PUBLIC ACCOUNTS

Evening Post, Volume CXIII, Issue 126, 1 June 1927, Page 11

PUBLIC ACCOUNTS

FIGURES IN DETAIL

PAST YEAR'S FISrANCES

A detailed statement of the Public Accounts for the financial year 1926-27, amplifying what has already been published, appears in a "Gazette" issued last night. The following summary has been prepared by the Treasury, showing in concise form the transactions in the ordinary re- : venue account : during the year:— Receipts; during, year:— Revenue .......... ; .. 24,313,982 Departmental and other receipts ............ 629,125 Expenditure.""' ' . during '; ' year , (less, credits-in aid): — : Permanent Appropriations ....:.,.„.;.. U,264,945 Annual Appropria- ' tions ...........V., 10,091,020: ■ . 24i355,965, Leaving a surplus: of ■--■ £587,142 Balance brought forward Ist ~ a ifl^' VB*:—.■*■•'■ ■:•-..•-•.-. 4,428,01)2 Add Surplus, . 1926-27 ... ... . 587,142 » Reparation Moneys received : . from. Germany 39,307 „■ .Recovery from Cheviot Estate Account in terms j. . of Finance Act, 1926, : ! .:'.'■ Section. 25 .......;..;•.. 50,400 :'"■" '■■. ; :'>.';i .-,' ■•■'■ ■■■.-. £5,104,941 DEDUCT— .:■-,■■.. ...... Amortisation' of Debt 588,868 Charges and expenses of redemptions (War .Expenses Loans) .;..." 13 ; Transfer to Bank of New Zealand Shares Account in terms of ' ... . , , the Finance Act, .•-' 1926, Section 8, re- : presenting : £750,000 Preference B Shares .. (at cost): ........;. 780,900 , Transfer to Bank of New Zealand Shares ' Account in terms of . ■ • the- Appropriation •■ ■ :.■•' Act,-; 1926,: Secton ; : 17, , first , instalment for purchase of C. Long-term. Mortgage - ... y 58,594 . Temporary transfers .... ■ to other accounts in terms of the Public . Revenues Act, •„ 1926, ■ : . Section 40 .......... 28,000 - . "' '" 1,423,475 Balance at 31st March,--• 1927:— : Cash and 'Imprests - . • ■ outstanding... 1,987,876 Investments " 1,698,593 . REVENUE. .■■"•- The Revenue Bhows an increase of £217,345 over last year. The principal increases and decreases are as under:— Increases:— ' > . •■■■•■, ' .. - ..• ■.. . ■ •• . •■- ' £ Postal and Telegraph ...:.... 148,823 Income tax.-,.: .'...■■. 53,700 Interest oh Railway. Capital Liability 130,122 Departmental Receipts 57,491 DECREASES:— Customs ;. 131,302 Land TaS /..'.: 37,592 Interest oh Public Debt Redemption Fund 33,814 EXPENDITURE. The increase of £785,882 in the expenditure over the previous year will be found mainly under the Permanent Appropriations, where the principal increases are: :■■■ Interest £317,995 Special Acts ; ' • 272,280 Principal Increases under Special Actß:—' ■■■ , ••■■■.• ': , £ Subsidies paid to Hospital Boards .34,721 Cots of maintenance of War Graves .ai>4 ..Memorials overseas ..':.:......i...\.;..:....': 36,655 Refunds to Racing Clubs of proportion of Totalisator Duty .. 31,174 Subsidy to Railway Department on account of losses on branch lines and isolated sections 84,238 Fruit Export Guarantee .... '82,619 Pensions (other than War Pensions) 93,407 Principal Decreases under Special Acts:— War Pensions : 50,811 Advance to the British and South Seas Exhibition during 1925-26, ',-..-. which did not recur „ 30,000 ANNUAL APPROPRIATIONS. Under Annual Appropriations the. increase is only £107,865, and the principal items of increase or decrease are:— INCREASES:-^ \,.'■'.'' '■ £ Naval Defence ..: '.... 85,820 Public Buildings „ 15,009 Department of Internal Affairs 28,418 Defence Department ..33,981 Custom's Department 14;121 Department of Agriculture ...: 29,877. Education Department 99,878 DECREASES':— Post and Telegraph "Working : Expenses „................;... 03,353 Department of Industries and Commerce .;.. 56,592 Electoral Department 91,410