Australia Budget Sees No Tax Cuts For Year
The 1958 59 budget introduces concessions totaling 12 184 000 to pensioners primary producers zone residents and oil exploration units with a current year cost of 25 652 000. A deficit of 10 million pounds is forecast with revenue 2 465 000 000 and expenditure 1 576 000 000. Sir Arthur Fadden notes the expansive approach to the economy and aims to sustain growth amid global uncertainty while maintaining migration levels at 115 000 annually.
MENTIONED IN THIS ARTICLE
Arilmr Fadden
House of Representatives
Commonwealth
Arthur Fadden
Fiat White
Auscrals
Samale
Budget Overview Vivo: 1958 59 Budget Highlights
The Budget in a Nutshell shows Sir Arthur Fadden presenting the 1958/59 measure. It details pension increases for aged invalid and widows, tax relief for pensioners, depreciation allowances for agriculture and fishing, extended zone deductions, and oil exploration incentives. It lists defence at £190 million, total expenditure £1,575,000,000, receipts £1,465,000,000, and a £110 million deficit.
MENTIONED IN THIS ARTICLE
Sir Arthur
Gurlig
Oil Quest Tax Concession Affects Australian Investors
Sir Arthur Baden outlines a tax concession on oil ventures noting one third deduction for residents and companies, with future changes to extend full deductions to shareholders. The plan could raise government revenue by about £2001 for a full year, depending on mining profits and capital invested.
MENTIONED IN THIS ARTICLE
Sones
Australi
Ila
Arthur Baden
Artnuy
Inc
Labour To Urge Inquiry Into New Guinea Shooting
Parliament debated the Navuneram clash in New Britain New Guinea with two shot dead and a third wounded during a patrol clash. Brigadier Cleland will visit Rabaul to discuss the incident as Labour presses for an inquiry and compensation questions.
MENTIONED IN THIS ARTICLE
Labour
New Guinea
Territories
Hasek
Claland
Navingram Village
New Britain
Mu. Hasluck
Sotot
Cleland
Dr. Evatt
Sro
Te Queensland
McDonna
Menzies
Dr 1 Evatt
Haslitan
Papua-New Guinea
D. M. Cleland
Rabaul
Nuvuneram
Feg
Radio AP
Navuneram
Myattt
Queen Elizabeth Thanks Government of Australia for Birthday Greetings
The Queen Mother and Governor send heartfelt thanks for the birthday messages from the People and Government of the Commonwealth of Australia. Elizabeth II expresses sincere gratitude on behalf of the nation for the kind wishes and official greetings received.
MENTIONED IN THIS ARTICLE
Queen Elizabeth
Belist
Austraig
Commonwealth of Austala
Elizabeth
Also Mentioned on This Page
Mimalas
Arthur Padagale
Australia
Mont
Had & Coles Og
Unites States
Diere
United Kingdon
Steamec
Parliament House
Nsw
Oil Quest
Hastuck Jy
Hassude
Paplay
Haslick
John Qurtner
Gazelle Peninsula
Sadi
J. 1. Mccarthy
Gazelle Peninsila
Suly
John Wald
Vuis
Asim Thay
Queen Mother
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