THE NATIONAL SURPLUS.
TOTAL OF £1,812,366.
REVENUE INCREASE, £381,000. EXPENDITURE LOWER. HEAVY CUSTOMS RECEIPTS. MILLION FOR PUBLIC WORKS. [BY TELEGRAPH.OWN CORRESPONDENT.] WELLINGTON. Thursday. The accounts of the Consolidated Fund for the last quarter of the financial year have been gazetted. A compilation of this and previous statements gives the full year's results, compared with those for the previous year, as follow: — 1923-24. 1922-23. Increase. £ . £ £■ Revenue .. 27,960,371 27,579.443 380,928 Expenditure ' 26,148,005 26.263,760 '115.755 Surplus . . £1,812,366 £1,315,683 £496,683 • Decrease. Details of the revenue are as follow:— 1923-24. 1922-23. £. £. Customs . . . . 7,138,216 6,032,292 Beer duty . . . . 632,094 612,128 Stamp and death duties 3,343,782 3,581,291 Post and telegraph . . 2,681,241 2,705,030 Land tax . . . . 1,426,462 1,541,502 Income tax . . . . 3,782,531 3,881,932 Railways . . . . 6,954,469 6,719.864 Registration, etc. . . 215,321 179.033 Marine . . . . 90,934 50,579 Miscellaneous . . . 863,386 1,478.845 Territorial .... 222,378 192,186 National endowment . . — 95,156 Other receipts ... 609,556 559,605 Totals - . £27,960,370 £27,579.443 A summary of the expenditure is as follows :-r----1923-24. 1922-23. £ ' £ Permanent charges « Civil List ... 28,919 28,833 Interest . . and Sinking Fund 8,881,877 8,899,957 Pensions ... 2,303,958 2,477,975 Other items ... 1,235,819 1,500,539 Totals ... £12,450,573 £12,907,304 Annual appropriations— Railways , ... 5,153,141 4,946,181 Post and Telegraph • ... 2,118,952 2,112,543 Education ... 2,604,508 2,581,601 Other services . 3,820,831 3,716,131 Totals ... £13,697,432 £13,356,456 Grand totals £26,148,005 £26,263,760
The account shows various transfers to other accounts, including provision for debt redemption and £1,000,000 to the Public Works Fund. The year began with a balance in the account of £5,637,090; at the end of the year the balance was £4,954,712.
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Bibliographic details
New Zealand Herald, Volume LXI, Issue 18710, 16 May 1924, Page 8
Word Count
235THE NATIONAL SURPLUS. New Zealand Herald, Volume LXI, Issue 18710, 16 May 1924, Page 8
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