THE DOMINON'S FINANCE.

Clutha Leader, Volume XXXIX, Issue 53, 14 February 1913, Page 3

THE DOMINON'S FINANCE.

REVENUE BUOYANT. WELLINGTON, Feb. 12. Hon. W. Eraser (acting-Minister for Finance) stated that the revenue for the 10 months ended January 31 amounted to £9,021,936, compared with £8,639,634 for the corresponding period of the previous financial year, an increase of £382,302. The expenditure for the 10 months of the current vear to January 31 was £9,639,509, compared with £8,310,995 for the corresponding period of the previous year, an increase of £326,514. The net pr.m in revenue was thus £55,786. The expenditure for the past 10 months was necessarily higher, because more interest had to be paid on loans and expenditure on defence had been greater. There were some other items which involved increased expenditure, while in others decreases had been effected. Increases in expenditure in the aggregate amounted to £442,019, and decreases to £115,509. "Generally speaking, said the Minister, the revenue is in exceedingly satisfactory and buoyant condition. The land and income receipts, assuming payments are all mado by the date fixed, will be at least 75 per cent, above the estimate. Suggestions have been made in some quarters that money had not been advanced by the lending Departments, but i»: 10 months £1,629,125 has been lent out from the Advances to Settlers, Advances to Workers, ?nd Local Authorities branches.''