FINANCE AND TAXATION

New Zealand Times, Volume LXXI, Issue 4300, 8 March 1901, Page 5

FINANCE AND TAXATION

SPEECH BY MR WARD.

. THE’ , COLONY’S,, ; I -,r sfi mm.ABBoaunneiijp,w c-i lit-r'-:-; * AUCKLAND, March 7. . The Bon. J. G. ’Ward' visited ■'TV Awamutu last night. In the course of , a speech he said that last year rhihis'- 1 sions of taxation had.been, jnade to the extent' of u £325,000, yet' the revenue for eleven imojnths of the present year, (amounted to £5,112,200,* against £4,859,700 last year, an increase -of i£252,000, with another month to go. He [ventured’to prophesy that at the end of the present financial year the surplus would omoqnt The’finances’of the colony had never ' stood better, in the..London■ money.marr ket than now, said 1 Mr-Ward. The last intimation received' concerning the position there, was that our 3 per cent; bonds stood' at’9BJ, 'onr,4 per 114 j, and curper , cent, . at/.lOg'/ There, was n plethora, of money in New. Zealand to-day such as had never be- , fore, existed in its history. . Thd TnConle Tax to February this year showed Tin .increase, compared with, 1892 and ,1893, .of £105;000, and by the end of, March ' . jit was calculated' thaittfle iricFiiSs© would (amount to ; £159,000. '■< to •••' , 71 / "At the; of 'his speech Mr Ward was presented by the president of the Liberal Federation with an illuminated address on behalf of the Liberals of the Waikato, as an acknowledgment of his services to the country in inaugurating penny postage.