BUDGET BREVITIES.

Hawera Star, Volume XLVIII, 24 July 1924, Page 4

BUDGET BREVITIES.

ESTIMATES OF REVENUE 1924-25. In concluding his Financial •Statement in the House last night, the Hon. Mr. Massey said: I estimate the revenue under the main headings of each of the principal departments at — £ Customs : 7,350,000 Beer Duty 630,000 Stamp and Death Duties .. 3,310,800 Post and Telegraph 2,805,000 Land tax ■ 1,400,000 Income tax :. 3,700,000 Railways 7,100,000 Registration and other fees 200,000 Marine 90.920 Interest on public moneys .. 1,234,000 Local Bodies’ Loans Act, 1908, section 76 23,000 Rents of buildings ... 26,000 Tourist and Health Resorts 45,000 Miscellaneous 215,000 Territorial 197,900 Departmental and other receipts 530,000 28,857,620 Less proposed taxation remissions ....... 1,000,000 Net revenue 27,857,620 ESTIMATED RESULT FOR THE YEAR. £ Revenue 27,857,620 Expenditure 27,505,060 Leaving for supplementary estimates '. 352,560 Which, in addition to normal requirements, must- cover the increases in pay due to the regrading of public employees’ salaries. ESTIMATES AND PROPOSALS, 1924-25. Consolidated Fund— £ Ordinary Revenue Account— Estimated gross revenue .. 28,857,620 * Less consession in taxation 1,000,000 Net revenue 27,857,620 Estimated expenditure .. 27,505,060 Available for supplementary estimates 352,560 _ £ Estimated Customs and Ex- _ p i se - 7,350,000 Estimated stamp and death duties 3,310,800 Estimated land and income f ax 5,100,000 Wheat and oats purchases 1,250,000 Transfer from surplus revenue to Public Works _ Fu ! k } 1,000,000 -L rovision for main highways construction account- . 500,000 Provisions for second oilburning cruiser 100,000 Additional grant for deficiency, Western Samoa .. 6,000 Su nera nnuat ion su bsi d i os— Public Service 136.000 Railways 170,000 Teachers 68,000 Estimated reduction in interest and sinking fund clburges 141,042 Roans falling due, 1924-25, to bo provided for .’ 11,893,507 Dividend from Bank of New Zealand shares increased h y 5Q,000