Finances of South Africa.

Waimate Daily Advertiser, Volume III, Issue 164, 18 June 1901, Page 3

Finances of South Africa.

London, June 44.

The report of Sir Miller Barbour, the eminent financial authority who was last year appointed by the British Government to report upon the financial condition and resources of the annexed States, which was presented on, March 29th, states that if his proposals for the taxation of the mines and the State.s claims against the mines were enforced, and the stamp, Customs, license and exercise laws were enforced, the Transvaal would in two years after the declaration of peace be able to devote a portion of its ordiary revenue to the cost of the war. The gradual sales hereafter of mining rights would be a valuable asset. The Transvaal wealth and growth of revenue would be dependant almost entirely upon the gold mines, the production of which would undoubtedly continue for some years to largely increase. Sir D. Barbour estimates the normal revenue of the Transvaal at £3,900,000 and the expenditure at £2,500,000, but there must be added £225.000 to the expenditure, this being the interest on a loan of five millions to compensate for the lossjS in Natal and Cape Colony, and the repair of the devastation caused in the Transvaal by the war. The deficit of the first year would be £860,000.