REVENUE AND SPENDING
DETAILS PUBLISHED IN GAZETTE
INCREASES SHOWN IN MOST ITEMS (New Zealand Press Association) WELLINGTON. May 23. Most of the main items of Government receipts showed seme increase in the last year over the totals for the preceding year, but departmental expenditure was also higher. The following information is contained in a Gazette published to-night fall the tabulated figures being given in thousands of pounds):
The Defence Fund now stands at £2.932.000. an increase of £1,300.000 on the total at the end of the previous financial year. Claims paid from the Earthquake and War Damage Fund totalled £2198. compared with £15,000 in the preceding 12 months. The balance in the fund is now £6,835.000, compared with £6.110.000 at March 31. 1949. The purchase of shares in British Commonwealth Pacific Airlines cost £242.000. and a further call on shares in the British Petroleum Company. Limited, cost £ 190.000. There is an item of £275.000 under the heading of payment to the National Airways Corporation. The purchase of shares in Dominion Salt. Ltd., cost £50,000. 1 Medical, hospital, and pharmaceutical benefits cost £8.461.000. compared with £7.875,000 in the previous year. Age benefits totalled £15,134,000, compared with £13.791.000. and family benefits £14,851.000, compared with ■ £14.242.000. The total monetary benefit paid ! under the Social Security Act totalI led £36.827,000. compared with £34,140.000 in the previous year.
RECEIPTS 1950. £ 1949. £ Customs duty 21,475 19,112 Income tax 48.484 49.008 Beer duty 4,822 4,555 csales tax 14.785 Highways tax 3,640 3,644 Stamp and death duties 9,568 9,624 Land tax 967 916 Social security charge .. 31,703 29,373 DEPARTMENTAL EXPENDITURE Education 11,614 9,589 Stabilisation 14,856 11,667 Maintenance of works and services 7,712 6;759 Highways maintenance .. 4,140 3,921 Agriculture 2,161 1,648 Electricity Supply Account 8,411 7,524 Housing construction 10,709 8,836 Public buildings 1,097 1,080 Education buildings 2,337 1,650 Highways construction 2,342 2,006 State Forest 2,228 1,424 Soil conservation and river control 602 465 Railways construction .. 365 128 Costs of Navy, Army and Air Force 9,822 8,987
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Bibliographic details
Press, Volume LXXXVI, Issue 26120, 24 May 1950, Page 8
Word Count
327REVENUE AND SPENDING Press, Volume LXXXVI, Issue 26120, 24 May 1950, Page 8
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