Government does not intend to levj’ a five per cent tax on the gross receipts .from . entertainments, 'yijThe excise duty on petrol' will be increased a penny a gallon. The duty will be increased on leather and rubber goods, motor cars, cotton and wool yarn. The recent inorense o)f threepence per gallon in beer excise be reduced to a penny,

The total revenue is estimated. at £64,589,000 nncl the expenditure};! at £64,574,442, leaving an estimated surplus of £14,588.. ■ } }’•