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Updated: May 9, 2025
The reductions proposed would give a total relief to the consumer of nearly L4,000,000, and cause a net loss of the revenue of over L2,000,000, a sum about equivalent to the amount coming in from the cessation of government annuities that year. The total revenue was L70,564,000, and as the total expenses of government was L70,000,000, there remained an estimated surplus of L464,000. Mr.
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