DOMINION’S FINANCE

Wanganui Chronicle, Volume LXXXII, Issue 19442, 30 October 1925, Page 7

DOMINION’S FINANCE

SIX MONTHS’ FIGURES REVENUE INCREASED BY £1,110,920 PBOSPECTS FOR A GOOD YEAR. [Per Preus A»sociatic...l WELLINGTON', Oct. 29. The public accounts for the quarter ended September 30 are gazetted. Tho revenue and expenditure of the Consolidated Fund, ordinary revenue account, for the six months from April 1 to September 30, 1925, are as follows: Revenue. The revenue received amounted to £12,034,840. For the same period last year the amount received was £10,923,920, there being thus an increase in revenue of £1,110,920 as compared with th® first six months of last year. The principal increases are:—Customs, £291,583; Railways, £238,205; Stamps, £202,408; Postal and Telegraph, £lBB,080. Tho principal decreases are: Miscellaneous, £75,179; Income Tax, £22,377; Land Tax, £17,746. Expenditure. Tho total net expenditure for the six months was £12,989,161, as compared with £12,547,337 for the same period last year; there being thus an increase of £44,824. The principal increases are: Under special Acts, £46,608; working railways, £317,996 (mostly due to increased wages and purchases of stores and material); Pensions Department, £27,503; Naval Defence, £26,872; Department of Education, £15,542; Department of Lands and Survey, £17,441; Electoral Department, £17,546; Department of Agriculture, £20,422. The principal decreases are: Post and Telegraph, £88,876; Industries and Commerce, £69,771. The excess of expenditure over income for the six months was £954,321, compared with £1,623,417 for the same period last year.