FIVE MONTHS' REVENUE

New Zealand Times, Volume XLIII, Issue 10073, 11 September 1918, Page 5

FIVE MONTHS' REVENUE

£765,961 INCREASE ON 1917 DROP IN AUGUST OF £74,496. The Hon. Arthur Myers (ActingMinister for Finance) furnished yesterday the following particulars relating to the revenue and expenditure for the five months ended August dist. 1918, as compared with the similar period of 1917 ; also particulars as to the revenue for the mouths of August, 1918 and 1917 respectively; and for the twelve months ended August 31st, 1918, as compared with the same period ending August 31st. 1917. Commenting on the figures, Mr Myers stated that it would be observed that the revenue for the five months of this year was in excess of the corresponding period of last year hy £765,961. The comparison for the months of August alone, however, showed that the total revenue for August, 1918, was less than that for August, 1917, hy £74,496. INCREASED EXPENDITURE £1.124,934. On the other hand, the expenditure out of the ordinary revenue account for this year compared with the five months of the previous year showed an increase of £1.124,93-1. “It is iound. therefore,” continued the ' Minister, “tjigt .the ratio of increase in expenditure is greater than the ratio of increase in revenue. This condition of affairs, of to be expected because of the increase in the interest and sinking fund and pensions, and the corresponding decrease on the revenue side owing to-the lack of shipping facilities.” FIVE MONTH'S REVENUE. Statement of the revenue for the five months ended August 31st, 191 S, compared with the five months , ended August 31st. 1917: ' 5 months a months ‘ 'ended ended

Purchase of wheat "' 1 ' 71,270Temporary • trans- ■ fer to Rancitaiki • land drainage account,.,. 7,500 Totals 6.478.031 5,353,007 Increase for five norths . ended 31/8/18 1,124,931 PUBLIC WORKS FUND. Statement showing the position of the Public Works Fund from April Ist, 1918, to August 31st. 1918; £ £ Balance on April Ist, 1918 295,540 Receipts 361,826 Expenditure 345,990 Balance Aueust 31st. 1918 311,370

Aug. 31st, Aug. Slat, 1918. 1917. . £ £ 1,365,874 1.3] 1.919 780,373 670,947 641.923 479,359 53.323 7,518 192.716 130,213 ■ 104,130 72,229 ■Railways 1.898,534 1,658,345 Registration and 42.413 37,166 Marino 13.654 .• 14,713 Miscellaneous 296.503 182.974 Territorial - 58.102 67.954 National endow108.824 100,493 Other receipts 11,609 9,991 ,*,503,783 4,7-13,821 Increase during fi months ended 31/8/18 765.961 Total revenue for the month of August. 1918 — 954.699 Total revenue for the month of August, 1917 1,029,195 Decrease 74,496 TWELVE MONTHS COMPARED. ■Statement of. the revenue for the year ended August 31st, 1918. compared with the year ended August 31st, 1917:— Year Year ended ended ' Aug. 31st., Aug. 31st., '1918. 1917. £ £ Customs 3,418.063 3,633,627 Stamp and death duties ,l,94i;«3 1,676,693 Postal and Tele’graph 1,998,820 1,831.448 Land tax 1,433,513 716,285 Income tax ■ 5,682,064 4,380,555 189,312 Railways ...... 4*908,412 4,726,715 R e g i s t ration and other' fees 106.498 105,293 Marine 36.994 41.785 Miscellaneous 831,966 553,837 Torritorial 195,791 210,951 National endowment revenue 108,824 100,493 Other receipts 40,820 - 42,191 20,972,183 18,312.314 Increase for year 1918 2,759,869 ORDINARY REVENUE ACCOUNT. Statement showing the expenditure for vve months ended August 31st, 1918, compared with the corresponding period for 1917:5 months 5 months ended ended 31/8/18. '• 31/8/17. A £ Permanent charges— Civil list 10,119 8,824 Interest and sinking fund 2.466,725 1,715,473 Under special Acts 956,386 600,504 3.433,230 2,324,801 Annual appropriations— Legislative . 10,702 12,120 Finance : 56,650 47,195 Poet and telegraph 4 348.625 362,169 Railways ............. 1.231,299 1,011,514 Public buildings 36.128 29,553 Native 9.886 8,840 Justice 147,524 146,123 Mines 18.132 8,628 Internal affairs... 4 206,479 203,113 Defence 128,978 162,216 Customs and Marino 62.089 .56,438 Labour 13,466 11,995 Lands and survey 81,822 69,747 Agriculture - 14 v 378Cr 81,670 Education ...; 615,624 641,250 Services not- pro J vided for 61.175 06,955 3,044,801 2,049,526