THE FINANCES.

Timaru Herald, Volume XIIC, Issue 14039, 23 October 1909, Page 3

THE FINANCES.

TREASURY STATEMENT. _ "Per Press Association. " "WELLINGTON, Oct. 22. Sir J.'G. Ward -this evening inado a statement regarding the position of the ordinary revenue account at 30th bepteober. . -, The-balance on the Ist April cash £387,163, advances ,la» - t total. £434;821. leas Treasury hills to £SO - 000—-balance £184,321 The receipts from Ist April to 30th September weVe -Revenue £3,798,238, other receipts £67 144 • total, £3,865,382, making a grand total of £4,049,703. The evuenditure for the same penotT was £3.9 W." 323 leaving a- credit balance ot toJ,380* Cash £229,598 • and • advances £379,782, • (total £609,380) less Treasury bills £550,000 left the balance of jQKQ QfiH *" Public "Works Fund—Available ways mi inems on Ist fpnl wre £433,,09 loan money received £I,OOO, ana other - receipts £943, cave a. total 4>l 434*j852. Expenditure —Annual apS>'S.ttons, £903,796; other charges, 4X137- total, £907,933; on 30th September £526,719. T ° th<^ o "]'j' revenue for the six months slioidd lie added national endowments e^., ■4XV7 144 making the total £J,St>.>.«»— S'ftllingoff pnnc.p. £83,30T and OTegistr;aon'£l2,soo- - Tb® to the financial stnngfrom the railwavs tban compensated for the S»STThe total c 0 Iff* had been reduced by n ordinary revenue £3 990 323. The expendi-accoont-was i.6,. - , . mon'hs Tte caslftnvailahle for was £907,9*3- 1 " e r-oor «fi-> &*&&&& "was £656,110, and-on° thcr Go\ernanent accounts £509,030.. . works fund or proton of wavs and means till Septemlier 1910, forward from last year £434,000, loans authorised during the short session £1,250,00*I j total, £l, 684,000. Vl r The probable expenditure for the current financial year was £2.19 Applications for public works would probably total £10.000,000, wh.ol. showed the necessity for the pruning laiife. , • ~ . The Premier referre<l to the exocertinglv satisfactory terms made by the •Government in raising loans, and he .quoted figures showing-how advantageous these were. IJeyond stating the one million loan had been Taised at 3.J per tent, with no brokerage or discount, he pould not- at present give further public- information.