Fiscal Results for Year

Otautau Standard and Wallace County Chronicle, Volume V, Issue V, 31 May 1905, Page 3

Fiscal Results for Year

The Tremier at his Dunedin meeting on Wednesday, g^ve'the follojvr ih| sun^nary, m reply to statements made that expenditure, had baen charged to Capital, which ought to be charged m revenue — REVENU^^SULTS, 1)04-5. .'Kslima'e: for- -yearj £7,034,800, actual receipts* £7,282,870; excess pf revenue over estimate, £| -1.8,0.74;; pqmpafced wjth the previous yqar -g reyeriue (^7,021,386), the revenue for 1904-5 shows an increase of ■/ SURPLUS BALANCE yi The'resuit for the ye^fe a net surplus balance of £7610036' nTJadp im as follows r-I|ecei pts- £7, 347,1 ffi Expenditure £6,63s,9os :^ : hiaking an excess of receipts £711,292 \yhich jrogether with a balance of J £49,744 fron].. last year maizes the nc\ surplus a§ stated : 'aboye ! . -.-'■ * TRANSFER OF SURPLUS;, y

A Statement df the money t?&ij£; ferred yearly for the past 12 years from^the.. Consolidate Fund to .-jilie P ublil* . Works F nnd' shows I ] >~that £4.3'5_r000 has been so Ijrarisferred, and that the amount of .'i^.erest. annually saved by such transfers/at the rates current .at the 'times/ was £I^Boo ' ■■-■_■ '•■■ . [<*