BUDGET POINTS

Taranaki Daily News, Volume LII, Issue 238, 13 November 1909, Page 8

BUDGET POINTS

IN A Ac "oiijiu,. . nvale and public weaiiu oi me Doincrease iu puunc ocot lasl your. xi,*t>-k,Mi'i X2,ujj ; iiiu is directly inlores (-bearing.

Cross puuiie debi is j.iU,'Jjij,Ool; aganioi mis capiui vaiue oi laud in leu Rial's inci'easeu by ii-lty'l-j-ui. For every j.l,uuU,uoO lneieasc ill pubiic hul, assets iflticu.-.,;d „j .^IOjUIIU^UU.

U'own lenauis nnuiuci 2,i,iu-i, no.a mg an area oi lo,zii-i,u&o aeics. ceitleris and woruers nave receiver aihaiices amounting iu .\.;>,61&,i-o; repayinciils lulal Xoill/JSU. Canada is agreeable, u Australia con scnis, to Auckland as a pun ui call lur Vancouver steamers.

CovtTunii'Ul is negotiating with Die Union Company re State-owned lurry service; iwu steamers ul the Maori lypi lui.essary.

Authority is oougiii, for for the Dreadnought oiler. Hreadnoiigiit to be paid for in eighteen years.

Internal defence: all young men be tween eighteen and twenty-one tu undergo two years' compulsory training at suited limes, with louilceu days in c.i.np. An active force of 2",UiW of all ranks t.i be raised, ages eighteen to thirly, '.olnntarily.

There is to be a central trainingmound in each island. Civil fccrvaiils lo the number of 1110 were all'cetcd by rctreiiclimeni. Licensing legislation is to be intro ih.ccil muddied to meet ihe wishes of Uiliuway mid pony races are to be slopped and the lonn uf betting revised. I:oider 0 of lIUII years and renewable leases are to be oilered the freehold, under conditions securing State's riglii lo share in increased values.

National endowments (uiue million !!<•!<») are tube retained as leasehold. Native lands are to be acquired conipuUorily up tu .C-illU.ddU per annum. Aggregation is to be .slopped; iW acres lirst-class laud the limit. Crown tenants to get HI per cent, rebale of rent only where settler has fon> or inure children under sixteen.

In future no selector of land is to be under the age of twenty-one.

'.'he whole method "of dealing wit'l native lands is to be revised.

Death duties provide for graduated rale rising from 2 per cent, on .CIOUU lo S per cent, on .UOUOIIU. Kutailed estates will come within tilscope of the new taxation.

If a deceased person leaves X.IOH lu a stranger in blood 8 per cent, is tu lie

five per cent, is to lie paid on.aids out CSOO.

Paul.,, are to lie taxed t„ produc .i:I-1,000 mure in iuc c tax anil .CIU,OOJ mure on the bank mile issue. '.lrailuaiod income tax is to lie increased to produce .CBO.UOO additional revenue.

L'p to ,C:J00 is exempt; starting from lis m the CI under 1100, the scale goes up to Is 2d for over .C2OIIO.

The betterment svsteni is to be ,l|ipiied lo Hi,., railways. The liailway Superannuation Fund is to be strengthened bv vote of .C 25.000C.MIOO is i„ be paid into Public Scrvic" I-mid on the police joining the fund. I'iiblie ■Service superannuation to be amended lixing maxiiuuiu amount of |v|.si„n; olliccis with Hurt v vcar.,' ser v:cc and not less than liftv'-live to have ngiil of retirement.

Increased expemlitur,. under all headaniomits to c:i::n.ot)0.

Death duties will provid,. C 150.000. '•'i'!«-ays LIOO. ineome lax r.50.0110. .'"<■ percent. „„ true value of all dullracing c-lnii receipts. CltS.OtlO. I'.auks will contribut,. rai.noo. IM hunted expenditure for eurreni year. C 0.015.578: revenue. C0.020.00i1.