NATIONAL FINANCES

New Zealand Times, Volume XLII, Issue 9685, 13 June 1917, Page 6

NATIONAL FINANCES

FIGURES FOR APRIL AND MAY REVENUE RISES BY £03,000. EXPENDITURE BY £255,000. Tho Hon. Arthur M. Myers (AciingMinister for Finance) has furnished the accompanying particulars relating to the revenue and expenditure for tho month of May. Commenting on the figures, the Minister said: “It will be noticed that the total revenue for the first two months of the current year i s greater by £93,220 ihau the revenue for the corresponding months of last year. Tho increase is due principally to income tax. As was' to be expected, there has been a falling off in both Customs and railway revenue. “Tho expenditure for the two months shows ,an increase of £287,962 on the corresponding period of last year. This is partly, due to the additional pensions payable, and also to the fact that interest and sinking fund charges naturally grow heavier year hy year as new loans are raised. A good deal of the increase, however, is explained by the fact that in several departments expenditure has been brought to charge more promptly than in former years, and to this extent the increase of outgoings will adjust itself later.” ,

OKLUNA-lU' ±<EIViiAUJi ACCOUA'i. Statement showing the expenditure for two months ended May 31st,- 191;, coinpared with the corresponttuiK period tor 1916:- *

PUBLIC WORKS FUND. Statement showing the position of the Public "Works Fund from April Ist, 1017, to "May 31st. 1917:

MAI REVENUE. 1917. 1916. Inc. ii £ £ 281,293 262,442 18,856 Stamp and deatli 132,353 150,422 18,069* Postal and Tele 21,119 20,500 619 732 3,722 2.9B0* 80,835 13,865 66,9-0 18,435 • 17,317 1,088 233,605 46S,0j3 174,998* Keuistratiou ant other fees ..-i10,016 12,148 1,232* 3,190 3,431 59 Miscellaneous •• 15,989 3,063 7.330 Territorial «,3bi 6,393 29* National endow raent revenue 100,493 85,971 14,522 Other receipts .. 2,249 — 2,949 968,578 1,053,497 112,399 Less 197,318* Net decrease ,£84,919 •Signifies dec rease. APRIL AND MAY REVENUE. 1917. 1916 Inc. X X 4897312 483,536 14,221* Stamp and death duties •254,4.2.-, •256,172 2,047" Postal and telegraph ... 31,369 a,8J8 3G,8i>7 3,li>0 562 342* Income tax ... 135,919 , 9,483 126,431 30,039 583,135 2a.514, 6 lib,-to 9 525 43,b34'' Registration _ and other tees 14,138 12.576 1,'>62 100 "?'J„ .,',.,,. 8,781 Miscellaneous Territorial — National Endowment re22,j 4 i 8,364 10|C39 100,493 85,971 14,522 Other receipts 2,94,9 — 2,949 J21, Net increase C60.923 X ,567.703 . B155,132 £62,212* .£93,220

Permanent Charges 2 Months 2 Months ended 31st ended 31st May, 1917. May, 1910 ii.oli 3,0io Interest. & Sink771,818 718,012 TJiuier Special 189,979 136,348 963,311 888,833 Annual Appropriati ons: Class. I. Legislative 3,041 3,694 II. Finance •■• 17,552 12,0iti III. Post and Telegraph 96,379 Or. 217 IV. Railways ••■ 351,227 228,025 V. Public Buildings 9,315 2,281 VI. Native 2,929 3,346 VII. Justice 31,218 31,461 VIII. Mines 3,240 3,709 IX. I 11 ternal Affairs ... 83,88i 76,761 X. 'Defence ••■ 45,220 50,375 XI. Customs & Marine ••• 18,590 17.846 XII. Labour ... 3,855 ' 4,249 XIII. Lands and Survey ... 28,281 34,203 XIV. A s r i c ul22,615 2fl,S60 XV. B ducation 264,277 241,940 Services not pro21,529 1.147 1,003,180 791,725 Totals 1,968,521 1,680,559

Balanc Receip Expenc o « ts iitt m A. ire r»r il 1st. 1917 521,5: 100.0J iie £ 621,531 93.87S Bala: nee Ms IT 31st. 1917 527,653