AUSTRALIAN POLITICS

Taranaki Daily News, Volume LIV, Issue 114, 3 November 1911, Page 5

AUSTRALIAN POLITICS

NEW SOUTH WALES FINANCES. MR. McGOWEN'S BUDGET. By Ouble—Press Association—Copyright. Received 3, 12.40 a m. Sydney, November 2. In the Assembly, Mr. McGowen is delivering the Budget, its chief feature being the proposed new taxation, whereby lie expects to receive £'200,000 from probate and stamp duties, and £775,000 from the income tax. The total revenue for last year was £13,882,485, which is £475,224 in excess of the estimate. The expenditure was £14,470,087, or £169,000 in excess of the estimate. The year opened with a credit of £989,700, and closed with a credit of £401,405. The public debt is £9',523,!>45, the increase for the year being £2,998,830. The railways and tramways earned at the rate of £4 10s iy 2 d per cent. The surplus, after paying expenses and interest, is £601,(125. The total trade of the State was £86,000,000, an increase of £0,000,000 on the previous year. The total n""'nction was £02,812,000. The whec.! yield was 28,000,000 bushels. The estimated revenue for the current year, including the new taxation, was £ilo,840,085, and the expenditure £15,822,844.

WESTRALTAN POLICY. Perth, November 2. j Parliament has been opened. The { Governor's speech • referred to the fact that a Labor Government had been elected at a record poll. Several railways to develop agricultural resources were under consideration. Special attention would be given to bona fide land settlement. The speech foreshadowed Bills empowering the Government to make advances to people desiring to build homes, to alter the constitution of the Public Service Appeal Board to '•liable the weekly half-holiday to be determined by the electors, to reduce the salaries of Ministers and certain Parliamentary officials, and to establish a court of criminal appeal.

SCENE iIN VICTORIAN PARLIAMENT. Melbourne, November 2. In the House of Representatives an uproar "was caused "by 'ill*.- Moloney threatening to pull Mr. Kelly's nose.' Mr. Kelly replied, "Contemptibly cad!" Members kept them apart.