DOMINION FINANCE

New Zealand Times, Volume XLIX, Issue 11252, 3 July 1922, Page 6

DOMINION FINANCE

REVENUE FROM TAXATION. BACK TO 1920 BASIS. The figiures of revenue from taxation for the year ended March 31st, 1922, are now available, and provide interesting comparisons. Compared with 1921, in which year the total was over 22 millions, the returns for last .year show a drop of nearly six millions, and are on a par with the returns for 1920. Details taken from the official table of statistics are as under:— The figures of revenue from taxation for the year ended March 31st, 1922, are now available, and compare as follows with those for the two preceding financial years:— Revenue for Year ended March 31st,

The effect of the abnormal volume of .imports in the year ended March 31st, 1921, is very apparent, more than half of tho excess of nearly £6,000,000 over each of the neighbouring years being due to tin’s factor. Incometax collectione for 1920-21 were also much higher than in the preceding and following years, which incidentally since snow similar remits, not- only in the aggregate, but also in the two principal items.

Heading. 1920. 1921. 1922. £ £ £ Customs 4,830,325 8,40S,726 5,095,438 Beer duty 355,403 360,525 458,898 Land tax Income tax Death 1.557,903 6,369,765 1,688,979 8,248,945 1,637,816 6,002,987 duties ... 978,095 1,106,925 1.504,532 Banks 212,626 236,712 227,080 Totalisator 413,654 497,961 518,740 Amusement Other taxa68,065 79,921 107,383 tion 1,465,933 1,555,720 812,030 Totals .... : 16,251,769 22,184,414 16,364,902 Taxation tion per head of mean popula1920, 1923. 1922. £ s. d. £ s. d. £ s. d Excluding Maoris ... Including . 14 2 9 18 9 0 13 5 5 Maoris ... . 13 11 1 17 14 4 12 14 7