EXCHEQUER RETURNS.
FOR NATIONAL FINANCIAL YEAR DEATH DUTIES PRODUCTIVE. (British Official Wireless.) Received April 2, 12.30 p.m. RUGBY, April 1. The Exchequer returns for the national financial year, which ended on Saturday, show a surplus of £18,394,463, which compares with Mr Churchill's budget estimate of £14,502,000. The latter figure was reduced by concesisons during tlio subsequent debate to £8,000,000. The present surplus, with other £4.000,000 carried over from the previous year, will be placed to the rating relief suspense account. Death duties have been particularly productive during the year, and income tax, tliougli not supertax, has produced more tnan was estimated. The expenditure was also Jess than anticipated. The nation’s revenue exceeded £836,000,000, and the expenditure was a little over £818,000,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19290402.2.66
Bibliographic details
Manawatu Standard, Volume XLIX, Issue 104, 2 April 1929, Page 7
Word Count
121EXCHEQUER RETURNS. Manawatu Standard, Volume XLIX, Issue 104, 2 April 1929, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.