DOMINION FINANCE.

Lyttelton Times, Volume CXVII, Issue 17274, 15 September 1916, Page 3

DOMINION FINANCE.

BIG INCREASE IN REVENUE

MINISTER'S STATEMENT,

The Hon Arthur M. Myers has furnished the following figures for publication, which show tho revenue and expenditure for the five months ended August 31, 1916, compared with the corresponding period of last year, also the revenue for tho year ended August 31, 1916, compared with the year ended August 31, 1915. In submitting the statement of revenue and expenditure for the five month* enCTUi August 81, 1916, MiMyers draws attention to tho satisfactory condition of affairs disclosed, the revenue having increased to the extent of nearly £7OU,IKiO, whilst the expenditure has increased a matter of only a iittle over £160,000, more than half of which is on account of interest and sinking fund. " Tho revenue figures for the year ended August 31,1916," said Mr Myers, "are alio very interesting, and disclose a remarkably satisfactory position, t*ie increase over last year being well over £2.0uv,000."

EXPENDITURE FOR FIVE MONTHS. Five months Five months ended Aug. eudcdAug. 81,19U3. 31, 1316.

£15,157.076 £12,530,17/1

Permanent Charges— £ £ Civil List S.937 7,4S2 Interest and Sinking Fund 1,342,086 1,434.523 Uudar Special Acts . c&l £61 K8.S54 £1,891,161 Annual Appropriations— Lesis.ativa . 16.-133 15,677 Finance ■ . ... 32,030 . 27,730 Post and Telegraph . 813.SU 2-3S,S!3 Railways 1,049.':0'2 1,134,344 Public Building* 30,172 33.853 .\ativc 9,3c.} 10,054 Juftico . . . 149 257 155,315 Mines 9,230 11.227 Internal Affairs 191,327 101.G71 Defence 19.1,913 175,655 Customs and Marino . 51,234 ■ C0.720 Labour 12,012 52.S2G Lands and Survey , 82,391 91,031 Agriculture . . SJ.C6L 72.4i3 Education 026,203 553 111 Other Services . . 33,367 rt c.g- gCQ .17,932 2,812,330 Totals , £3 033,193 £4,833,551 THE PJ 1YEXUE. F ive mou hs Fi.vc months ended Aug. ended Aug. SI, 1910. ol, 1913. Customs 1,527,967 1,363,762 Stamp and death duties 633,253 4S0.61S Pest and Telegraph . 4L0,G49 361 4X1 Land tax •4,352 27,675 Income tax 11,751 S.5S4 Beer duty . 70,370 46,935 Railways 1,767,675 1,541,9158 Registration and other iecs .... 39,913 40,804 Marino 16.663 17,13-2 Miscellaneous 147,i00 136 210 Torri:orial . . 72.790 71,521 Nat. Endosv. Rev. 65,971 93,635 Other receipt — 9,431 £1, £99.054 £1,222,113 A YEAR'S FIGURES. Following is the statement of revenue for the year ended August 31, 191G. compared with the 31, 1915:— year ended August Year Year ended ended Aug. 31, Am. 31, 1916. 1915. £ £ Customs 3,330 37(3 3,230,716 Stamp and death duties 1,6 ; 2,94S 1,423,833 Post and Telegraph 1.765,955 1,341,633 Laud tix 1,020,033 821,886 Income tax . l,39o,319 633,341 Beer duly . 1S1.827 123,161 Railways 4,710,211 4,101,819 Registration and other fees .... 105,377 106.278 Marine . . 45,165 47,039 ■ Miscellaneous . . 435,356 443,121 Terri.ovial 220,583 241,993 Xat. Endow. Rev. S3.971 92,653 Other receipts 2,622 13,194