NEW SOUTH WALES BUDGET.

Wairarapa Age, Volume XXXII, Issue 10135, 8 December 1910, Page 5

NEW SOUTH WALES BUDGET.

STRICT ECONOMY NECE3SSAKY. Received Yesterday, 8.40 a.m. SYDNEY, December 7. The Hon. J. McGowen's budget, delivered last night, Btales. that the year opened with a credit balance of £637,677, and closed — taking all sources into consideration-with a surplus of £'99,766. Railway earnings have a net return of £45 11a 7d percent, on the capital expended; tramway?, a return of £4 10s 6d per cent. During the year the railways and tramways carried over two hundred ani fifty-four million passengers without a pingle fatality. The Harbour Trust proposes to include largely increased berthing accommodation for vessels. It is proposed during the current year to finance the closer settlement fund by £350,000 from loans, making £693,000 available. Prac ically the whole of this will be expended in the acquisition of land, and in contingent expenses of settling the pecple. The total of advances made to settlers so far is £3,362,853, of which amount £796,7.52 still remain? to be repaid. The public debt last year was £90,307,416, and it has been reduced during the year to the ex* tent of £282,613. Cr.rrent accounts with the Government Savings Bank . amounted to 363,172, ' representing ' capital of £14,559,529. The estimated return from the Commonwealth would be £1.370,000 less than last year. It would be necessary to practise the most rigid economy to prevent the revenue falling short of the expenditure.