QUEENSLAND'S PROSPERITY
SATISFACTORY FINANCIAL STATEMENT. By Cable.—Press Association. —Copyright Brisbane, August 18. In the lAissemMy the treasurer delivered the financial statement. Good seasons, 'he said, had continued, and the prospects of the State never looked better. The revenue realised last year was £5,119,253, and expenditure £5,.113,578. All items, except mining, exceeded the estimate. Land revenue showed an increase of £59,105, and railways an increase of £68,623. It was not anticipated that the requirements of the coming year would necessitate resort to the money market. The Federal note issue would cause a loss to Queensland! of £25,000 yearly | through rendering treasury notes valueless. Within six months of the passing of the Act, the whole of the treasury notes, amountin to £1,000,000, would have to be redeemed. Fortunately they could do this without undue pressure. The treasurer estimated the revenue (for the current year at £5,04(1,209.
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Taranaki Daily News, Volume LIII, Issue 112, 19 August 1910, Page 5
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144QUEENSLAND'S PROSPERITY Taranaki Daily News, Volume LIII, Issue 112, 19 August 1910, Page 5
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