COLONIAL REVENUE.
SUKPLUS EXCEEDS £330,000.
PER PRESS ASSOCIATION.
WELLINGTON, April 3. Tbe financial year of tbe colony closed yesterday. The Customs revenue sbow a surplus over the estimates of £65,700 ; Land and Income Tax, dE15,000; the estimate was £350.000, amount realised £865.000 (stamps £25,000). This surplus, though substantially approximating to amount of the Tollemache duty, is not attributable to that. That was accounted for in the estimate, but is attributed to the unusual number of deaths among I propertied persons. Tbe tail ways show a surplus of revenue amounting to £30,000 against which there will be an excess o{ espeacfuure to go into (unauthorised) an account for floods and slips damage, which will reduce the net surplus to about £17,000. Other figures are not &t present, available. In the Justice and Native Departments tbe expenditure is under the estimate, and tbe land revenue is expected to slightly exceed the estimate. The surplus of £380,000. estimated in the Finanoial Statement, will therefore be considerably exceeded. Of that surplus, £200,000, as foreshadowed in the Financial Statement, has been transferred to the public works account, the supplementry estimate absorbing all but £50,000 of the balance whioh was oarried forward.
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Bibliographic details
Hawera & Normanby Star, Volume XX, Issue 2393, 5 April 1893, Page 2
Word Count
196COLONIAL REVENUE. Hawera & Normanby Star, Volume XX, Issue 2393, 5 April 1893, Page 2
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