DOMINION FINANCE.

Star (Christchurch), Issue 17169, 12 October 1923, Page 8

DOMINION FINANCE.

SIX MONTHLY FIGURES. Pbr Press Association. WELLINGTON. October 11. I'll© Acting-Minister of Finance gave important details of revenue and expenditure of the Dominion for the six months ended September 30. compared with the same period of 1922. The Minister stated : The revenue shows a net increase of £516.026. The principal increases are: Customs £813.873 and Income Tax £104,536, while decreases are. Post and Telegraph £135,055, Stamps £25,740. and interest on public moneys and miscellaneous £339,441. The latter decrease is mainly due to the fact that interest has not been recouped this year from the discharged soldiers’ account for money required in the account- for reissues and advances. Th© total expenditure for the six months was £405,499 less than for th© corresponding six months of 1922. Under the heading “ permanent charges, interest and sinking fund,” the expenditure is slightly increased by £15,021, but “under special Acts” there is a reduction of £212.483. Under annual appropriations reductions in expenditure are fairly general in all departments, the principal decreases beingßailways £283,858. Post and Telegraph £27.483. Health £45,546. Industries and Commerce, wheat (nominal) £65.637. The main increases are: —Pensions £22.825, Printing Office (nominal) £73,923, Mental Hospitals £10,502. Naval Defence £40,663, Lands and Survey £20,900, Education £99,347, Defence £18.252. Taking th© net increase in revenue and the decrease in expenditure, th© position is £921.525 to the good compared with the correspo riding six months of 1922.