DOMINION FINANCE.

Lyttelton Times, Volume CXVIII, Issue 18352, 9 March 1920, Page 6

DOMINION FINANCE.

* ELEVEN MONTHS’ FIGURES. [Per Press Association.] WELLINGTON, March 8. The Prime Minister, in the capacity of Acting-Minister of Finance, issued to-day a statement of revenue and expenditure for the eleven months ended February 29 of the financial year, with the usual comparison with the figures for the corresponding period last year. The figures show in effect that the increase in revenue is just about balanced by the increase in expenditure, but in the last month of the year it always happens that there are sums added to revenue which assure a surplus, and it is considered reasonable to hope for a surplus this year, although perhaps not such a surplus as was returned at the end of last year. Following are the figures:—

REVENUE.

EXPENDITURE.

1920. £ 1919. £ Custom* - , 4,206,030 3,376,200 Stamps . 2,931,942 1,879,542 Postal and Telegraph 1,568,978 1,524,265 .Land tax 1,545,606 1,604,282 Income tax . 3,602,745 2,258,995 Beer duty . . 313,177 236,479 Railways . , Registration and other 4,929,683 4,269,901 fees 136,943 93,610 Marine . , 37,193 30,385 Miscellaneous 978,801 837,608 Territorial National endowment re178,369 152,972 venue 112,840 108,824 Other receipts , 5,288 45,284 Totals . , . £20,542,661 £16,318,419 Net increase ' . , , £4,224.242

Permanent charges— Civil list 20,769 23,089 Interest and sinking fund 6,801,75-1 5,674,783 Under special Acts . 3,121,596 2,438,892 Totals £9,944,119 £8,136,766 Annual Appropriations— Legislative 89,005 31,593 Finance 159,459 -• 130,852 Post and Telegraph . 1,275,623 1,142,671 Railways 8,725,778 2,885,801 Publio buildings, eto . 118,055 90,690 Native . . . . 24,920 22,986 Justice . . . . 463,976 411,579 Mines . . . . 30,061 36,309 Internal Affairs 286.410 242,485 Mental hospitals, public health, etc. . . 533,401 276,186 Tourists . . * . 56,992 43.347 Defence . 416,173 334,282 Customs and Marine . 185,986 146,358 Labour 35,483 28,451 Lands and Survey 218,602 182,201 Valuation and Electoral 156,967 39,054 Agriculture . 586,856 220,156 Education 1,924,967 1,466,823 Services not provided for . 18,660 37,749 Totals £10,253,374 £7,770,569 Sinking funds transferred 400 — Grand totals , . £20,197,893 £15,907.335 Net increase . £4,290,550 Balance April 1 15,239,561 11,560,783 Receipts . , 20,542,661 16,318,419 £35,782,222 £27,879,207 Less expenditure £20,197,893 £15,907,335 Balance end of Febrnary £15,584,329 £11.971,872 The balance is mado up as follows: — Cash . 1.956,356 918.165 Advances , . . 5,805.591 1.751.598 Investments . 11,S12,382 9,302.469 Totals £15.584.329 £11,971,873