APPROXIMATE REVENUE

New Zealand Herald, Volume LI, Issue 15504, 10 January 1914, Page 8

APPROXIMATE REVENUE

FIGURES FOR NINE MONTHS.

INCREASE OF £152,000.

EXPENDITURE NOT AVAILABLE.

[BY TELEGRAPH. PRESS ASSOCIATION.]

DuNEDiv, Friday. The Minister for Finance, the Hon. James Allen, informed a reporter to-day that the approximate revenue returns for the nine months ended December 31 were very satisfactory.

"There has been a considerable improvement in the revenue in the last few weeks," the Minister added. "I have no doubt now that the Customs figures will exceed the estimate for the year, and as far as I can see, there is every likelihood that tlie income tax will also exceed the estimate for the year, as for the nine months ended December the figures are a good deal higher than for the corresponding periods in the previous year. The post and telegraph revenue has improved slightly in the last month, or the quarter ended December. For the opening months of the year the returns indicated a falling off, but things have picked up again, and now show an advance. Land tax has reached £47,000 more, while the beer duty is about the same. The revenue from the railways has not, so far, come up to the estimate, registration and other fee* are higher, marine returns are about the same, and the miscellaneous, section is £18,000 more than for the former period. Territorial revenue shows a decrease of £52,000, hut that is explainable, because the present Government pays revenue derived from land sale* into the land for settlements account. National endowment revenue shows an increase of about £13,000.

" Altogether the increase of revenue for the nine months is about £162,000, not including the territorial revenue from land sales. If that revenue were included, the total increase would be about £200,000." Mr. Allen added that details of the expenditure had not reached him yet, but ho expects them in the course of a few days.