CUSTOMS YIELD.

Auckland Star, Volume LXXI, Issue 153, 29 June 1940, Page 10

CUSTOMS YIELD.

REVENUES DOWN. £84.000 IN HALF-YEAR. EFFECT OF PETROL SAVING. As -was expected, the effect of war conditions, in New Zealand has been made apparent in a decline in the Customs revenue for the first six. months of the present year. Most pronounced has been the drop in revenue on motor spirit, which is £70,437 less than that of the first half year of 1939 a reflection, of course, of the petrol restrictions' which became operative after the declaration of war last September. Increases are apparent, however, in the revenue from beer excise and sales tax. Actually the drop in revenue of £-17,911 on general customs is more than balanced by tho beer excise increase of £47,980. ' Tho petrol restrictions, however, have turned tho balance of Customs rcvenxic down to such extent that the drop from January to July this year, as compared with revenue.for the same period last year, has been £54,753.' ' \ The collections last month increased in all departments with the exception of motor spirit and tyre duty, as compared with the previous June, but the big fall in petrol importation left June, 1940, down by £9SO as compared with June, 1939. Collections in Detail. Details of revenue under various headings for last month, compared with those for June, 1939, arc as follow:— 3030 1940 Customs £282.022 20R.ios Motor spirit. Od 73.804 .53.200 Tyre duty 2,000 2,318 £360.433 351.700 Excise on beer 13.743 21,581 Sales tax 102,007 105.53S I The sales tax was the second highest collection, the record being £111,807 last month. : The figures for the six months are:—] 1030 1040 Customs £1.735.ni4 1.710.133 Motor spirit. Od .... 483.728 404.201 Tyro duty 17.403 10,007 ■ £2.230.177 2.12.1.331 Excise Oil beer 102,803 130,831 Sales tax 356,013 ' 557,030