Financial Situation
In 1953 the territory recorded a budgetary surplus along with the Yukon. The inflow of cash came from government controlled liquor that netted over $150,000 to the treasury along with over $260,000 in federally collected taxes being returned to the territory. Other contributing sources were a 1 cent per gallon tax on all petroleum products, a fur export tax and various licensing fees.
Read more about this topic: 1st Northwest Territories Legislative Council
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