The Archive · 1933

Favourable Budget in N. 8

We in N, S. W, ave very, encouraged with the Budget speech of the State Premier and Treasurer, Mr. B.S. B. Stevens. We are promised reductions in general income, tax, unemployment relief tax, railway fares and other concessions, Further, a scheme whereby 50,000 men will be provided with work is claimed with considerable satisfac. tion, The financial, industrial and the State for the eft Fiitation of the State, that it re-Stored faith in the capacity, of the Government to. govern, and brought the financial affairs of the State once rain within. manageable bounds. Although there was no app Stimulus. from improvement. ternal conditions, "there. was al round evidence of improvement industrial conditions in' 1932-98, after two years of rapid decline.

The most striking evidence of recovery occurred in the sphere of in-Yestment which had. suffered most cline in recent years. There warm appreciation, throughout the country, of the courageous, and broad-visioned proposals, and the hhudget is accepted as evidence of the fact that this Slate is exceedingly fortunate in ite present Government, hoped and. believed. that. the Federal Government will show similar recognition of the urgent necessity to reduce taxation,

Text read from the printed page and cleaned; old type leaves the occasional error.

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