IMPORTS shrink INCREASE OF £4000

Gisborne Herald, Volume LXVII, Issue 20185, 1 March 1940, Page 2

IMPORTS shrink

INCREASE OF £4OOO

, EFFECT ON CUSTOMS £1460 LOSS IN MONTH BEER EXCISE HOLDS UP SALES TAX UP BY HALF The marked shrinkage in imports at Gisborne on which customs dues were, collected was indicated by the payments of dues for February, which were one-third lower than for the corresponding month last year. Beer excise figures Held up well, however, Increasing by one-third in the value of. collections; while sales tax payments also improved considerably. The total collections at Gisborne for February, 1940, were £7566 18s 9d, as against £7257 13s 9d for February, 1939, Revenue from the three main heads for the 11 months of the financial year now completed is still well ahead of the corresponding figures for last year. The following tabulations give comparisons of the receipts for February, and the receipts for the 11 months of the year under the three headings:— / FEBRUARY REVENUE

- FIGURES FOR OTAGO (Por Preßs Association.) DUNEDIN, this day. ■ Gross customs receipts for the port of. Otago for the month of February reveal an increase of a little over £4OOO in the revenue compared with February last year. There was a sharp fall in the net customs returns, but an advance in beer duty helped to make up the deficit, which was further reduced by a large number of additional taxes imposed under the war emergency regulations. Customs dtity collected during February amounted to £58.079, which was nearly £15,000 below the total collected in February, 1939. Beer duty, however, rose from £27,286 in; February of last year to £37,265 dviring the month ended yesterday. Returns from sales tax also showed an increase, the receipts for February being £23,255 as against £22973 in February of last year. /Despite the current petrol restrictions, petrol tax returns show only a smair decrease on those for last year, the receipts in February amounting to £15,416, compared with £15,946 in February, 1939. Gold duty is down by over £IO6O at £ll7l, and tyre tax fell from £1214 in February, 1939, to £494 last month. Wool export duty was £lßl as against £157 last year.

Customs Beer Sales Tax 1940 £ .. 2476 16 9 .. 3009 2 6 .. 2080 16 6 1939 £ 3887 19 1916 11 1453 3 6 3 0 Total ..7566 18 9 7257 13 9 ELEVEN MONTHS' RECEIPTS ■ . • . ; £ ,. ' £ Customs 59,305 4 10 50,046 1 ‘ 2 Beer ..23,470 1 9 17,307 11 2 Sales Tax 19.294 R 2 18,304 10 7 - Individual Comparisons In,- the following table, the individual monthly figures are compared:— CUSTOMS REVENUE £ s d £ s d 1939-40 1938-39 April .. 3,669 15 1 4,301' 8 7 May .. 5,264 17 11 4,225 16 10 June .. 4,395 9 0 4,693 7 9 July .. 3,071 1 5 3,484 1 2 Aligust .. 6,400 10 10 5,008 17 -3 September . 10,373 16 2 4,590 16 8 October .. 2,490 4 4 4,750 2 10 November . 2,402 10 6 4,096 9 G December*. ‘2,932 9 4 6,449*8 6 Jantiary 4,82? 3 6 4,558 It) 2 February . 2,47,6 16 9 3,887 19 ,6 ■-/- Total BEER . 49.305 4 10 50,046 1 2 EXCISE PAYMENTS 1939-40 1938-39 £ s d £ s d April May 1,377 10 0 1,593 0 0 1,780 5 10 1,596 9 3 June 1,473 5 0 1,164 8 9 July 1,473 16 3 1,232 17 9 August 1,526 5 9 1,373 19 2 September . 1,679 4 3 1,259 1 3 October . November . 2,496 14 6 . 2,154 6 9 1,502 3 2,345 2 9 December . 3,177 14 9 2,220 17 6 January . 3,321 17 0 2,103 10 0 February . 3,009 2 6 1,916 11 3 Total . 23,470 1, 9 17,307 11 2 SALES TAX PAYMENTS ; ■ V:' '' 1939-40 1938-39 V £ s d £ s d April . 1,698 7 5 1,464 6 6 May . 1,636 12 2 1,555 6 0 June . 1,795 11 8 1,671 11 10 July . 1,554 12 4 1,583 10 4 August . 1,354 19 1 1,565 19 10 September . 1,715 14 7 1,646 6 8 October . 1,619 10 4 1,638 2 7 November . 2,009 8 5 1,691 17 1 December . 1,660 1 5 1,842 0 10 January . 2,178 7 11 2,192 6 8 February . 2,080 1J 0 1,453 3 7 Total . 19,294 5 3 18,304 10 7