THE DOMINION’S FINANCE.

Stratford Evening Post, Volume XXXIV, Issue 68, 13 November 1912, Page 8

THE DOMINION’S FINANCE.

PRIME MINISTER’S VIEW

(Per Press Association.) Auckland, November 11

Tho financial difficulties which had to bo faced by the Government last session were briefly referred to by the Prime Minister in an interview today. “We had a little difficulty in making the money , available go round,” remarked Mr Massey. “That is why we decided that the Minister for Finance should go Home. He will leave shortly, and will not only raise the new loan provided for during the session, but will make the necessary arrangements in connection with loans of £16,000,000 on short debentures falling due in four years. This liability makes matters somewhat awkward, and the Balkan war does not improve the position. However, I am quite confident we are going to make satisfactory arrangements, and that it ie wise that Mr Allen should go Home and deal with the matter on • the spot.”

Dunedin, November 12,

Figures supplied by the Hon. Jas. Allen, Minister of Finance, show that the receipts for the seven months ended October 31st, were £5,658,213, as compared with £5,304,494 for the corresponding period of last year, an increase of £353,719. The principal increases are: Customs £87,386, stampr £62,253, railways £170,213. For the year ended October 31st, the revemu was £11,329,889, as compared with £10,682,229 for the previous year. Tin principal increases for the year were customs £258,693, post and telegraph £ 18,338, land and income tax £77,419, railways £222,858. The expend! ture.for the seven months ended Oct oher 31st, was, under the Public Works Fund £1,106,939, as compared with £967,322 in the previous year; under the Consolidated Fund, £5,923,515, as compared with £5,562,036 I’m the seven mouths of the previous year.