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Tuesday, 3 December 1935


Senator Sir GEORGE PEARCE (Western Australia) (Minister for External Affairs) [5.32].- I move-

That the bill be now read a second time.

The bill provides for the appropriation for services for the current financial year, and there is no need for me to go into details. The ordinary transactions of the Consolidated Revenue for the first, four months of the financial year were -

 

In considering this excess it must be remembered that the budget provided for remissions of taxes, and for special proposals involving increased annual expenditure, which are not reflected in the financial results for the first four months of the year. It would therefore, be misleading - I impress this upon Senator Leckie - to assume that the surplus of £1,990,000 is an indication of the result which will be obtained over twelve months. The two factors to be considered are the remissions of taxes which are now commencing to operate, and the increased expenditure which is not reflected in these figures. The expenditure for the period mentioned is less than the budget estimate, for the' further reason that the rate of expenditure during the earlier months of the financial year is usually less than that for which provision is made in the budget. The receipts of £25,277,000 for the four months represent an increase of £1,689,000 over those for the same period of last year, which were £23,588,000. The main increases are customs and excise, £977,000; sales tax, £279,000; Postal Department, £279,000.

Question resolved in the affirmative.

Bill read a second time.

In committee:

Clause 1 agreed to.

Clauses 2 and 3 postponed.

Clause 4 agreed to.

First schedule agreed to.

Second schedule.

The Parliament.

Proposed vote,£144,690.







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