NATIONAL ACCOUNTS

Northern Advocate, 14 June 1935, Page 7

NATIONAL ACCOUNTS

FINANCIAL YEAR ABSTRACT OF STATISTICS TAXATION REVENUE SOARS. INCREASE OF £3,117,777. LPer Press Association. — Copyright .] WELLINGTON, This Day. A conspicuous increase in the re venue from taxation in New Zealanc during the last financial year, as com pared with the returns for 1933-34, i: disclosed in the gazetted abstract o; statistics dealing with the nationa accounts. The respective totals an £20,177,606 and £17,059,829, thus disclosing an increment of no less thar £3,117,777. Aggregates of the x’espective sections are as follow.—

The net expenditure under special Acts last year totalled £23,100, compared with £22,504 in the preceding year. Debt services cost £9,780,628, compared with £10,397,332. Interest payments amounted to £8,023,812 as against £8,836,467 in 1933-34. Administration and management costs £117,732 as compared with £61,045. Payments under the repayment of public debts act 1925, section 11, total £1,578,293 compared with £1,392,257. Under the heading grants and subsidies the payment of a proportion of the totalisator duties to racing clubs amounted to £27,289, the amount in the preceding year being £26,404. The contribution toward the costs of the Singapore naval base was again £IOO,OOO. Outlay on Highways. Expenditure on highways totalled £1,586,964, compared with £1,201,837. The details are as follows: Tyre tax, fees and fines, transferred to the Main Highways Account, £483,353. Tax on motor spirits transferred to the Main Highways Account, £670,506. Tax on motor spirit paid to boroughs, £110,748. Expenses of collecting and making refunds, £21,073. Motor vehicles mileage tax and penalties, £1284. The sum of £903,071 was spent on defence, £437,839 going to naval defence and £465,232 to general defence. The corresponding figures in 1933-34 were:: Naval £397,384 and general defences £264,723, the total being £662,107.

Industries and Social; On the development of primary and secondary industries the expenditure last year totalled £933,620, compared with £1,036,741 in the preceding year. On social services the net expenditure last year compared with that for 1933-34 was: —

The Norther: NATIONAL ACCO IIMTQ A -a -« T T T® US* 1 V Uld Man Winter FINANCIAL YEAR . ■ L is here . . ABSTRACT OF STATISTICS * I 0 Greet him smilingly in one of these warm, smartly-cut Overcoats TAXATION REVENUE SOARS. INCREASE OF £3,117,777. TF you want an Overcoat with uncommon distinction—one that combines the mm attributes of smart appearance with yeoman flfe service'—then let us show you the 1935 r iV Sincerity Overcoats. * Silk lined throughout and smartly cut on English style lines in a great variety of fashionable shades and weaves—they’re Overcoats we’re proud to sell. Overcoats MHHBPfSH you’ll be proud to wear! SINCERITY OVERCOATS * Priced, from fty/Navy Velours /Q nn Good Quality Tweeds from y'Q mS 1 l» Lightweight Showerproof f W 14/6 and 25/[Per Press Association. — Copyright .] WELLINGTON, This Day. A conspicuous increase in the re venue from taxation in New Zealanc during the last financial year, as com pared with the returns for 1933-34, i; disclosed in the gazetted abstract o; statistics dealing with the nationa accounts. The respective totals an £20,177,606 and £17,059,829, thus disclosing an increment of no less thar £3,117,777. Aggregates of the respective sections are as follow. — " 1934,-35. 1933-34 £ £ Customs 7,423,597 6,485,OR Beer duty 671,008 655,464 Sales tax 2,170,503 1,847,332 Film hire tax .... 44,490 23,95£ Gold duty 102,616 117,08£ Highways 1,910,452 1,703,52’; Stamp and death duties ........ 3,520,722 2,712,855 T.anri t.a-sr . . . 492.525 498.977 K. G. M. KELLY Income tax 3,796,476 Miscellaneous .., 45,212 Interest receipts last year £2,930,244. The items were;— 1934-35. £ 2,961,242 45,365 totalled “Outfitter for the North” CAMERON STREET :: WHANGAREI 1933-34. £ ——— in iiiimiiriiw iri^iiiiiPTiirirTinn Railways 1,088,049 Post and telegraph. 546,000 1,085,000 553,000 # . ( Let Us Take ! Public debt redemption fund 632,065 Other public moneys 664,129 629,496 596,360 i I \\ / / m Tour Car In Hand Other receipts for the past financial year total £3,018,242, compared with £3,569,063 for the previous year. Details are as follows: — 1934-35. 1933-34. M jl and do ’ those much SSE needed ELECTRICAL S§ REPAIRS. |S| Long experience and a —well equipped garage BS fit us to successfully SB undertake SB Auto - Electric Work 1 Registration and other fees .. , 228,563 National endow- ■ ment 147,761 Territorial revenue 291,415 External affairs . 97,110 Justice 144,196 Marine 139,168 Native 5,204 Post and telegraph profits 13,000 Printing and stationery 175,655 Stamp duties ... 45,047 218.248 134.249 245,162 76,379 138,171 133,109 3,875 154,387 160,925 31,917 5 of Any Kind 1 Magnetos, Distributors, Generators, Self- BE Qfnefavo nrwl Qnoo/lnmotore etr are over- ESS Tourist and health resorts 77,307 From reserves and miscellaneous . 1,628,777 Recoveries 24,551 Net Expenditure. 65,700 2,196,048 3,604

1934-35. 1933-34. £ £ Health 779,216 741,846 Mental hospitals . 252,442 233,501 Education. 2,595,660 2,526,078 Pensions 3,439,878 3,260,108 Nat. Provident and 80,285 Friendly Soc.. 77,538 Totals 7,144,734 6,841,818