DOMINION FINANCE
mb MASSEY'S STATEMENT. IMPROVEMENT INDICATED. PRESS ASSOCIATION TELEGRAM WELLINGTON, Wednesday. The following statement regarding the finances of the Dominion for the current financial year was issued by the Premier to-day: REVENUE. £ Total revenue for 11 months ended February -28 22,440,189 Corresponding period previous year . . . ■ • . 20,226,801 Increase • • ■ ■ • 2,213,388 EXPENDITURE. Expenditure for 11 months ended February 2S .. .. .. 22,585,243 Expenditure for corresponding period previous year . . . . 25,042,314 Decrease 2,454,071 “Taking the two together,” Mr Massey says, “an improvement of £4,667,459 —the effect of savings and reductions in expenditure —is in<Hcated by these figures, but in order to stabilise the position, and keep tne national expenditure within the national income, so as to enable us to reduce taxation, a continuance strict supervision over the spend, g power is essentiaL”
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Bibliographic details
Timaru Herald, Volume XCVIII, Issue 18063, 9 March 1923, Page 6
Word Count
126DOMINION FINANCE Timaru Herald, Volume XCVIII, Issue 18063, 9 March 1923, Page 6
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