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STATE DEFICIT

Heavy Increase ;

DESPITE TAXATION

RECEIPTS '

SYDNEY, Thursday.

TImi Now .'South Wales..deficit for

tho eleven months, of the financial yeiu'. amounts to £8,897,241, 'ah' -increase compared with a similar period last yearof ;t:2,'2Rl,3!)S.' -.'?'

During the month of May 'the tleficlt Increased by £1,107,821 nt a, time, when, in previous years, inconiei tax collections almost Invariably' Unproved the position of the State's'flnanopsv

Tho; revenue- i'or Ute eleven months amounted to £35,0(13,294 niut ex-

penditure to-£'13,950,533, showing 'a decrease of £ ti,304,083 compared with a similar period of tho'previous yent1' and an ' expenditure;, decrease , .«of £4,0(3,335. Raliway ^revenue do'creuscd during the period by i'.SMd,'ioZ' arid expenditure' ¦Ii.v.,.'.£2ifi'i8jy77,'-'

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