FEDERAL FINANCE

Hokitika Guardian, 12 August 1932, Page 6

FEDERAL FINANCE

FIGURES FOR MONTH OF JULY. AN INCREASE IN, REVENUE. ■ * , '• ‘ • . • (Australian Press Association.) • . ,\ SYDNEY, ‘August Its Official statements issued by- tliq> Commonwealth • and State Treasuries, -indicate buoyant receipts °f revenue !for. duly. The Federal revenue ..for tfie month.- was- £6,052,00(1, being ‘£983,000 greater than the-expenditure, and £558,000 greater than the- revenue tn July , last year, which in ; turn was f£840,000 less than the expenditure for ■that‘month. There was,.-therefore, an 'improvement of £1,823,000 in the l as t month’s figures, .compared - with July, " 1931; ■ . :. /U.- \, -skiiC';

■■ State. -revenue for July was £3,083,,-; 610, £.613,965 more than in Jul.yj,v,i93l. The expenditure- . totalled £3,164,355, an ‘ increase of £254,207. , Thus the position in July this year was improved :byv£359;758, compared witlEUiF same month last year. . AUSTRALIAN STOCKS RISING ~ : > SYDNEY, AugusVllU* The Commonwealth four - per £#§»s£ 1250' bonds touched one hundred pounds on the . Stock Exchange to-day; 7 /JT|h?-'; is the. first, transaction at three-, figures, since Australia’s internal public ‘ debt was converted to the lower basis. A move in the .Commonwealth:, Joan values towards par has proceeded steadily since the political position be-came-more stable. :

Melbourne advices-also -report '•o6mnionwealth loans had traded at par and above par, marking ah impoi-tant stage in 'the recovery of investment: confidence. 1 '*;•