DEPARTMENTAL EXPENSES

Taranaki Daily News, 25 July 1930, Page 13

DEPARTMENTAL EXPENSES

£3, 218,828 FOB EDUCATION. “The net expenditure under this heading amounted to £7,973,277, compared with £7,932,331 for 1928-29. Almost half of the total under annual appropriations is in respect of vote ‘Education,’ the expenditure for the year being £3,218,828, which is £126,532 in excess of that for the previous year. While on the subject of education, I would like to say that the expenditure out of the vote is by no means the total cost to the State. In addition, there is expenditure under various Acts of Parliament, included under permanent appropriations, and also expenditure out of the revenue, derived from national endowments and reserves. Then there is the annual charge, amounting to approximately. £350,000, for interest and debt-repayment charges on the loan expenditure. Thus the total cost to the Dominion for education now exceeds £4,500,000 per annum. “These and other smaller increase., .n the expenditure were partly offset by comparative decreases under other votes, the net increase under annual appropriations, as already stated, being £40,946. SUMMARY OF OPERATIONS. The transactions for the year resulted in a surplus,' as follows:— (Revenue) Taxation— £ £ Direct 8,837,335 Indirect 10,636,780 —- 19,474,115 Other receipts 5,875,746 25,349,861 (Expenditure) ' & £ Permanent appropriations 20,297,824 Less credits in rercduction 3,070,219 • 17,227,605 Annual appropriations 9,226,500 Less credits, in aid 1,253,223 7,973,277 Net expenditure chargeable against revenue £25,200,882.. Surplus £148,979.”