AN ENCOURAGING SIGN
British Revenue Returns Disclose Large Surplus GOOD BALANCE ASSURED REDUCED EXPENDITURE (British Official Wireless) RUGBY, March 27. The fact that revenue returns one week before the end of the financial j r ear make it clear the Chancellor of the Exchequer will have a surplus on the year is welcomed by- newspapers as an encouraging sign. -
The figures show that the deficiency of the previous weeks has been turned into a surplus of £1,664,439, so the Chancellor is assured of a comfortable balance when the year’s accounts close. Expenditure is at present well below the revised estimate for the year.
Ordinary revenue with one more week to run is within £6,000,000 of the estimate for the year and totalled £700,711,137. Income tax so far collected amounts to £224,476,000 and already exceeds the estimate of £219,--500,000, as well as the total under this heading last year. Ordinary expenditure to March 23 was £687,351,338, the revised estimate for the year, including supplementary grants, being £716,119,000.
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Bibliographic details
Hawera Star, Volume LIV, 29 March 1935, Page 7
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166AN ENCOURAGING SIGN Hawera Star, Volume LIV, 29 March 1935, Page 7
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