AUSTRALIAN POLITICS.

Taranaki Daily News, Volume LIII, Issue 204, 7 December 1910, Page 5

AUSTRALIAN POLITICS.

NEW SOUTH WALES BUDGET. By Cable—rress Association—Copyright. Sydney, December C. Mr. McGowen will deliver the Budget to-night. Mr. Holman's Deserted Wives and Children Amending Act provides that when a husband is sent to gaol for nonpayment of maintenance orders, he will be given remunerative labor, and the money earned, after deducting the cost of keep, wall go towards satisfaction of the maintenance order. A LARGE DEFICIT EXPECTED. Received 7, 1.5 a.m. Sydney, December 0. Mr. McGowen's Budget is evidently I light. There are phenomenal increases of expenditure, and owing to the diminution expected in the Commonwealth's returns, a large deficit Avill have to be faced in the near future. A SATISFACTORY POSITION. I NEW TAXATION NEEDED. Received 7. 12.30 a.m. Sydney, December G. In the Assembly, Mr. McGoven, in delivering the Budget called attention to the fact that the Departmental Estimates were prepared before the Government 'took office, and the short time at their disposal had not allowed any change of policy or reorganisation of the finances. All they would do was to modify them to make them meet the diminished revenue for the financial year. The estimated revenue for the past year was £14,279,927, and the actual receipts £15,197,750. The expenditure was £14,230,38(1, or £130,513 in excess of the estimate. The estimated revenue for the current year was £14,393,621, and the estimated expenditure £14,300,181, leaving a, surplus of £93,440. He proposed no additional taxation at present, but during the recess would seriously consider new taxation which would be necessary to balance accounts. THE FEDERAL CAPITAL SITE. Melbourne, December 6. The Executive passed the Federal Capital Proclamation, which provides that from January 1 next the territory surrendered by New South Wales to the Commonwealth is accepted as the territory of the Commonwealth.