3
The financial position in 1937 as shown
by the draft Estimates is as follows
Revenne
تھر
Olinary 28. 5'54.250
Expenditure
Adinary 30.617.130
LandSales.
206.000
P.W.E.
1.642.030
28. 760.250
32.259.
160
Deficit.
28.760.250
3.498.910.
he dollar has been laken as :
19/22.
A deficit of $1.004.050 is now an
for 1936,
and
ticipates
a reduction (Surplus
Belances by 31.12.36 to $11.383.639.
Consequently,
on
the basis of the draft,
Surplus Balances will be for this reduced
421.12.37 to $7.884.729.
No new
faxation is in con
templation,
Except a nive
in the tax
on motor vehicles
from 30% 1540%.
It is expectes
that the Salary Levy will be reimposed,
though possible with a 20% reduction in
its
amount.
If this is done,
Implus Balances at 31.12.37
be a
little above $8,000
000.000.
will
to action need be taken on
This