THE EXHIBITION FINANCE.

Otautau Standard and Wallace County Chronicle, Volume II, Issue 102, 16 April 1907, Page 2

THE EXHIBITION FINANCE.

STATEMENT BY ACTING PREMIER. In answer to a question regarding theflnanolal result of the Exnibition, the ActingPremier stated on Wednesday that he thought his original estimate of one shilling per head of the population would cover tbe cost of the Exhibition to the oolony. That would mean a nominal loss of about £47,000. The increase m the Customs revenue from Christchurch alone would more than balance this loss. For the seven months ending February there had been an increase of about £60.000 m Christchuroh Customs receipts as against the corresponding period of the previous year. Tbe increase was due largely to the imports m connection with the Exhibition, and there were increases on a smaller scale at other ports of tbe oolony. The Customs revenue would prohab'y benefit to tlie extent of quite twice the loss of tbe Exhibit on. In add tion to this tbe railway revenue for the year would show a greater increase than the revenue for previous year, or than had been the case at any other period m the history of the colony. This, again, whs largely due to the Exhibition. The extra Postal and Telegraph revenue would amount to a very considerable Fum, so that the colony had every reason to be satisfied with the result of the Exhibition from a financial standpoiut.