Sydney, Sept. 21.
The finances of New South Wales are turning the corner after a difficult period. There has been a great improvement in them since Mr. B. S. B. Stevens took over the reins of government from Mr. Long.
This improvement is reflected in the budget statement made in the Legislative Assembly, showing that the current year's expenditure of nearly £50,000,000 represented a reduction of 7,000,000 compared with the previous year.
The revenue is estimated at over £45,000,000 showing an increase of 6,000,000. The deficit is £4,350,000 as compared with £14,227,000 formerly. Mr. Stevens anticipates that the Budget will be balanced next year.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.