PUBLIC FINANCES
REVENUE AND EXPENDITURE.
FIGURES FOR 11 MONTHS.
(Pub United Pn E ss Association.) WELLINGTON, March 6. According to a statement issued to-day by the Acting Minister of Finance, thV revenue for February, as compared with Step, £ 16 > * not increase of riiere js an appreciable decreaso in Customs, and also in railways revenue income tax shows a very considerable increase, and death duties also show a large increase. Tho details aro as follow:— February February n . 1917. WIG. Uastoma -£261.304 £331,350 fetamp ana death dnties „ 218,033 136 616 Post and telegraph 20.680 20 079 snd *« 1,540 12,403 Income tax l,ofla.SC4 707,333 s<*f- ~ 18,033 21!124 Hallways 403,42.1 430 316 itegistrahon and other fees ... 0,571 • 8 ISO *J* rin « - 3,590 MOl Miooeltaneous 6 6.024 64 '27 lemtonal , A j Other receipts 20,023 —- . Totals £2,1C0,3G6 £1,542,245 The revenue lor tho cicven months ended L> ebraary shows a net increase of £1,063 600 over tho previous similar period Here again land tax is the only source of revenue which show.-; a serious decrease. Ihe details aro as follow:— Eleven months Eleven months ending Feb. ending Fub. „ . - s > 1917. 28. 101 G. R?^ S -,"i VC VV- * :, .435,3U1 £2,999,503 btamp and death dntic-s 1,543,983 1 ""T 143 Pose and telegraph ... 1,252,0?7 1,148 "00 i' 3ml 600,971 1,024 227 Income tax 1.100,047 ' 1,102,119 c lf Qut y '166,857 136 193 Katlways ............ 4,137,640 3,824,406 u-egistrakon and otlitr lees 91,004 S8 948 &?' m ° - - 38,154 4i;iSC Miboellancous 362,006 321910 Territorial „ 178,75s 179 17« National endowment ' " revenue 85 971 0" 655 Other receipts ._ ... 32,'181 1^073 Totals ... .-013,252,525 £12,103,925 _ '•' Taking the expenditure," said tho Minister, for the eleven months, there has been an increase of £1,316,940 in the 1917 This is almost entirely due to tho expenditure on interest and sinking fund, war pensions, and war bonuses. The net increase 'under the heading of annual appropriations only amounts to £11,573. A comparison of individual departments, howover, shows that thoro has bee_n a considerable increase of expenditure in the Post I and Telegraph Department, Internal Affairs, Agriculture, and Education funds, whilo Railways and Lands and Survey show a considerable decrease. The expenditure of the Public Works Fund for the eleven months of this year as compared 'with the eleven months of last year discloses a net decrease in tho latter period amounting to £883,432, while tho position of the Public Works Fund up to February 23 'shows that on that date there was a balance of £722.640 available for expenditure".
PUBLIC FINANCES
Otago Daily Times, Issue 16946, 7 March 1917, Page 6
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