COMMONWEALTH FINANCES
(Press Association.—Copyright.)
(Rec. 12.5 p.m.) „ ? * MELBOURNE, This.-JDay.' In the House of Representatives the Treasurer said t'hat the revenue from, all sources was estimated at £127,836,291, against £91,952,632 in 1915*16. The (total war expenditure is estimated at £85,299,500. In arriving at this it is estimated that the average strength of', the forces during 19J6-17 will "be 287,132, and' the cost of maintaining an average of 50,000 m in Australia £11,882,500. War pensions the previous year cost and the estimate for the current "year" is £1,000,000. Military expenditure last year was £83,949,104, -and this year's estimate' is £73,670,616. The estimated 1 public, debt on June 30, 1917, as' £175;587;000, ofwhioli the -war .debt embraces £141,789,479.
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Bibliographic details
Nelson Evening Mail, 28 September 1916, Page 5
Word Count
115COMMONWEALTH FINANCES Nelson Evening Mail, 28 September 1916, Page 5
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