Financial Difficulties
(Receive Sept. 13, 1.7 a m ) The t, S P NE Y. Sept. 12. .„;! f lVeasurer s statement for the current year will te t ho severest flnanclaHy he has j'et had to entn C ,VOUI<I evadu verting to the long period of deficiencies wP sociatcd with the finances, lhe process of administrative rcchannels of economy, and it is now necessary f or p flrliamt , nt . to „ * with legislate reforms designed to effect econom.es. It was Accessary to economise or tax. According to last year's estimate, economies saved 1163,000, and the year closed with a surplus of £187,000.
Tho estimated receipts for the coming year were £11,327,000, expenditure £11,407,000. It was hoped to save £BO,OOO by departmental: economies, and £50,000 by legislation. Loan expenditure for tho past vnar amounted to £3,»33,000, of which a million and a half was spent on public works, the balance being absorbed by renewals a „d repayments.
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Taranaki Daily News, Volume XLVII, Issue 7924, 13 September 1905, Page 2
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154Financial Difficulties Taranaki Daily News, Volume XLVII, Issue 7924, 13 September 1905, Page 2
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