NATIONAL TREASURY.

New Zealand Herald, Volume LVIII, Issue 17691, 28 January 1921, Page 4

NATIONAL TREASURY.

ACCOUNTS FOR LAST QUARTETS LAND' TAX YIELDS £1,522,300, TREASURY BILLS REDEE"METS. INVESTMENT OF BALANCES, [BY TELEGRAPH. PRESS ASSOCIATION'.] WELLINGTON". Thursday. The public accounts for the Decembeu quarter were published in to-night's' Gazette. Following is a summary of th» receipts into the Consolidated Fund: — 1919. 1910. £ £ Balance at October 1 13.035.986 1T.561.179 Ordinary Revenue — Customs . . . • 1.226.888 2.201,357 Stamp and death duties - . . . 859.503 1.024.768 Post and telegraph 546.660 739,065 Land tax . . . . 1,407,907 1,522.218 Income tar .. .. 81.210 131.731 Beer duty . . . . 92.461 91.174, Railways . . . • 1,481.076 1.837,108 Registration and other fees . . 36.485 37.263 Marine . . . • 10.126 14,339 Miscellaneous . . 335.171 201.579 Totals . . . . £6.077.707 £7.800.54 i Refund from Nauru Island account . . 600.000 Treasury bills issued 250.000 Other receipts .. 35.7&3 33.303 Totals .. ..£19,152,436 £26.240.126 The expenditure during the quart** amounted to £3,404,371 in respect of permanent appropriations, compared witH £3,204,689 in the December quarter of 1919; and to £4,375,901 in respect of annual appropriations, compared with £3,172,930 last year. The balances in the fund have beeis reduced by over £13,000,000 by the transfer of £12,246,250 to the Discharged Soldiers' Settlement Fund Account, and of £1,200,000 to the London Reserva Fund Account. In addition, Treasury Bills for £600,000 have been redeemed. The balance of the fund at December 3t was, therefore, £4,363,598, compared with £12,774,417 at December 31, 1919. The account of the Publio Works Fund shows that at the beginning of the December quarter there was a balance of Receipts during the quarter amounted to £1,372,700, including £1,050,000 raised by the issue of debentures. The chief items of eipenditura during the December quarters of 1919 and 1920 compare as follow:— 1919. 1920. £ £ Departmental . . .. 39.217 51.345 R»ilw»y oonfitmctJDa ,- 196,073 343,107 Publio buildings .. 136,708 120,829 Ro»de, bridges, erfsc 64,141 125.240 Telegraph extension .. 27,753 56.53& Irrigation 8,637 16,141 Plant and msieri*! .. 17,729 46,02* The outstanding Treasury Bill fos £400,000 issued in the September quartea of 1920 has been redeemed.