DOMINION REVENUE

Otago Witness, Issue 3274, 13 December 1916, Page 39

DOMINION REVENUE

OYER ONE MILLION INCREASE IN EIGHT MONTHS. The following figures show the revenue for November, as compared with the same month of last year, and the revenue and expenditure for the eight months ended November 30, compared with the corresponding period of the 1915-16 financial year. "The revenue," states Mr Myers, "continues to retain the buoyancy which has characterised it throughout the year, the net increase over November, 1915, being £329,163; whilst the receipts for the eight months ended November 30 were £1,324,4-79 in excess of those for the corresponding period" of tho previous year. " Although tho expenditure for the eight months shows a net increase of £456.440 over that for the same period last yeai*, it must be remembered that the interest and sinking fund charges, as well as war pensions, are ever-increasing amounts, and, together with the payments on account of war bonus and other items included in tho heading 'Under Special Acts,' are responsible for £447,751 of the total increase. " New Zealand having embarked on a policy of self-reliance, it is her bounden duty to place herself, during the period of affluence through which she is passing, m such a position that she will not only cease to rely financially on the Mother Country, after the war, but that she will, on the contrary, be a source of strength to her, financially and economically. There are onlv two methods by means of which the dominion may be enabled to play her part worthily in the direction indicated. The first is by the utmost possible increase of output of' all the products that this country is capable of turning out in such abundance; and the second is by a corresponding decrease in the wasteful spending of money ■which might otherwise he set aside for saving purposes. It must be remembered that the loans raised in the dominion this year and last year have been subscribed for the specific purposes of the war and _ public, ■works respectively ; but recourse is Doing had to surplus deposits with the Post Office Savings Banks for other requirements, such as the purchase of Native lands, lands for settlement, lands for soldiers, and for the redemption of loans, etc.; all part of a policy with a direct bearing on the strengthening of our position economically. DETAILS OF REVENUE. Following is the detailed statement of revenue for November, compared with November, 1915: — , , IMS. 1015. Inc.

. 10X8. 1015. Inc. £ £ £ Customs 358,810 238,661 120.153 Stump and death duties 140,770 07,710 43.060 Postal and telegraph 21,087 10,909 10,178 Land tax 347.548 278.062 68.586 Incmoe tax 11,077 4.023 7.054 Boer duty 16,084 10.898 6 086 Railways 374.100 312,216 61,884 Registration and ether lees 7,372 6,441 031 Marine 4,213 3,483 730 Miscellaneous i7,oon 7,313 9,786 Territorial 4,765 4,946 *181 National Endowment revenue — Other receipts 0 0 • "~ 1.304,734 975,571 320,10.1 * Decrease. Revenue for the eight months ended Novcmber 30, 1916. as compared with the eight months ended November 30, 1915: — 1016. 1915. Inc. £ & £ Customs 2,570,730 2 ,105,498 465,232 Stamp and death duties 1,110,008 809,141 309,957 Postal and telegraph Land tax 854,500 710,309 144,110 361,837 315,046 45,891 Income tax 47,449 20,653 26.796 Beer duty 114,481 78.126 36.355 Railways ,544,357 283,915 Registration and other fees ••■ 63.062 61,779 1,283 Marine 27,064 20,098 *1,134 Miscellaneous 206,606 181,527 25,079 Territorial 117,346 116,334 1,012 National Endowment revenue 85,071 92,655 *6,68t Other receipts 2,127 9,460 *7,333 8,300,452 7,074,973 1 ,324,479 * Decrease. EXPENDITURE. The following ; tatement shows tl io exponditure for eight months ended November 30, 1916, compared with the corresponding period for 1915: — 1916. 1915. inc. Permanent charges — a £ £ Civil list ... ... • 14,368 12,979 1,389 Interest and sinkin g fund . 2,339,176 2,243,207 95,881 Under special Acts . . 1,250,999 809,129 351,870 Annual Appropriation s — Legislative 26,756 24.610 2.137 Finance 63.338 51,045 12,293 Post "and Telegraph . 675,225 600,964 11,201 Railways * . 1,742,053 1,872.150 *130,397 F;:blic" buildings 54,623 62.689 *s.oi;.-, Native 15,235 16.381 •1,146 .TuPtice 254,811 263,333 •8,522 20,023 10.892 3,131 Internal Affairs ... . 321,413 263,288 58.125 276,795 291,167 •14,372 Customs and Marine . 100,018 95,188 4,830 Labour 21,117 20,686 431 Lands and Survey . 125,042 131,916 •25,074 Agriculture 129,020 121,850 7,179 Education 934,516 863,114 71,402 Services not provide 1 for Totals • 26,812 . 8,302,251 4,824 21,988 7,935,811 456,410 * Decrease. Summary. 1916. 19 15. Balance April 1 ... 2,106,0" 7 149,017 Receipts ... 8,399,4i 2 7,074,973 10,565,52 9 7,224,020 Expenditure Balance November ... 8,392,2? 1 7,935 -1 7ti, 811 79 Mr 3') 2,173,27