BRITAIN'S ACCOUNTS.

Auckland Star, Volume LXV, Issue 57, 8 March 1934, Page 7

BRITAIN'S ACCOUNTS.

REVENUE SURPLUS REVEALED. (British Official Wireless.) RUGBY, March 7. The latest Treasury returns show that ordinary revenue for the current financial rear to March 3 amounted to £655,015,024. At the corresponding date last year the amount was £600,060,309. Ordinary expenditure to the date named for the current year totalled £038,230,079, compared with £073,017,021 at the corresponding date last year. The surplus of revenue over expenditure is likely to be substantially exceeded by the end of this month, when the financial year will terminate. Of the £18,800,0*00 in land revenue collected during the week, £14,000,000 came from income tax, £2,500,000 from surtax, and £1,500,000 from estate duties. BUILDING TRADES. IMPROVEMENT IN BRITAIN. (British Official Wireless.) RUGBY, March 7. The building industry accounted for the return to work last month of more than 20,000 men. The total employed in this trade at February 19 was 89,000 more than at the corresponding date last year. A favourable indication for the immediate future of the metal industries is the increase in employment in iron and steel manufacture. Unemployment declined in every division last month, although in the north-eastern section, owing to the state of the coal industry, the decline was small.