THE CONSOLIDATED FUND

Lake County Press, Issue 977, 29 August 1901, Page 2

THE CONSOLIDATED FUND

WELLINGTON, August 21. The statement of receipts and expenditure of the Consolidated Fund for the first quarter of the financial year is published in the ‘Gazette.’ The revenue totals £1,133,839. as against £1,107,421 for the corresponding quarter of last year ; and territorial revenue amounted to £27,721, as against £27,631. The aggregate was £1,161,560, as against £1,135,052 —an increase of £26,508, while the increase in the previous year was £55.628. Customs show a decrease of £24.147, stamps £1,455, and Land and Income Tax £6BB. The increases were: Postal £4,161, beer duty £1,863, railways £35,376, registration £875, marine £4Ol, miscellaneous £10,032, and territorial £9O. The revenue was increased by receipts in aid £57,000 and recoveries £5,693. making the total revenue for the quarter £1,224,253. The expenditure shows an increase of £148.432 ; last year there was a decrease of £19,315. The permanent appropriations for the past quarter totalled £860,694. or £58.787 more than in the corresponding quarter; and the departmental expenditure totalled £632,493, or £89,645 more than in the June quarter of last year. The actual expenditure was thus £1,493,187, while the revenue from all sources was £1,224,255. In the Public Works Fund there was a balance to credit at the beginning of the quarter of £252,516, and proceeds of sale of debentures brought in £1,000.514. It appears that 4 per cent, debentures to the amount of half a million were sold in London during the quarter. The receipts, including the balance brought forward, was £1,508,051. On the expenditure side it is shown that £417,213 was spent on public works, as against £151.640 in the corresponding quarter of last year. The expenditure on railways totalled £268,133, while the expenditure and repayments together totalled £622,023, leaving the public fund in credit to the amount of £686,028 on June 30.