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Friday 12 June 1931
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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,'-'