SOUTH AUSTRALIAN BUDGET.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8913, 6 September 1907, Page 2

SOUTH AUSTRALIAN BUDGET.

A Prosperous Year.

Press Association.—Copyright. Adelaide, September 5, The Budget was declared to-night. The Treasurer estimates that lie will have a credit balance on Juno 30 next of £48,423. Tho estimated revenue for the financial year is £3,135,320, and the basis of calculation is a niuo-busbel harvest, against 11 bushels harvested l asfc Y ear - Prospects for the coming y ear are particularly good. The catting «P or lar S° estates for closer settlement h as prove exceedingly profitable. Railway revenue has increased £225,000 compared w itn . the previous year, and the net income is equal to 3-13 par cent of tho capita .cost. ( Government intends to reintroduce a j progressive land tax and to spou £IOO,OOO on works out of revenue; _ Tho Treasurer estimated that anting the year endmgLTune next they would have paid in redemption of loans or m constructing works out of revenue a sum of £970,000 exclusive of the surplus, which is expected at that date. A prominent feature of tho budget was tho establishment of a minimum wage of 7s a day for all manual labourers in. the employ of tho State. Tho Treasurer hoped private firms would follow this example.