HEAVY DEFICIT
> SHOWN IN NEW SOUTH WALES BUDGET NO ADDITIONAL TAXATION. CONCESSIONS TO PEOPLE OF SMALL INCOME. (By Telegraph—Press Association —Copyright) SYDNEY, October 16. Delivering the Budget tonight, in the New South Wales Assembly, the Treasurer, Mr Richardson, estimated that the deficit for the year would be £1,539,000. He explained that there would be no additional taxation, but remissions of taxation aggregating £500,000 would be made to persons with dependants whole salaries did not exceed £4 5s a week, and who would be exempt from the payment of wages and social services tax. Travelling concessions and other privileges being granted to men in the fighting services and in training for home defence would cost the Government in the current year about £850,000. _____________
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Wairarapa Times-Age, 17 October 1940, Page 5
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122HEAVY DEFICIT Wairarapa Times-Age, 17 October 1940, Page 5
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