THE FINANCIAL YEAR.

New Zealand Herald, Volume XXVI, Issue 9325, 30 March 1889, Page 5

THE FINANCIAL YEAR.

PROBABLE RESULT.

DEFICIENCY IN THE CUSTOMS

REVENUE.

THE RAILWAY RETURNS.

DECREASE OF PROPERTY TAX. [BY telegraph.—own CORRESPONDENT.] Wellington, Friday. The Times gives the following as the particular features of the close of the financial year, which occurs to-morrow: —"That the Customs revenue will prove somewhat short of the rather excessive estimate which seems to have been adopted under a misconception by the Treasury, is very likely to be the case. The estimate of the Customs department, £1,471,000, will be closely approached, i,f not fully realised, but it is hardly possible that the Treasury estimate of £1,515,000 can be, because this was based on the assumption that the now tariff would bring in during its ten months' operation as much as the Customs department reckoned upon getting if it were in force during the whole year. Customs may, therefore, be looked on as certain to fall behind the nominal estimate by at least £40,000 or £50.000 ; but unless March proves to have been a much worse month than is believed to have been the case, the Customs rpvenije for tho year ought not to be much under the Customs Departmental estimate of £1,471,000. The second largest revenue it-em is railways. There is every reason to believo it will fully equal, and "perhaps exceed the estimate of £350,000. Property tax will not come quite up to the original calculation, because the writing down of certain • properties and securities has involved some considerable losses, one alone amounting to £3500, but otherwise the tax has come in so well that the total shortcoming is not expected to exceed £2500."