CO129-557-5 Estimates 1937 19-8-1936 - 7-8-1937 — Page 3

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