VICTORIAN BUDGET
SHOWS A DEFICIT. (Australian Press Association.) Y" f . MELBOURNE, September 1. V Premier Hogan in the course of his Budget, estimated the deficit in spite of the recent economies would amount to £1,636,000 at the end of the current financial year and as it was impossible ta effect i'urther economies the Government found it essential to raise additional revenue to the extent of £715,000. Thi§_ would be accomplished by the transfer of twenty per cent motor registration fees to revenue, ■*wenty-five per cent, super tax on existing income tax fees and. also ~' r higher probate and stamp duties. Mr Hogan pointed out that the deficit was caused by the heavy falling ’ / off of railway earnings, losses on soldier civilian settlement schemes and high exchange rates. LABOUR THREAT. ’** MELBOURNE, September 1. Several affiliated unions threaten to seoede from the V:ictorian Labour Party because of its acceptance of the Premiers Conference Economic Plan.
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Hokitika Guardian, 2 September 1931, Page 5
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153VICTORIAN BUDGET Hokitika Guardian, 2 September 1931, Page 5
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