PUBLIC ACCOUNTS.

Otago Witness, Issue 3804, 8 February 1927, Page 5

PUBLIC ACCOUNTS.

THE DECEMBER QUARTER. WELLINGTON, February 2. The Pi'blic Accounts for the quarter ended December 31, 1926, are gazetted. The total revenue received for the nine months amounted to £16,128,220, as compared with £14,,E06,362 received for the corresponding period last year, an increase of £1,321.858. This increase, however, is largely nominal. After allowing for certain large amounts received earlier this year the net increase in revenue is approximately £lBO,OOO. Apart from these nominal items the principal increases are: Postal and telegraph £169,073, income tax £70,392. department £69.974. The principal decreases are: Customs £38.365, stamp and death duties £11,504. land tax £40,190. The total expenditure for the nine months was: Permanent charges £10,623,514, annual appropriations £6,998,230; a total of £17,621,744, as compared with permanent charges £9,689,955, annual appropriations £6,964,929, a total of £16,654,884 for the corresponding period of lasi year. The increase of £966, k00 is made up as follows:—Permanent charges £933.559, annual appropriations £33,301 —£966,860. The principal items of increase are: Under permanent charges — interest £186,984, repayment of Public Debt Act, 1925, £455,000, under special Acts £272,459. (Note.—lncluded in the above increases, however, are payments totalling approxw mately £630,000, which have been made earlier. this vear, so that the true comparative increase is approximately £300,000.) Under annual appropriations —Legislative Departments £36,660, maintenance and repairs to road £44,076, internal £23,551, naval defence £57,119, Customs £15.076, Department of Education £91,216. The principal decreases are: Post and telegraph working expenses £140,927, Department of Industries and Commerce £30,804. scenery preservation £16,146, Electoral Department £71,318.