Capetown, May 30.
The Government of the Union of South Africa proposes by taxation to take an additional $6,000,000 a [year from the i, this presenting roughly one-third ut the extra profits accruing to the mines fas a result of South Afri abandoning the gold standard. announcement was made by Mr. Havenga, Finance Minister, in his Budget statement to-day.
But by adding additional incom tax and other benefits to the State, Mr. Havenga anticipated that about half the premium, namely 8,000, 000, would be diverted to the Sta! coffers. The Minister estimated revenue for the financial year 1933- }34 at £28,292,000 and expenditure at 434,000,000. 'The "'short-fall, cluding' an accumulated deficit, was thus $7,686,000. Tne Government's proposals would result in additional taxation of $7,915,000 and a further sum of $1,900,009 would he secured by transference from the foun Sole Agente:
Text read from the printed page and cleaned; old type leaves the occasional error.