Australia Budget Highlights Two Year Deficit and Tax Cuts
Prime Minister Lyons outlines a two year budget with a substantial deficit and large tax reductions. He notes a projected tax receipts drop and increased annual expenditure, with excess receipts from prior years to cover the shortfall. The plan delays the budget to assess the position and intends to apply surplus to industry relief and cost of living reductions.
MENTIONED IN THIS ARTICLE
Age of Hope
Australia
Mac Uvenarer
Mr. Lyons
Budget Estimates For 1933 34 And Tax Reductions
Budget projections for 1933 34 show revenue of 74 020 000 pounds and expenditure of 68 544 000 pounds with a potential surplus of 5 476 000 pounds. Proposals anticipate similar revenue in 1934 35 and seek to avoid large tax cuts that would raise future deficits, aiming for a net annual liability change of 9 148 000 pounds and a 3 672 000 pound deficit forecast for 1934 35. Direct and indirect tax reductions total 3 020 000 pounds, including income tax cuts of 2 620 000 and land tax relief of 400 000, plus adjustments to life assurance taxation and personal exertion allowances. Additional measures target lowering interest costs to stimulate employment and reduce production expenses.
MENTIONED IN THIS ARTICLE
Heer Ae
Kingsford Smith Hops Off Aims to Deliver Plane by October
Sir Charles Kingsford Smith left Lympne aerodrome at 5 28 a m for Australia in the Percival Gull monoplane now fitted with extra petrol tanks to reach about 1800 miles. He intends multiple short stops to rest and reach Tenterfield by October 12, and vows not to overtax himself in the journey.
MENTIONED IN THIS ARTICLE
London
Charles Kingsford Smith
Lympne
Australia
Tenterfield
Sir Charles Peggie Smith
Heston
Snes Southern Sross
Kings
War debts talks to open next week in New York
Sir Frederick Leith-Ross, British economic adviser, arrived to negotiate settlement of British war debts with the United States. Formal discussions likely start next week. US experts foresee two paths, including a lump sum payment with scaling down of obligations.
MENTIONED IN THIS ARTICLE
New York
Frederick Leith-Ross
His Majesty's Treasury
United States
Congress
Attempt on Life of Cuban President Grau Reported
In Havana a failed assassination attempt occurred as President Grau's car was fired on while returning from a hospital visit. A convoy car behind his automobile was struck multiple times, endangering soldiers and guards amid worker unrest following fighting at the National Hotel.
MENTIONED IN THIS ARTICLE
Havana
Grau
National Hotel
Postponement of Payments Agreement Cites US Advantage
A compact accord delays all payments to after the low mood period, framed as consideration of commercial advantages to the United States. The text notes reciprocal obligations and the broader economic context guiding the arrangement.
MENTIONED IN THIS ARTICLE
United States
Labour Party Conference Hears Imperial Powers Proposal
Mr. 3. B. Lees-Smith, former Minister, addressed the Labour Party Conference at Hastings. He said Labour would seek dictatorial powers for a future Labour government when next returned to office. The conference focused on granting unstinted powers to govern.
MENTIONED IN THIS ARTICLE
London
Labour Veraus
Bey Ts Spponen
Labour
B. Lees-Smith
Hastings
Spanish cabinet resigns after vote of censure
Madrid reports the premier Senor Le broux resigned following a government censure vote in the Cortes today. The cabinet stepped down in a dramatic political shift.
MENTIONED IN THIS ARTICLE
Madrid
Senor Lebroux
Cortes
Bevin Opposes Emergency Powers Citing Windsor Signing
Mr. Ernest Bevin criticized emergency powers even when held by allies and recalled the prior Labour Government rushing to Windsor Palace to obtain such powers. Mr. Lees-Smith noted this point in the debate.
MENTIONED IN THIS ARTICLE
Ernest Bevin
Windsor Palace
Lees-Smith
Hollywood Fire Claims Dozens In Griffith Park Tragedy
A blaze in Griffith Park near Hollywood killed thirty-two workers and left about 150 more trapped in flames. Fire officials feared as many as twenty more may be cremated as ambulances and thousands of recruits battled the fire in the eastern Santa Monica mountains.
MENTIONED IN THIS ARTICLE
Los Angeles
Hollywood
Mineral Canyon
Santa Monica
Griffith Park
Frank Nance
Return to Gold Britain Will Wait
At the Lord Mayor's dinner the Chancellor Neville Chamberlain stated Britain’s situation was more favourable than last year. He defended government policy, said improvement was due to it, and warned against abandoning old principles. He argued Britain could not return to gold until conditions permit the standard to function and hoped for a surplus for debt redemption.
MENTIONED IN THIS ARTICLE
London
Neville Chamberlain
Britain
Record Divorce Petitions Rise in Sydney
Sydney records show a likely year of many divorce petitions with 1,867 filed last year and 1,486 this year so far, compared with 1,116 for the same period in 1932.
MENTIONED IN THIS ARTICLE
Sydney
Canberra budget signals large Canberra development funds
The budget shows a major increase in Canberra development funds for housing water supply and engineering works. About 200000 pounds from loan funds will finance housing and services, with 151400 pounds for architectural and 72700 for engineering services from revenue. Additional plans include Black Mountain reservoir work, Cotter River connection, road works, war memorial, afforestation, and park projects in the city.
MENTIONED IN THIS ARTICLE
Canberra
Federal Capital Territory
Department of Health
Black Mountain
Cotter
Iim
BOTANY STRIKE Overtures Rejected by Employers
Overtures to wool and basis workers leaders were rejected by employers. Mr H Whiddon said negotiations would run until work resumes and then occur only via the Arbitration Court. A council meeting presided by W H Tarrant, Federal deputy Industrial Registrar, will meet tomorrow to seek a settlement.
MENTIONED IN THIS ARTICLE
Sydney
Trike
H. Whiddon
W. H. Tarrant
Floods Rise as Namoi and MacIntyre Overrun Towns
Heavy rains push Namoi River over banks at Boggabri while MacIntyre floods Boggabilla. Barwon River rising fast with more rain forecast. Residents stranded. Sergeant Jones ferries two relief trips to save pensioners amid imminent danger.
MENTIONED IN THIS ARTICLE
Sydney
Namoi
Boggabri
MacIntyre
Boggabilla
Weather Bureau
Barwon
Jones
Bandit Outrage Delays Japanese Train in Shanghai Territory
A bandit raid occurred yesterday in the Japanese controlled territory near Shanghai on an express train bound for Newchang. A large force attacked the train, provoking a bold assault as authorities investigated the operation and potential casualties.
MENTIONED IN THIS ARTICLE
Shanghai
Newchang
Virginia Votes to Repeal Eighth Amendment
Virginia became the 32nd state to vote for repeal of the Eighth Amendment. The report notes the move occurred in Richmond on a Tuesday as part of the state’s constitutional reform discussions.
MENTIONED IN THIS ARTICLE
Richmond
Virginia
Train Bandits Attack Carriages Involving Noted Outlaw
An account describes a gang led by chieftain Nahal striking a passenger train. The attackers halted the train and fired a fusillade injuring 38 passengers, then ransacked cars and seized valuables. The incident reportedly occurred as part of the bandits’ broader control of a supposed kingdom.
MENTIONED IN THIS ARTICLE
Nahal
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Lyons
Plmion
Kingsford Smith
Labour Conference
Canberra Development
BEST
Melbourne
Auditor-General’s
Parliamnt
Botany
China
Bathurst
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