AUSTRALIAN POLITICS.

Taranaki Daily News, 16 October 1915, Page 3

AUSTRALIAN POLITICS.

THE QUEENSLAND BUDGET. By Cable—Press Association—Copyright. ' Brisbane, Oct. 14. In the Assembly, the Treasurer delivered the Budget. The revenue for the year was £7,202,658, which was £300,050 above the estimate. The expenditure was £7,199,390, which was £298,000 above the estimate.

The estimate o ftlie revenue for the current year was £7,213,756. and the expnditurc was £7,199,399, which was £298,000 above the estimate. The estimate of the revenue for the current year was £7,313,756, and the expenditure, including interest on public debts, £7,683,419. He referred to the severe efiects of the drought and the dislocation caused by the war. It wa s proposed to meet the Shortage by income and land taxes, which would convert the anticipated delicit to a surplus of £4500.

LABOR COUNCIL AND MR HOLMAN.

~ Sydney, Oct. 15. ~A t_ A meetin ? of tlle Labor' Council, tlio Tailors' Union moved a vote of noconfidcnvc in the Holman Government owing to its failure to introduce industrial legislation as promised. An amendment invited Mr. Holman to attend the council 'meeting to report on forthcoming legislation was carried by / 0 votes to 59.

TIIE VICTORIAN BUDGET. ( Melbourne; Oct. 15 Mr. PeacoV'k delivered the Budget, which imposed no new taxation. The revenue was £10,248,761, exceeding the estimate by £17,402; the expenditure was £11,444,231, exceeding the estimate by £212,572, leaving a deficit of £1,195,. 4/0 He estimated the expenditure including an increase of £298,(181, extra interest on debts, and £IIO,OOO loss on imported wheat. He Stated that the ate coal mine showed a. profit for the }ear of £10,040 and the shipbuilding yard a profit of £2333. The State cool store and beet sugar factory both showed small losses. *

Adelaide, Oct. 15. in the Assembly ,the Treasurer delivered the Budget. The revenue for the year was £3,973,310, which, owin« to _tho unprecedented drought, was £158,533 below the estimate. The year's expenditure amounted to £4 Gfi-? 395 leaving £470.44S defiieit after deduction ot the previous year's credit balance. c estimated revenue for the current .year was £4.700,830 and the expendishowing a surplus of

In outlining the new taxation he foreshawoded a reduction in the income tax exemption from £2OO to £IM, the Midiers exemption being £300: an increase in tlie receipt tax from Id to 2dan increase of the totalisator tax from -/2 to 5 per cent.; an increase of the unimproved land value tax by y 2 d in the

TASIIAMAN PARLIAMENT EXTENDED. Hobart, Oct. 15. Ihe Assembly agreed to the extension of the life of Parliament till March,