HIGHER YIELD

New Zealand Herald, Volume LXXVI, Issue 23284, 1 March 1939, Page 13

HIGHER YIELD

CUSTOMS REVENUE ALL SECTIONS ADVANCE IMPORT RESTRICTIONS EFFECTS NOT YET FELT With the effects of the import restrictions not yet felt, substantial advances were recorded in all branches of the revenue collected by the Customs Department at Auckland last month, compared with February of the previous year. The figures for the first 11 months of the present financial year are also ahead of the returns for the corresponding period of 1937-38. Customs revenue last month was £317,895, an increase of £43,167, compared with February, 1938, and £20,449 above the collection for January of this year. The bulk of the goods landed during the month were ordered prior to December 5 and, as a result, they are not affected by the subsequent restrictions. There is often a lapse of some months between the ordering of goods and the time when they are despatched, and it is considered that the full effects of the new policy are not likely to be reflected in the customs returns until about May.

Collection From Tyre Duty There was a yield of, £79,781 from motor spirit tax, an advance of £8323 on February, 1938, while the £3526 collected from tyre duty compared with £1129. Although below January's unusually large collection, sales tax produced £80,963, which is £11,708 ahead of the corresponding month last year. Excise on beer, amounting to £19,967, was £2600 ahead of February, 1938. For the 11 months of the presentfinancial year customs revenue collected at Auckland was £3,303,010, au increase of £57,213 on the corresponding period last year.--The combined total of motor spirit and tyre duties was £847,037, an advance of £75,243, •while sales tax collection rose from £957,342 to £986,210. Details of Receipts Details of the receipts under .the various headings for last month, compared with those for February, 1938, are as follows: 103& 1938 Customs .. .. £317,895 £274,7-23 Motor spirit, 6d .. 79,781 71,458 Tyre duty .. .. 3,258 1,129 £400,932 £347,315 Excise on beer ... 19,967 17,367 Sales tax : . .. 50,963 69,255 Customs revenue for the 11 months of the financial year ; compared with the corresponding period of 1937-38, is as follows: 1938-39 1937-38 April .. £259,420 £308,008 May .. 285,276 244,413 June .. 250,028 2€0 r 419 July .. 277,102 272,366 August .. 319,661 323,769 September . 274,957 354,683 October .. 343,520 268,549 November . 330,902 312,207 December 346,773 312.751 January .. 297,446 313,304 February . 317,895 274,728 £3,303,010 £3,24t5,797 Comparative monthly totals of receipts under the various other headings are as follows: — SALES TAX 3 938-39 1937-38 April £84,651 £8«,296 May .. 5t,557 85,556 June .. $6,208 84,570 July .. August .. 85,447 85,306 September . 85,265 89,802 October .. 99,283 88,977 » November . 97,383 90,125 December . 99,944 94,093 January .. 99,296 95,106 February . 80,963 69,253 £986,210 £957,343 MOTOR S-PIRIT AND TYRE DUTIES 1938-39 1937-38 April .. £71,221 £72,147 May .. 81,589 60,970 June .. 70,466 67,460 July .. 64,468 63,595 August .. 73,552 65,999 September . 73,119 63,417 October .. 74,458 67,259 November . 50,537 76,759 December . 91,"904 .82,477 January .. 82,686 74,127 February . 83,037 72,587 £847,037 £771,794 Motor spirit tax is calculated at the old rate of 6d a. gallon, the - balance being included in the ordinary customs revenue.

WELLINGTON COLLECTIONS SHARP INCREASE RECORDED [BY TELEGRAPH —PRESS ASSOCIATION} WELLINGTON, Tuesday The Customs revenue collections at Wellington continue at a high level. The net revenue collected in February 1 shows a sharp increase of £42,690, compared with a decrease in the January figures of £34,124. The increase last December was £55,990, so that in the past three months, the net Customs revenue collections have increased by £64,556. Sales tax for February increased by £7938, and revenue from motor spirit and tyres was also up ,on the figures for February, 1938. Beer excise collections show a small decrease. The figures for tKe past month, with those for February, 1938, are:— Net Customs revenue- February, 1939, £304,761; February, 1938, £262,071. Motor spirit: £53,964; £43,272. Tyre tax: £2122; £lll9. Sales tax: £89,932; £81,994. Beer excise: £6136; £6649. GHRIST.OHUROH FIGURES DECREASE FOR 11 MONTHS £:BY TELEGRAPH—rRESS association] > CimiSTCHURCH, Tuesday Although the revenue collected by the Customs Department in Christchurch this month was £28,263 higher than in February last vear, the collection for 11 months of the financial year is £26,4&T Ws than for. the corresponding perfcd last year. Details for February are:—Customs: 1938. £85.154; 1939.' £104,202. Beer duty: £7284; £19,114. Petrol tax: £23,86?; £25.996. Tyre tax: £688; £1760. Sales tax: £32,279; £34,653, Light dues: £470; £685. Export levies on wool: £348; £368. levies on meat: £671; £1205. Miscellaneous: £4O; £75. Totals: £150,£795; £179.058. The figures for 11 months are:—Customs: 1938, £1,555,436; 1939, £1,106,271. Beer: £112.299; £125,075. Petrol tax: £262,998; £283,592. Sales tax: £434,636; £419,641. Light dues: £6680; £6833. Export levies on wool: £2618; £2380. Export levies on neat: £7197; £10,873. Honey: £l3; £4l. , Miscellaneous: £2582"; £2582. Totals; £1,997,247; £1,970,795.