QUEENSLAND'S FINANCES.
Brisiuxf, August 28. llie estimated revenue for the current year is £3,8»1,6n0, and the exr.cnditure £3,B3B,<KX> The Treasurer, in his Budget, referred to the improved e.-indition of the pastoral and other industries and the rush for land settlement. The position in Queensland was never more eaco rragin,!! and : he only cause for serious uneasiness wis the financial results of the federation system. Federal finance was bad, and if permitted ti remain unchanged would ultimately destroy the financial stability of the State, which had paid a heavier price for federation than any 0 her. The State's acceptsnee of Sir J ihn Forrest's proposal to take over Hie management of its debts, and leave e ich Stale responsible for the paymei.t 0 f interest thereon, would, withoU perpetuation of the Braldon section, be fina-teial suicide on the part of the States, ai}d even with perpetuation of the Braddon section there would be no remedy for the financial insecurity that now obtained. The revenue was stated at £3,5a3,0<)0 or £2liU»ot> above the estimate. For the year ending there would be a surplus of tUX.'HH
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Taranaki Daily News, Volume XLVII, Issue 81835, 30 August 1906, Page 3
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183QUEENSLAND'S FINANCES. Taranaki Daily News, Volume XLVII, Issue 81835, 30 August 1906, Page 3
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