Show newfoundland finances st johns N F march 12 the bud gel presented to the colonial legislature shows an estimated deficit of of for the fiscal year ending jane 30 next due largely to abnormal expenditures last autumn by the whiteway government for election aee but partly duo to a eh of revenue resulting from poor fisheries and low price last season for the year ending june 30 1893 it ie estimated that the expenditure will be the revenue is expected to meet this through the tariff and through the contracts it ie proposed to reduce the public debt by means of alie million dollars recently received froin the railway pur chasers and by the transfer of a hillion and a half dollars of indebtedness really chargeable charee able to the municipality of st johns but now borne by the colony in this way the colonial debt will be brought down to the expenditures tures for the coming year will be a hundred thousand dollar below last years figures and farther reductions are contemplated for the years following the now tariff ie dec protective every local industry being assisted the question of preferential duties ia held over until next year pending the experience of the operation of the new tariff but the receiver general has warmly endorsed mr joaeph chamberlains policy of preferential duties within the empire |