PITH OF THE BUDGET.
The surplus- is £270,488. The Public* Works Fund balance is £454,059 Bs. The balance of the million loan to be received during the current, year is roughlv estimated at £IOO,OOO. The gross public debt on 'the 31A March "was £52,966,447 ; ti p net public debt was £51,837,631.
The mortgage tax is to be reduced 25 per cent., equal to £25,000. Further reductions are to. be made in railway passenger fares and freights upon wo d, ’dairy produce, poultry and attificial inaTiiires:
A Bill is to be introduced .granting eu-ier terms t > selectors on bush lands.
A propel tv near Cambridge, Waikato,' has been purchasedfoa*:a sanatorium for consumptives. ■ ' • '
Three trade repre.-entatives are to.be appoiiittd —one in South. Africa, <me in XHreat Britain and one in An.-tjalia. A loan of £1,750,000 i- | 10 *• M-d for railway construction and other pubi c works.
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Bibliographic details
Motueka Star, Volume II, Issue 96, 15 July 1902, Page 4
Word Count
144PITH OF THE BUDGET. Motueka Star, Volume II, Issue 96, 15 July 1902, Page 4
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