THE PUBLIC ACCOUNTS

New Zealand Times, Volume XLVII, Issue 10810, 28 January 1921, Page 4

THE PUBLIC ACCOUNTS

RECEIPTS & EXPENDITURE REVENUE SHOWS INCREASE OF £1,722,938. GREATLY REDUCED BALANCE. A comparative statement, gazetted yesterday, of the receipts and expenditure of the Consolidated Fund for the quarters ended December 31st, 1920, and 1919 respectively, shows that the balance ait the beginning off the December quarter, 1920, was £L,561,179, as against £13,035,986 for the corresponding quarter of 1919. The ordinary revenue for the two quarters under review comprises, omitting shillings and pence, as follows:

Including the balance in hand abovestated, also £600,000 repaid from .the Nauru and Ocean Islands account, £250,000 the proceeds of Treasury Bills issued, and minor items, the total revenue to December 31st, 1920, amounted to £26,240,121, as against £19,152,436 to December 31st, 1919. The expenditure side of the account Shown a balance in hand at the end of December quarter, 1920, of £1,363.598, compared with £12,774,417 for the corresponding quarter of 1919. The permanent appropriations totalled £3,404,671 for 1920, against £3,204,689 for 1919; the annual departmental appropriations £4,375,901, against £3,172,930 for 1919. PUBLIC WORKS FUND. FDR DECEMBER' QUARTER. RECEIPTS, £1,985,648. EXPENDITURE, £1,388,126. The comparative Public Works Fund statement, gazetted yesterday, far the quarters ending December 31st, 1919 and 1920 respectively, show that the balance at the beginning of the last December quarter was £612,945, as against £406,462 at the beginning of the December quarter, 1919; and that, including the balances, the total receipts were £1,985,648, and those for the 1919 quarter £800,389. The debentures issued in the 1920 quarter totalled £1,050,000, as compared with £390,000 for the December quarter of 1919. The chief items of expenditure during the two quarters compare as follows:

deemed The expenditure under annual appropriations for the Hast December quarter totalled £788,125, against £462,244 for the 1919 quarter. On the expenditure side for 1920 also appear the fallowing items: —'Transfers to Discharged Soldiers’ Settlement account, £12,246,250; transfer to Public Works account, £50,000; transfer to Reserve Fund account, £1,200,000; Treasury Bills redeemed, £600)000.

Dec. Qr. Dec. Qr. 1919. 1920. £ £ Customs - 1,326,888 2,201,357 Stamp and Death Duties 859,522 1,024,786 Postal and Telegraph Revenue «... 546,859 739,085 Land Tax 1,407,906 1,522,215 Income Tax 81.209 131,731 Beer Duty 92,461 91,174 Railways 1,481,076 1,837,108 Registration and other Fees 36,484 37,266 Marine 10,126 14,339 Miscellaneous 335,170 201,578 6.077.706 7,800,644

Dee. Qr. Dec. Qr 1919. 1920. Publio Works Depart--e X mental Railway construction, and additions to open 39.217 51.316 lines ' 196,073 343,107 Public buildings 136,708 120,929 Roads, bridges, etc. ... 54.141 125,240 Telegraph extension ... Irrigation, and water 37,796 96,865 . supply Plant. material and 8,637 16,141 stores Treasury Bills re17,729 46.024