THE FINANCIAL POSITION.

Manawatu Standard, Volume XLIII, Issue 1708, 24 December 1919, Page 3

THE FINANCIAL POSITION.

’ MINISTER’S STATEMENT.

(Pkb Pbesb Association.) WELLINGTON,. Dec. ?3.

The Acting-Minister of Finance,- Sir James Allen, stated to-night that the revenue lor. the month of November wasv £1,845,710, an increase of £914,731. The increase was due in the month under review to the increase in the railway revenue of £324,3(19, the earlier production' of land and income, tax. £290,937, of Customs duties £193,838* .and of stamp duties £84,098. The revenue for . the eight months of the year just past was £i1,142,347, an increase on the figures for the previous year ot £2,048,255'. !.' The expenditure ligures are not conclusive. For the eight months pf the current year the expenditure' was £14,439,599, an increase over the totals for the previous ye'ar of £3,292,166, but this increase has been largely accountable to the additions in permanent charges (£1,476,404), of width interest and sinking fund aloncy amount to £1,043,293, and the increases in the annual appropriations are £1,819,371. In eight months the expenditure exceeded the revenue by £330,405, “but,” Sir Jas. Allen said, “the best of the year has yet to come, and 1 have good reason to anticipate that at the end of the year the balance will be on ;the right side.”