PUBLIC ACCOUNTS.
SURPLUS ANN OUWC-ED. v INCREASED CUSTOMS REVENUE. (By Telegraph—Press Association.).'■... WELLINGTON, Wednesday. _A statement that the accounts from the past financial year will! show a surplus of approximately £1,100,0.00 was made by the Minister of Finance, ihe Hon. W. Nosworthy, when speaking-.; aY; the Chamber of Commerce dinner j*»?r night. He said he considered that t'i •■ '. was extremely satisfactory. ; .- \.[ •;: The revenue was very buoyant.for the year, and the aggregate showed''a sub--fitantiftl increase over previous years, in., spite of the reductions in. the rates of! taxation. A large amount of revenue was necessarily derived from customs duties, and revenue from this source had i increased largely. • '. \ The income tax for the year just j about equalled that collected during the previous, year, this indicating that the prosperity of the Dominitm was well Maintained during the past two years, j
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Bibliographic details
Auckland Star, Volume LVII, Issue 94, 22 April 1926, Page 15
Word Count
140PUBLIC ACCOUNTS. Auckland Star, Volume LVII, Issue 94, 22 April 1926, Page 15
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