THE REVENUE

Dominion, Volume 10, Issue 2998, 8 February 1917, Page 6

THE REVENUE

STATEMENT BY THE TREASURER

FIGURES FOR JANUARY

Tse monthly statements showing the comparisons of revenue and expenditure have beeoi supplied by the officeof the Hon. AiSiur i\J. Myers, Acting Minister of Finance. The figures show the revenue for the month of January, 1317, and the ten months ended January 31, 1917, as compared with that for January, 1916, and the ten months ended' January 31, 1916, respectively. The expenditure for the ten months ended January 3L, 1917, in comparison with that for the -corresponding period of tne previous year is also given, togotiler with the position of the Public •fonts Fund from April 1, 1916, to January 31, 1917. "The comparison for the month of January, 1917, with January, 1916," states Mr. Myers, "sliows a. falling-off for the 1917 period of £302,854. The chief headings -showing a decrease are stamp <hiues, income tax, and rail-waj-s. The stamp and railway reductions are_merely the ordinary fluctuations, xiie reduction in income tax will be recovered during the current month. The deficiency for the month of January is, therefore, more apparent than real. "Takfiig.- the revenue for the ten months, we. find a net increase of £740,279 for - the 1917 period, as compared with the 1916 period. The only two notable decreases are in the heading , : tax' and income tax. The land tax decrease- is due entirely to the alteration in the incidence of the mortgage tax. Considerable proportions of this reduction will bo recovered during the current month when the income tax has been paid. The whole of the decrease in the income tax win also bo recovered during tlio current month.' "Coming to the expenditure, it will he seen that the net increase in the ten months ending January, 1917, as compared -with tTie corresponding period, 1916, amounted to £931,863. Th'o chief increase is to he found nuder the heading of permanent charges, interest a™ 3 sinking fund, and under special Adts. This is accounted for by the increased interest on loan expenditure, wiar pensione and war bonus, chiefly. There is an increase of £60,771 in the expenditure of the Post and Telegraph. Department. The increased revenue, however, from this Department amouuted to £134,586 for the same period. The increase in the'lnternal Affairs expenditure is accounted for 3by the extra expenses incurred by the Government Statistician. Thero is ,»tso «u increase of £41,545 iu the expenditure of -Ehe Education Department. The Hailway Department shows s- commendable decrease in the expenditure of £130,836. whilst its revenue fSr the same period shows an increase of £340,038."' REVENUE FOB- JANUARY. Statement of the Hevemie for January, 1917, compared with January, 1916. Month of Month of Jan., 1917. Jan., 1916. £ £ Customs ...'+ 250,314 212,237 Stamp' and death duties 70,443 119,163 Postal and Telegraph 10,319 11,002 Land tax 35,535 31,697 Income tax 22,494 272,372 Beer duty 15,172 11,058 Railways '. 255,700 - 310,404 Registration and otSier fees 12,513 11,695 Marrne 2,930 2,933 Miscellaneous .... 16,561 16,868 Territorial 15,499 10,399 Other receipts — 6 Totals ...... 707,480 1,010,334 REVENUE FOR TEN MONTHS. "' Statement'of the' Revenue for the Ten ft Months ended January 31, 1917, compared with the ten months ended January 31, 1916. Ten months Ten months ended Jan. 31, ended Jan. 31, . 1917. 1916. £ . £ Customs 3,174,077 2,667,544 Stamp ■ and deatli duties : 1,325,919 1,086,532 Postal and- Telegraph 1,261,897 1,127,311 Land tax ,689,431 11,011,822 Income tax 105,183 334,727 Beer duty 150,775 115,069 Railways/ 3,734,217 3,394,179 legislation and other fees 84,433 80,768 Marine ' 34,555 36,785 Miscellaneous ... 303,072 257,18f> Territorial 140,176 135,026 National Endowment revenue... 85,971 92,655 Other receipts ".. 2,253 12,073 Totals .../ 11,091,959 10,351,680 ORDINARY REVENUE ACCOUNT. Statement showing the Expenditure for ten months ended January 31, 1917, compared with the corresponding period for 1916. - .10 months 10 months rndod Jan. ended Jan. . ■ • 31, 1917. •> 31, 1916. Permanent Charges: £ .£ Civil List 1.7,973 1.6,612 Interest & Sinking Fund .... 3,314,893 2,906,034 Undor Special Acts 1,598,622 1.140,034 ' 4,931,490 4,062,680 Annual Appropriations: Class , 'Legislative 30,389 30,863 „ Finance ... 51,326 69,172 Post' and Telegraph 862,587 ' 802,316 „ Railways . 2,236,356 2,367,192 ~ Public ' Buildings 64.753 76,699 Native .... 19,2.66 20,265 ', Justice .... 341,761 330.543 ~ Mines ...... 23,847 . 21,808 ~ Internal Affairs ... 406,837 326,874 ~, Defence .... 345,953 351,213 ~ Customs &■ Marine ... 130,698 125.175 „ Labour .... 26,591 25,514 ~ Lnndsl and Survey ... 155,721 197,431 ~ Agriculture 172.502 153,312 ;! Education 1,150,758 1,109,213 Services not provided for 23,439 4,341 6,077,984 6,014,931 Totals 11.009.47-1 10,077,611 PUBLIC WORKS FUND. Statement Showing the position of the Public Works Fund from April 1, 1916, to January 31, 1917. Balance on April 1, 1916 1,293,102 Revenue 505,474 1,793,576 Expenditure .... 952,056 Balance January 31,1917 £816,490