LAND AND INCOME TAX

New Zealand Times, Volume XLIII, Issue 10137, 27 November 1918, Page 6

LAND AND INCOME TAX

INCREASE OF £2.030,025. Tho net receipts in this Department for tho past year amounted to £7,005,269. made up of land-tax £1,385,708, in-come-tax £5,619,661, and compared with tho collection for the previous year show' an increase of £2.030,025. The land-tax receipts compared wiv those of 1916-17 show an increase of £672,500. The comparison is as follows: £ Receipts, 1917-18 1,385,708 Receipts. 1916-17 713,118 Increase 672,590 It must bo remembered, however, that tho 1916-17 land-tax had fallen to a. sum less bv £335,238 than that collected in 1915-16, owing to the alteration in taxation of mortgages. The increase in landtax for the current year ns compared with the year 1915-16 is £337,352, the comparison being:— £ Receipts, 1917-18 1,385,708 Receipts. 1915-16 1,048,356 Increase 337,353 Tho income-tax receipts compared with those of 1916-17 show an increase of £1,357,435. Tho comparison is as follows; — £ Receipts, 1917-18 5,619,561 Receipts, 1916-17 4,262,126 Increase 1,357,435 Tho increase is due to the increased rates of tax, the altered exemption, and also to the war-tax. which replaced tho fccoess-profttg fax amd tho tax which was imposed under section 5 of the'nuance Act, 1916 (in addition to the ordinary income-tax for that year), on all assessable income in excess of £3OO, at the rale of 6d in the pound whore tho income did not exceed £9OO and Is on all incomes above that amount. PUBLIC HEALTH. Tho usual annual increase is anticipated under tho Hospital and Charitable Institutions Act, 1909, and Amendment Act. Subsidies payable to boards Inst year were £180,555 in regard to maintenance expenditure, and £37,299 in regard to capital expenditure for the current year. Owing to tho increased cost of every article on account of the war tbe subsidy requirements for maintenance expenditure will bo no less than £212,000; for capital expenditure tho subsidy payable will be almiie -oia

The reason for the estimated decrease in capital expenditure is that boards have been when undertaking any extensive building operations, to spread their expenditure over a number of years by means of loans repayable in annual amounts. In addition to the above, there will be the usual subsidy of 24s to the pound payable on voluntary contributions, tho amount of which cannot be exactly estimated, but the total required to be appropriated will be .£250,000, as against .£237,000 voted and £243,000 spent last year. There will be a slight increase this year on the ordinary departmental tote for administrative purposes, owing to the coming into operation of the Social Hygiene Act, the extension of nursing services in country districts, assistance to be granted to the Otago Medical School in connection with bursaries, and jirevision for the examination free of Public Health specimens with a view to facilitating the effectual coping with epidemics.