BIG INCREASE

Southland Times, Issue 25311, 14 June 1935, Page 7

BIG INCREASE

TAXATION RECEIPTS ABSTRACT OF NATIONAL ACCOUNTS FIGURES GAZETTED (Per United Press Association.) Wellington, June 13. The outstanding feature of the abstract of national accounts for the financial year ended March 1, as published in a supplement to the latest Gazette, is the substantial increase in taxation receipts from £17,059,829 in 1933-34 (shillings and pence omitted) to £20,177,606 last year. The detailed items are tabulated as follows

The net expenditure under special acts last year totalled £23,100 compared with £22,504 in the preceding year. Department services cost £9,780,628 (net) compared with £lO,397,332. Interest payments amounted to £8,023,812 as against £8,836,467 in 1933-34. Administration and management cost £117,732 as compared with £61,045, repayment of the Public Debt Act, 1925, section 11, totalled £1,578,293 compared with £1,392,256. Under the heading grants and subsidies, the payment of proportion of the totalisator duty to racing clubs amounted to £27,289 and the preceding year £26,404. The contribution toward the cost of the Singapore naval base was again £lOO,OOO, while miscellaneous grants and subsidies totalled £215,659 compared with £9470 in 1933-34. Salaries and honoraria absorbed £60,224 as against £56,013. The expenditure on highways totalled £1,586,964 compared with £1,201,837. The details are as follows: 1934-35. 1933-34. £ £

The sum of £903,071 was spent on defence, £437,839 going to naval defence and £465,232 to general defence. The corresponding figures in 1933-34 were: Naval, £397,384; general defence £264,723, the total being £662,107 in pounds only. On the development of primary and secondary industries, the expenditure last year totalled £933,620 net as compared with £1,036,741 the preceding year Details of the latest expenditure were as follows:

1934-35. £ 1933-34. £ Customs 7,423,597 6,485,013 Beer duty 671,008 655,464 Sales tax 2,170,503 1,847,333 From hire tax 44,490 32,959 Gold export duty 102,616 117,089 Highways 1,910,452 1,703,527 Stamp and death duties 3,520,722 2,712,855 Land tax 492,525 498,977 Income tax 3,796,476 2,961,243 Miscellaneous 45,212 45,365 Interest receipts last year totalled £2,930,244 and in the previous year £2,863,855. The items (pounds only) for the two years are:-1934-35. 1933-34. £ £ On capital liability; working railways 1,088,049 1,085,000 Postal and Telegraph 546,000 553,000 On public debt redemption fund 632,065 629,496 On other public moneys 664,129 596,359 Other receipts for the past financial year totalled £3,018,242 compared with £3,569,063 the previous year. The details were as follows:— 1934-35. 1933-34. £ £ Registration and other fees 228,563 218,248 National endowment • revenue 147,761 134,249 Territorial revenue 291,415 245,162 External Affairs 97,110 76,379 Justice 144,196 138,171 Marine 139,168 133,109 Native 5,204 3,875 Post and Telegraph Department profits 13,000 154,387 Printing and station - ery 175,655 160,925 Stamp duties 45,047 39,197 Tourist and health resorts 77,307 65,700 From the reserves 1,628,777 2,000,000 Miscellaneous ————. 196,048 Recoveries on account of expenditure of previous years 24,551 3,604 Recoveries on account of unauthorized ex penditure of previous years 482 4

Tyre tax fees and fines transferred to Main Highways Account Tax on motor spirits 483,353 409,228 transferred to Main Highways Account 370,506 669,868 Tax on motor spirits paid to boroughs 110,748 100,060 Expenses of collecting and making refunds 21,073 21,104 Motor vehicles mileage tax and penalties 1,284 1,574

1934-35 £ 1933-34 £ Land and survey 160,215 151,658 Agriculture Industries and com539,246 675,463 merce, tourist and ! publicity 133,995 • 118,235 Scientific and Industrial research 53,126 48,748 Mines 19,566 19,539 Transport 27,469 23,095 On social services the net expenditure last year was:— 1934-35 1933-34 £ £ Health Mental hospitals Education Pensions National Provident 779,216 252,442 2,595,660 3,439,878 741,846 233,501 2,526,078 3,260,108 and Friendly Societies 77,538 80,285 Totals 7,144,736 6,841,819 In 1933-34, the expenditure under the Banks (Exchange) Act was £7,614,000.