38
Wednesday, February 24, 1971
AMENDMENT IN ESTIMATED 1971/72 SURPLUS
Drop From $162 Million To $157 Million
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Sir John Cowperthwaite, Financial Secretary, told the Legislative
Council at the end of his Budgot speech that the estimated surplus for the
next financial year would be amended from the figure of $162 million in the
printed Draft Estimates to $157 million.
He said this took into account the additional expenditure on education,
to which he had referred, but not to any possible variation in the defence
contribution, and the proposed changes in taxes and water charges.
Note to editors:
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Copies of the full text of the Financial Secretary's Budget speech are distributed separately in the Press boxes, Government Information Servicos, this evening.
Note to editors:
APFROPRIATION BILL 1971/72
Copies of a Gazette Extraordinary containing the Appropriation Bill 1971/72 and the full text of the Financial Secretary's Budget speech are distributed separately in the Press Boxes, Government Information Services, this evening.
Release Time: 9.30 p.4.