The Public Accounts

Manawatu Times, Volume 61, Issue 190, 13 August 1936, Page 6

The Public Accounts

FIRST QUARTER’S FIGURES UP ALL ROUND

Per Press Association. WELLINGTON, Aug. 12. Tho Public Accounts for the three months ended June 30 arc published in the Gazette to-day. The revenue for the period totalled £5,523,634 compared with £4,921,775 in the corresponding period of the previous year. The expenditure totalled £5,559,902 compared with £5,391,779 in the corresponding period of the previous year.

Revenue. Details of the revenue are:— a Taxation yield f. ■■ 4,705,990 Lnterest .. 495,565 Other receipts 209,079 Total £3,523,634 Expenditure. Permanent appropriations — Debt service .. 2,009,664 Exchange 595,462 Under special Acts .. .. 820,344 Total permanent appropriations 3,431,470 \nnual appropriations— Social services 1,591,305 Other services 537,127 Total annual appropriations .. 2,428,432 Total expenditure .. .. £5,859,902

Compared with the first quarter of last year, on the revenue side, Customs duty increased front £1,314,442 in 1935 to £2,154,008 this year, the beer duty from £149,653 to £176.051, the sales tax from £532,039 to £709,240, highways taxation from £525,240 to £643,694, and stamp and death duties from £524,044 to £735,162. Income tax decreased from £247,977 to £213,052 and interest fell from £530,652 to £495,564. On the expenditure side, debt services decreased from £2,205,190 to £2,009,604; highways increased from £222,850 to £645,284, defence increased from £102,745 to £124,610 and social services increased from £1,470,930 to £1,591,30-4.