QUARTERLY ACCOUNTS

New Zealand Times, Volume LXXI, Issue 4440, 21 August 1901, Page 7

QUARTERLY ACCOUNTS

The statement of receipts and expenditure of the Consolidated Fund for ‘he quarter ended June 30th was published in a supplementary “ Gazette ” last evening. The revenue far the June quarter from ordinary sources amount, ed to £1,133,538, an'increase of about £26,400 on the corresponding quarter of 1900. Of this amount £438,542 was derived from Customs, £423,837 from railways and £184,021 from stamps. The Customs return is about £24,000 short of the corresponding quarter of 1900, and th 0 revenue from stamps about £I4OO short. Most of the other sources of ordinary revenue showed an increase. Territorial revenue for the quarter was £27,720. Debentures issued under the Consolidated Stock Act realised £57,000. The total receipts of the fund, including tho surplus of £532,564 carried forward from the previous quarter, were £1,756,817. On tho expenditure side of the account permanent appropriations absorbed £860,693, an increase of nearly £59,000 on similar appropriations for the corresponding quarter of 1900, an increase to which interest and sinking fund contributed £54,500 ; The proportion of annual appropriations charged to the account during the quarter was £632,493, an increase of £90,000 on the corresponding quarter of 1900. The other items of expenditure were £75,000 transferred to the Publio Works Fund and £19,000 for redemption of debentures under the Land for Settlements Consolidation Act. After deducting £BOO,OOO for Treasury bills outstanding there is a credit balance to the consolidated revenue of £169,630, as against £532,564 at the end of the previous quarter and £449,859 at Juno 30th, 1900. The account shows that while ordinary and territorial revenue increased by £26,507 as between the June quarter of 1900 and of 1901, tbe permanent and annual appropriations have increas. ed l by £148,432. Tli a individual accounts show that £IOO,OOO worth of Treasury bills were issued during the quarter, bringing the total outstanding up to £BOO,OOO. The State forests ac. count has now a credit balance of £31,538; the local bodies' account, £5638; the deposits account, £169,359; the Cheviot estate account, £13.511; the conversion account, £1325; the consols account, £461,064; and the loans to 10. cal bodies account, £32,192. The Publio Works Account received during the quarter the sum of £1,000,513 as the re. suit of the sale of £-500,000 4 per cent, debentures in London and a similar amount locally, and £75,000 from the consolidated revenue under the Appropriation Act of last .session. The expenditure by appropriations was £417,213f as against £151,640 for tbs June quarter of 1900. The appropriation for railways is stated at £268,132, as against £55,884 for the June quarter of 1900 and for contingent defence £20,935. The sum of £204,810 was paid in charges, and tbe repayment of temporary advances made on security of short-dated debentures. The credit balance of the fund is now £686,028. Thp Lands for Settlement Account derived £303,951 from the sale of debentures and repaid £200,000 received as a temporary advance. Purchase-money for estates and incidental expenses amounted to £90,. 638, as against £B3IO for the corresponding quarter of 1900. Tho balance at the end of the quarter was £120,592. The loans to local bodies account received £50.600 from the creation of debentures, and paid away £44,335 iu loans to local bodies and £2065 for roads to open up Crown lands.