AUSTRALIA.
[Reuter's Agency.]
Startling Taxation Proposals
Sydney, June 1G
In the Legislative Assembly the Colonial Treasurer lias introduced his financial statement. He said that in consequence of Parliament approving of only part of the proposals of the last budget, and largely in consequence of decreased land revenue from land sales, instead of the surplus then expected, there was a deficit of £410,000. The doJicit is to be covered by an increase of taxes, as follows : —On the export of wool, greasy, ; [d ; washed and scoured, id per lb ; on hordes and cattle exported, lid per bead ; and a royalty of Gd per ton ou the output of coal. It was also intended to rc-introducc the Stamp Bill as amended and in accord with the Council. The Treasurer estimates the revenue for the remainder of the year at £3,140,000, and the expenditure at £2,800,000. Next year’s revenue he estimates at £5,230,000.
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https://paperspast.natlib.govt.nz/newspapers/SCANT18800617.2.11.2
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South Canterbury Times, Issue 2262, 17 June 1880, Page 2
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150AUSTRALIA. South Canterbury Times, Issue 2262, 17 June 1880, Page 2
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