GOOD POSITION.

Auckland Star, Volume LXVI, Issue 307, 28 December 1935, Page 9

GOOD POSITION.

BRITAIN'S REVENUE.

Exchequer Returns to Middle

Of December.

ADVANCE OF' £20,000,000

British Official Wireless. (Received 1 p.m.) RUGBY, December 27. The Exchequer returns show that total ordinary revenue, excluding self-balancing items, amounts to £423,075,470, compared with £404,064,177 at the corresponding date last year. Total ordinary expenditure, exclusive of self-balancing items is £563,683,701, compared with £512,985,055 at the corresponding date last year.

There is now only one week of the third quarter of the financial year to go, and financial writers- comment on the encouraging revenue position, as it is 't\ the last quarter of the year that the inflow of revenue is greatest.

Receipts for the week ended December 21 were swollen by an exceptionally large payment on account of estate duty, and the total receipts under this head for the financial year to date are £03,410,000, compared with £58,515,000 for the same period of the previous financial year.

Among other revenue items, inconje tax has yielded £75,618,000, or over £4,000,000 more than for the same period of last year, and Customs and excise £227,355,000, an increase of nearly £0,000,000 compared with last year.

TREASURY ISSUE

HEAVY OVER-SUBSCRIPTION,

British Official Wireless. (Received 1 p.m.) RUGBY, December 27.

The total amount applied for in tenders for the £45,000,000 of Treasury bills was £01,515,000. The average rate per cent for the bills at three months is 11/3.6, against 15/8.7 a week ago.