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Friday, January 5, 1973
However, goods vehicles, taxis, public light buses and omnibuses
are exempted from the First Registration Tax.
For the 1971-72 financial year, total revenue collected from
licence fees, Commonwealth Preference Tax, First Registration Tax
and other fees and charges amounted to about 3118 million.
For the first eight months of the current financial year (April
to November), the total revenue collected from these sources totalled
about $88.4 million. This reflects the rapid increase in all types of
vehicles.
The increase in motor vehicles has also brought about a corresponding
rise in Government expenditure on roads.
For the current financial year, non-recurrent expenditure of
the Highways Office, Public Works Department, which covers the building
of new roads, is estimated at $113 million.
This represents an increase of $28 million over the revised estimates
of the previous financial year.
Recurrent expenditure, which includes roads maintenance costs, is
estimated at $31 million, an increase of 37 million over the approved estimates
of the previous financial year.
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