REVENUE FALLS

New Zealand Herald, Volume LXXVII, Issue 23594, 1 March 1940, Page 9

REVENUE FALLS

CUSTOMS COLLECTION DROP OF £31,639 SHOWN SALES TAX ALSO LOWER THE YIELDS FOR FEBRUARY An all-round decline is shown in the revenue collected by the Customs Department at Auckland in February. The customs return was the owest. for February since 1936. Customs revenue last month was £265,027, or £52,868 lower than in February, 1939. This is taking the motor spirit tax as shown a:; the old rate of 6d a gallon. However, when the additional is deducted, which accounts for a further £91,671, the actual customs yield of £] 73,356 is £31.639 lower than in February, 1939. On the new basis, the motor spirit duty totalled £156,380, against £192,721 in February, 1939. Tyre duty also is lower, but the return from the excise on beer is cmiy fractionally sun Her. Sales tax is £6276 lower at £74,637. Returns for the 11 months of the current financial year show a decline of £180,030 in customs revenue. Sales tax is £14,049 higher, but the motor spirit and tyre duties' yield i s £22,135 lower. Receipts last month compare with February, 1939, as follows:

Monthly and aggregate totals for the first 11 months of the current financial year, compared with the sarhe period in the previous year, are:—

WELLINGTON DECREASE TOTAL DOWN BY £71,013 [BY TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Thursday The net customs revenue collected at the port of Wellington _this month shows a sharp decrease of £71.013, compared with February, 1939. Returns from sales tax, motor spirit and tyre tax also show decreases, beer duty being the only head under which an increase is slio ( wn. For the 11 months of the current financial year decreases are shown under all heads except beer duty. War tax in February amounts to £27,701, compared with £26,686 in January and £28.000 in December.' The net customs revenue in February was £233,748, compared with £304,761 in February, 1939.

. CHRrSTOHUiEtOH DECLINE SUM OF £23,000 FOR MONTE [BY TELEGRAPH PRESS ASSOCIATION 1 ] ' CHRISTCHUECH, Thursday A decline of £23,151 in customs revenue is shown for February, compared with the corresponding month last year. The return for the 11 months! of the financial year is higher _by £37,006. The largest decline for February is in customs, which show a reduction of £28,367, but gains ija other revenue reduce the total decline to £23.151. The figures are as follows, figures for 1939 being given first: —Customs, £104,202, £75,835; beer, £10,114, £16,567; petrol, £25,996, £23,503; tyres, £1760, £549; sales tax, £34,653, £31,383; light dues, £685, £527; export levies, wool, £368, £324; meat, £1205, —; miscellaneous, £75, £7219; totals, £179,058, £155,907.

DUNEDIN COLLECTIONS GROSS RECEIPTS TJP 414000 ' [BY TELEGRAPH —PRESS ASSOCIATION"] DUNEDIN, Thursday Gross customs receipts for the Port of Otago for the month of February reveal an increase of a little over £4OOO in revenue, compared with the same month last year. A sharp fall was shown in net customs return. 1 !, but an advance in beer duty helped to make up the deficit, which was further reduced by a large number of additional taxes imposed under the war emergency regulations. Customs duty amounted to £58,079, nearly £1.5,000 below February, 1939. Beer dutv, however, rose from. £27,286 to £37,265. Returns from sales tax also showed an increase, receipts being £23,255, as against £22,973 last year. In spite of the petrol restrictions, petrol tax returns showed onlj r a small decrease, the total being £15,41b, compared with £15,946. Gold duty was down bv over £IOOO at £ll7l, and tyre tax fell from in February, 1939, to £494.

Customs 1940 * 1939 £265,U27 <'317,805 Motor spirit, 6d 64,709 79,781 Tyre duty '2, Of 10 3 ;2&6 Excise on beer £331,736 i!400,0'!2 30,960 19,967 Sales tax 74,687 80,963

CUSTOMS April . .j 1039-40 1038-3:9 (.. £258,866 J'259,420 May t.. 318,988 ; 285,276 June ..j >. 282,022 .250,028 July 252,066 '277,102 August 290,4-27 319,661 September 365,736 274.987 October i.:., 233,409 343,520 November .. 277,566 330,902 December 273.G33 346,773 January 305,240 297,410 February 265,027 3.17,895 £3,122,990 £3,303,010 SALES TAX 1939-40 1938-3,9 April ... . £95,428 £84,651 May . ... 91,750 81,557 June .. . 102,997 86,208 July .. ... 84,737 80/213 August >. 8-1,804" 05,447 September 84,2(39 85,265 October 98,0*39 99,263 November 92,610 W7.383 December .97,053 119,944 January 93,825 S'9,296 February 74,687 80,963 £1,000,259 £986,210 MOTOR SPIRIT AND TYRE DUTIES 193!)-40 1938-39 Apiil .. £76,813 £71,221 May . 87,788 81,553 June ... 78,413 70,466 July 72,234 64,468 August .. 78,978 73,552 September 71,087 73,119 October .. 55,4(30 74.958 November v. 74,523 80,037 December 73,333 91,904 January •.. 89,564 82,686 February . 66,709 83,037 £824,902 i!847,03 7