AUSTRALIAN.
(tiT CABLE.—REUTER’S TELEGRAM?), MELBOURNE, Thursday; The Interior Finance Account hat bfeeh issued by Mr Service as Colonial Treasureh He estimates tho revenue for the current year at £5,800,000, and expenditure by vottt at £3.900,000, exclusive of additional estk mates to the amount of £434,000. The result will reduce Sir Bryan O’Loghlen’s estimated balance to £37,000. The account shows that £2,000,000 will be required to meet the deficit ncy for railway expenditure in excess of estimate. Mr Service in presenting the ac* count to the Assembly last night, stated that the revenue is coining in satisfactorily. The last loan will realise £3,920,000, whereof £1,800,000 will be required for the redemption of other loans, but only £995,000 will M available for services this year; nevertheless, the obligations amounted to £1,500,600, of which amount one million was required fet railways. Mr Service declaied that thk treasury accounts are in a singular state of confusion, and that Colony would experience the greatest difficulty in paying its way ; and he also added that he is at his wits’ end td meet engagements of the treasury.
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Poverty Bay Standard, Volume XI, Issue 1306, 7 April 1883, Page 2
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181AUSTRALIAN. Poverty Bay Standard, Volume XI, Issue 1306, 7 April 1883, Page 2
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