THE REVENUE.

New Zealand Herald, Volume XXXII, Issue 9722, 18 January 1895, Page 5

THE REVENUE.

EXPECTED LARGE DEFICIT.

[BT TELEGRAPH.—PRESS ASSOCIATION.] Wellington, Thursday. The Times states thab the revenue for the past three quarters of the financial year to end in March next is £2,995,799. The customs provided £1,134,468; railway, £779,252; land and income tax, £283,590;

stamps, £450,298. The revenue of the consolidated fund for the quarter ending December 31sb is —

Balance at the beginning of the quarter and' cash in the public account £649,698 11 2 Advances in the hands of officers of the Government in the colony 167,664 12 11 In London ... 76,684 12 4 Investment account 470,000 0 0 Less Treasury bills outstanding . . 935,100 0 0 ORDINARY REVENUE. Customs 390,679 5 3 Stamps 154,262 13 8 Postal and telegraph cash receipts 15,119 8 9 Land and income tax.. _ .. 0,482 0 3 Beer duty 17,371 8 11 Railways 268,306 7 10 Registration and other fees.. „ 7,578 18 11 Marine 5,375 9 8 Miscellaneous 4,212 0 3 TERRITORIAL REVENUE. Cash land sales .. .'. ... 9,137 0 2 Deferred payment land sales .. 6,560 2 0 Pastoral runs, rents and raised. _ „ . laneous 2,701 3 1 SINKING VUND SET FREE. Lyttelton and Christchurch Rail- „ „ way loan 1860 15.200 0 0 APPLICABLE TO REDEMPTION OF DEBENTURES ISSUED I'NDER ME CONSOLIDATED STOCK ACT, 1884. New /ealan.l Loan, 1863 (series 1914) 27,000 0 0 Naval and Milita-y Settlers and Volunteers Land Act, 1892— Debentures issued in exchange for remission certificates .. .. 140 0 0 Balance at end of quarter „ „ 84,173 1- 9 Totals £1,457,134 10 6 EXPENDITURE. PERMANENT APPROPRIATIONS. Civil list 6,875 6 2 Interest and sinking fund .. .. 777,293 7 & Under special Acts of the I.eeis-lature-V. .. 45,738 0 11 Subsidies paid to local bodies .. 14,203 13 1 Amounts paid over to local bodies and to deposit accounts in respect of rents under the Land Acts 0,694 16 6 ENDOWMENTS. New Plymouth Harbour Board . . 2,200 8 7 Ureymouth Harbour Board.. .. 2,619 9 8 Westport Harbour Board .. .. 3,226 14 10 ANNUAL APPROPRIATIONS. Legislative 7,995 15 5 Colonial Secretary 18,7:18 10 0 Colonial Treasurer 7,005 19 0 Minister of Justice 30,-297 IS 6 PostmaMter-aeneral 78,622 7 11 Commissioner of Trade and Customs 15,719 0 10 < Commissioner of Stamps .. .. 4,015 10 1 Education Department .. .. 97.553 2 8 Lunacy and Charitable Department 14,546 16 3 Department of Labour .. „ 074 14 9 Minister of Mines .. „ .. 3,237 IS 10 Minister of Agriculture ~ .. 12,310 4 0 Working Railways 186,309 1 4 Minister for Public Works .. .. 81,614 Oil) Defence Department .. „ .. 11,867 7 2 Police Department 22,755 3 2 Minister of Lands .. „ .. 26,398 11 0 Rates on Crown Lands .. .. 97 9 4 Services not provided for . . .. 200 0 0 DEBENTURES. Redeemed Consolidated Stock, ISS4 (Colonial issue) 32,514 0 0 Naval and Military Settlers and Volunteers Land Act, 1392—Remission certificates exchanged for debentures per contra .. .. 110 0 0 Transfer to Public Works Fund (Part I.) in terms of Section 15 of the Appropriation Act, 1894 .. 60,000 0 0 Total 1,400,461 6 9 Less expenditure charged to unauthorised during previous quarter and now transferred to respective appropriations 3,326 15 4 Total.. .. £1.457,134 10 5 [BT TELEGRAPH.— OWN CORRESPONDENT.] Wellington, Thursday. The returns for the first three-quarters of the financial year published this morning, are commented upon by commercial people with varying result. The Post makes out that if the figures are correct there cannot be a. surplus. lb says the estimated revenue for the year was set down at £4,235,000. The receipts for the first three-quarters amount to £2,995,799. Assuming that the returns of the fourth quarter are at the same rate there will be a deficiency at the end of the year of £240,602. The falling off appears to be general in all branches of the revenue. Thus at the rate of the first three-quarters, the Customs will only yield £1,512,624, instead of £1,600,000; beer duty, £56.118 instead of £60,000; railways, £1,039,002 instead of £1,170,000 ; territorial revenue, £255,297 instead of £290.000; marine, £19,568 instead of £20,000, and so on. The only branches of revenue which show a prospect of increaso are land and income tax, £378,120 instead of £350,000 ; registration fees, £49,524 instead of £47,000 ; and stamps, including postal, £644,949 instead of £638,000. The total deficit, however, will be at the present rate nearly a quarter of a million, and this despite the fact thab the estimate was £133,538 less than the actual revenue of last year. Vet we are told that the colony is progressing and prosperous ; and it is in the face of this falling revenue that the Colonial Treasurer is about to desert his post and go to England on a mock mission.