SOUTH AUSTRALIAN FINANCE.
Adklaidk, Aug. 17. The Hon L. Glyde, Colonial Treasurer, made his Financial Statement in the Legislative Assembly last night. He showed that the revenue during the past financial year amounted to £2,000,000. He estimated the revenue for the present year at £2,127,000, and the expenditure at £2,075,000, including £474,000 payable as interest on the public debt. The estimates of revenue include £550,000 from Customs, £531,000 from land, and £445,000 from railways, which are yielding per cent on the cost of construction. The public debt amounts to £11,250,000. It is proposed during the year to raise a now loan to bear interest at the rate of 3 per cent. The treasurer further proposes to abolish the duty on tea, coffee, cocoa, chocolate, cornsacks, and woolpacks ; but, on the other band, be announced that it was the intention of the Government to impose, a tax of G 1 in the £ on land and property. Mr Glydo, in concluding his speech, hinted at the probability of an International Exhibition being held in Adelaide in about five years time.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/SCANT18810818.2.9
Bibliographic details
Ngā taipitopito pukapuka
South Canterbury Times, Issue 2624, 18 August 1881, Page 2
Word count
Tapeke kupu
178SOUTH AUSTRALIAN FINANCE. South Canterbury Times, Issue 2624, 18 August 1881, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in