NEARLY A MILLION.
DOMINION’S SUPPLIES.
A BUOYANT REVENUE. (BY TELEGRAPH —PRESS ASSOCIATION.) WELLINGTON, April 21. Although the country’s accounts for the past financial year have not yet been completely mad© up, it was announced by the Minister of Finance (Hon. W. Nosworthy), when speaking at the Chamber of Commerce dinner to-night, that the year’s operations will show a surplus of approximately £1,100,000, which the Minister considered extremely satisfactory. The revenue was very buoyant for the year, and the aggregate showed a substantial increase over previous years, in spite of reductions in the rates of taxation. A large amount of revenue was necessarily derived from Customs duties, and these had increased largely, but any readjustment of imports would react upon this source of revenue. The exercise of prudence would assist in restoring the economic balance which he felt was only a. passing phase in the industrial life of the people.
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Bibliographic details
Hawera Star, Volume XLVI, 22 April 1926, Page 5
Word Count
149NEARLY A MILLION. Hawera Star, Volume XLVI, 22 April 1926, Page 5
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