REVENUE RISES

Manawatu Standard, Volume LVI, Issue 260, 1 October 1936, Page 9

REVENUE RISES

BRITISH FINANCES. CUSTOMS RECEIPTS HIGHER. EXPENDITURE ALSO GROWS. (United Press Association —By Electric Telegraph—Copyright.) (British Official Wireless.) Received October 1, 11.50 a.m. RUGBY, Sept. 30. The total ordinary revenue of the United Kingdom in the quarter ended to-day exceeded the figure for the corresponding period of last year by £5,018,065, and amounted to £163,462,059. This is one of the interesting tacts revealed by the Exchequer returns for the second quarter and the first half of the financial year. The recovery of revenue in the second quarter was insufficient to fully offset the slower returns in the earlier part of the year, and the total ordinary revenue to date is £1,897,244 less than at the same date last year. It stands at £285,002.715. Income tax shows a decrease of just over six millions as compared with a year ago, and the yield of estate duties is £4,510,000 less Customs receipts, however, stand £6,667,000 above the figures of a year ago and at £104,306,000 reflect the growth of overseas trade during the six months Excise corresponds exactly with the total a year ago of £51.900,000. Total ordinary expenditure to date is £365,395,005, as compared with £346,347,079 a year ago. The increase is almost entirely in respect of the Army, Navy, and Air Force votes. Self-balancing revenue and expenditure in respect of the Post Office and Road Fund is £3,061,000 higher than a year ago at a total of £40,453.000. The total outstanding floating debt of £863,455,000 is £81,285,000 more than at the end of the last financial year, but compares with £914,120,000 at the corresponding date in 1935.