HIGHER INCOME
EMPLOYMENT FUND
MORE FROM WAGES TAX
An increase of £908,090 in the ordinary income of the Employment Promotion Fund for the financial year ended March 31 last, as compared with the total for the previous year, is shown in the Abstract of the Public Accounts. The figures are £5,398,346 and £4,492,256 respectively. The principal item, the employment charge of 8d in the £ on wages, salary, and other income, amounted to £4,656,165, an increase of £871,763. The registration levy yielded £448,854, or £8292 more than in 1936-37. Miscellaneous , items, which include the balance carried forward from the previous year, totalled £293,327, an increase of | £26,035.
On the expenditure side, administration has increased by £158,555, from £76,445 to £235,000. Grants and payments are £210,578 lower at £2,565,236, and allowances, £1,397,452, are £135,755 less. The balance carried forward is £180,645 higher at £433,890. Securities held in the investment account at the end of 1937-38 were valued at £725,000, compared with £175,000 the previous year, an increase of £550,000. Investment income last financial year was £4786, compared with £1822 in 1936-37.
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Bibliographic details
Evening Post, Volume CXXV, Issue 144, 21 June 1938, Page 8
Word Count
179HIGHER INCOME Evening Post, Volume CXXV, Issue 144, 21 June 1938, Page 8
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