INTERCOLONIAL.

Nelson Evening Mail, Volume XV, Issue 210, 27 October 1880, Page 2

INTERCOLONIAL.

Melbourne, Tuesday. The betting on Mata, Progress, and Lord Burleigh for the Cup is 8 to 1. Sailed: Union Company's atfainer Albion yesteroay, aad Rotorua to-duy for New Zealand. Wednesday. Arrived— Arawata, from the Bluff. Mr Berry introduced his budget into the Assembly last night. It showed that the revenue for the past financial year amounted to JE4,G73,000, being £654,000 below the estimate. The expenditure for the year was £5,063,000. The actual deficit at the cloae of the year was £390,000 exclusive of £200,000 due on the railway liquidation account. The revenue shows the greatest decrease in the Ciißtoms, and in the land and public and postal service. Mr Berry estimates the revenue for the current financial year at £4,910,000 and the expenditure at £5,130,000. He proposes new taxes on grain and maize of sixpence to one shilling per cental, yielding ;£18,000; on

oils sixpence per gallon, yielding £10,500; on beer twopence per gallon, yielding £60,000 j on imported tobacco two shillings to three shillings per pound, yielding £18,000; and on colonial tobacco a tax of one shilling per pound, yielding £15,000. These new taxes, including the revenue from land sales, are expected to realise £156,000. Sydney, Tuesday. 1 Arrived — Union Company's steamer Wakatipu from Wellington. 1 The suspension of Mr Stepton, tJnder Secretary for Lands, has terminated, and he ! has been removed to a slightly inferior position. '■ Advices have been received from Levuka ■ dated October Oth iv which it is atated that '■ the Gunga had not arrived, being four days i overdue. It ie, however, conjectured that her machinery has broken down.