THE BUDGET.

Star (Christchurch), Issue 16573, 4 November 1921, Page 2

THE BUDGET.

MR MASSEY’S SUMMARY. Tbe Minister of Finance (Mr Massey) included in liis Budget Statement last, evening the following summary:— RESULTS. Total revenue. £34.260.962; total expenditure, £28.128.730; surplus, £6,15*2.232. Caßli balanoe carried forward £4.920.294. Reserve Fund, London, £1.200.000; diecharged soldiers settlement account. £13,230.000; Public Works Fund. £500.000; discharged soldiers settlement (Depreciation Fund). £60.000. Public works expenditure, £3.143.107. Redemption and renewals effected. £.10.094.917. Customs revenue and exoise, £8.769.251. Land and income tax reoeipte. £3.987.923. Total expenditure on mental hospitals. £377,643. Post and telegraph revenue, £2,640.153. Savings bank deposits, £35,033,244. Excess of deposits over withdrawals £2,227.356. Interest bearing limit of savings bank deposits increased. Total war loan certificates fold. £4,613.203. Stamp revenue. £3,745,802. Purchased during the year for settlement of discharged eoldiers 79.9>50 acres, costing £1.277,971. Advances authorised to 17,858 discharged soldiors. £17.941,980. Total area proclaimed under Discharged Soldiers Settlement Act, 1015, to March 31. 1921, 1,821.091 acres. Total area of State forests, 6.134,651 acres. Total value of exports, £48,219.672. Increase of approximately 71,300 acres sown in wheat. Coal reserves established for naval use. Naval Board constituted. Reorganisation of New Zealand Military Forces. Repatriation expenditure to March 31, 1921, £1 £59.310. Coal production, during the year decreased by 4143 tons. Coal production in 1929 compared with 3914 decreased by 560,000 tons. Coal imported during 1920, 647,077 tons. War pensions paid during 1920-21, £1,883,952. Pension Medical Appeal Board established. Total contributors to National Provident Fund at December 31, 1920, 19.724. Expeuded for maternity allowances, £31,972. Expenditure by Education Department, approximately £3,300.000, including Consolidated Fund appropriations, £2,460,116; Education Acts, £103,97 , £5; edtication reserves and national endowment revenue. £171,071; and education purposes loan, £214,571. Expended on school buildings. ££oo.ooo. Total payments made for sunpHes purchased on behalf of Imperial Government. £158.676,644. Wool profits distributed, £3.63 9.069. War loans raised to March 31. 1921. £83,638,570. Gross public debt at March 31, 1921. £206,334^19. Sinking funds at Maroh 31. 1921, £8.769,072. Net indebtedness per head, £163 3s. Net annual interest and sinking fund charges, £10.108.414. Increased revenue from distribution of Bank of New Zealand profits, .fclfJJoO. PROPOSALS. Estimated Customs revenue. £4.900.000. Estimated laDd and income tax receipts, £7,700,000. Tariff revision. Co-ordination of Public HeaTth Department and local authorities in sanitary Inspection and the prevention of infectious diseases. Improvement of mirsing services. Transfer of military consumptive sanatoria to Public Health Department. Legislation in connection with hospital subsidies. Automatic printing telegraphs bo be installed. Telephone and telegraph methods to be improved. Expedition of operations of swamp land drainage. Extension of farm schools for teachers and farmers. Nauru and Ocean Island phosphate business to be developed. Formation of New Zealand Royal Naval Reserve. £335.782 to be provided for naval defence. Re-arming and re-equipment of Territorial Force. Consolidation of and amendments to the Shops and Offices Acts. Consolidation of and amendment of the Industrial Conciliation and Arbitration Act. Consolidation of and amendment of Fao iones Act and the Workers’ Compensation Act. Assistance to fishing industry. Concentration for more economic and rapid completion of railways. Legislation in regard to main roads. Assistance in roadmaking in partially developed regions. Further development of hydro-electric works. Financial proposal in connection with productive public works to be submitted. Construction of water-work, to sunnl, arid lands. Exclmnsre of teachers with other countries. Legislation extending provisions for child welfare. Extension of school medical and dontal services. Adjustment of the Teachers’ Superannuation Fund to 3)e improved. Further decentralisation of the work of Public Trust Office. Additions to hospital at Rarotonga.. Extension of functions of the Native Trustee. Departmental balance-sheets in commercial form to be laid before Parliament. Economies in the Public Service. Total estimated revenue £28.000.000: estimated expenditure. £213,266.367. Estimated cash surplus, £3,653.927. Readjustment of taxation. Expenditure to be reduced. State services to be made self supporting. Land tax rebate of If) per cent, for payments before or within twenty-one davs after due date.