BUDGET POINTS.

Manawatu Herald, Volume XLVI, Issue 2763, 26 July 1924, Page 2

BUDGET POINTS.

SUMMARY OF PROPOSALS. Appended is a summary of the main proposals outlined b.v the-Fin-ance Minister in his Budget delivered to the House of’Represent afives the other night: — Consolidated Fund: Ordinary Revenue Account —Estimated gross revenue £28,857.020: less conces--•i-n- in taxation. £1.000.000: net revenue C27.8b7.fi20: estimated c\ptndiiorc C27.50b.000: available for supplementary estimates. £352,500. Estimated Customs and Excise

t'7. .450.000. Estimated stamp and death duties. £3.310.800. Estimated land and income i; x. £5. 100.000. Preferential tariff amendment to secure greater advantage to British manufacture's. ‘ Wheat and oats purchases, £L--250.000. Acceleration of public works and electric supply on developmental

tines. Increased activity, electric sup|.l\ development. Loan for public works. Commission of experts to investigate railway system. Increased telephone facilities. Further provision for school buildings. Transfer from surplus revenue to Public Works Fund. £1,000,000. Provision for Main Highways Construction Account, £500.000. Local bodies to be empowered to 1,,.n0w lor main highways. Provision for second oil-burning

cruiser. War Expenses Account to he (•'<*- scd.

Repatriation branch to be transferred tn State Advances Office. Aililitii>n:i 1 e-rant fur deficiency. Western Samoa. £O.OOO. I'ur!her capital to be provided fur State Advances Office. Housing: Continual assistanee :o be granted. Superannuation subsidies: Piu>SService £1 AO.000: railways £l7O- - teaeliers. £OB.OOO. presell! eo>t of living bonus ;o widows and ehddren of deceased superannuitants to bo made pernmn- , in. Land —ettlenient 508,(100 acres a- \ ;.liable. Land seilemout io be actively promot ed. K.elamaiion of further swamp ~i'i:i'. It nw.iiiou works to be extended.. Ke\ aiuat’.ou discharged soldiers' sede-.ietit land- to be completed. t tie! eased subsidies for hospital i'outret of credits in aid of votes •nei omt's ope: ali\ e. Improved use of sinking funds h\ Publm Pebt Repayment Pill. K'limated reduel ion in interest and sinking fund charges £L43,042. Loans falling due, 1024-25 to be pi voided for £ U .801,50 1 . dividend from Bank of Now Zealand shares increased by £50,000. Payment of salaries and wages oi public servants bi-monthly. Increased General Imprest for

Treasury. Moratorium: Legislation to meet hardship at termination. Taxation to be reduced.