FINANCIAL STATEMENT BY THE HON. THE COLONIAL TREASURER.

Appendix to the Journals of the House of Representatives, 1872 Session I, B-02

B.—No. 2.

FINANCIAL STATEMENT BY THE HON. THE COLONIAL TREASURER.

IN COMMITTEE OE SUPPLY, 20th AUGUST, 1872. WELLINGTON. 1872.

B.—No. 2

Mr. O'Rorke — ~ -. , I have a more agreeable task this year than I had on the last occasion, for I have not to speak of deficiencies nor of impaired revenue; neither have I to ask the Committee to consider changes of policy and new proposals: indeed, I shall make a very tame, matter-of-fact statement, but for which I venture to ask the calm consideration of the Committee. I place before the Committee Tables showing the amount and position ot the Public Debt of the Colony to the latest possible date. A Statement of the Expenditure as compared with the Appropriations out of the Consolidated Eund, with the sum reserved, and the saving or excess on each vote and class. I submit, likewise, in a condensed form, a Balance Sheet, showing the Receipts and Disbursements of the year in each branch of the Public Account, with the balances in hand on the 30th June last. Other Statements, lettered B (2) and B (3), exhibit in a more detailed form the Receipt and Payment of. the Land Eund, and the operations on the several Trust Eund Accounts. In Table O will be found a detailed Statement of the Unauthorized Expenditure of the year. The Expenditure for Defence, as compared with the Appropriations, will be found in the next Table ; and the Disbursements of the Consolidated Eund, showing the local distribution of the expenditure, will be found in Table E. In this Table will be found, also, Summaries of the Colonial and Provincial Charges. _ The transactions with the Provinces under the Payments to Provinces Act, are epitomized in the Statement E ; and the usual summary of operations on the Public Account completes this scries of the Tables. The Revenue Statements commence with the Table 11, showing, under the several heads, the nature of the Ordinary Revenue, and the Provinces within which, or in respect of which, it was collected. A large amount of the Stamp Revenue, such as the composition paid by the Banks, the Stamps impressed for the Banks and others on cheques and drafts, and, to a great extent, the Stamp Duty payable by Incorporated Companies, is really collected at the Stamp Office in Wellington. The Table H (1) shows in detail the Revenue received from Stamp Duties. . The Statements II (2) to II (10) exhibit the sources and amount of the Customs Revenue, with comparative results of previous years, and the description, quantity, and value of the Imports and Exports of the Colony. I shall remark upon these Tables as I proceed. . I submit likewise a series of Statements showing the position occupied by INew Zealand, as compared with other Colonies of the Australasian Group. Those Statements will illustrate some observations I propose to make, as to the Population and Trade of the Australasian Colonies. THE TBAE 1870-71. When reviewing, last Session, the results of the year 1870-71, I led the Committee to understand that, on the close of the accounts of that year, there would be a deficiency of £76,912 os. 3d., which amount did not include the £00,000 overdraft, but did include provision for the Reserve Eund for outstanding engagements and liabilities of the year, as far as we could ascertain them, and for all unauthorized expenditure during the year. Commencing the past year, therefore with a deficiency, as I understood, of £76,912 6s. 3d., and with a Deficiency Bill'for the overdraft of £60,000, making together £136,912 6s. 3d, I proposed that £16,000 odd should be paid off during the year, and that the remainder,

Table A.

Table B.

Table B (1).

Table B (2). Table B (3). Table 0.

Table V. Tablo E.

Table P. Table G. Table H.

Table H (1). Tables H (2) to 11 (10).

Table J. Table J (1). Tables X and L.

Anticipated deficiency at commencement of 1871-72, £136,912 6s. 3d., including £60,000 Deficiency Bill.

FINANCIAL STATEMENT. By the Honorable Julius Vogel, 20th August, 1872.

B.—No. 2.

£90,000, should be represented by Treasury Bills, to be paid off, in equal instalments, during 1872-73 and 1873-71. lam happy to state that the actual results of 1870-71 showed a deficiency, including the £60,000, of only £122,928 ss. 9d., or £13,981 os. 6d. less than I had anticipated. It is not necessary for me now to explain upon what items this reduction in the anticipated expenditure arose. In making provision to cover all outstanding liabilities and engagements, it is well to err on the side of safety; and I will only add, that the principal saving arose in connection with the Reserve Eund, which was larger than the payments to be made under it really required. LOANS. Since the last Session, a further amount of public loan has been negotiated. Under "The Wellington Debts Act," five per cent, debentures to the amount of £66,000 were sold in Sydney, at a clear net premium of two per cent., which is, I believe, the highest amount yet obtained by public negotiation for any of the Colony's debentures unguaranteed by the Imperial Government. In addition to the £66,000, a sum of £9,000 has been taken by the Trust Eund Commissioners, on account of the Wellington Savings Bank, the business of which has been transferred to the Post Office Savings Bank; so that the total amount raised under " The Wellington Debts Act" is £75,000. Of the Immigration and Public Works Loan, a further amount of £850,000 has been negotiated, and of the Defence and Other Purposes Loan, a further amount of £150,000, making together £1,000,000. That amount has been negotiated by the Agent-General and Mr. Julyan, at the highly satisfactory rate of Is. 2d. nett premium, after deducting accruing interest on instalments of purchase money. Honorable Members will like to know the exact position of the Defence and Other Purposes Loan, and the Immigration and Public Works Loan —the amounts raised, the amounts expended, and the balance remaining for expenditure. Of the sum of £1,000,000 authorized under the Defence and Other Purposes Loan Act, there has been raised £635,600; but of this sum £150,000 forms part of the million raised in London in April last. Inclusive of the £150,000 newly negotiated, £600,000 has been raised in London, and £35,600 in the Colony. Of the sum so raised there has been expended, under Schedule 11. of the Act, the sum of £163,136 12s. Id., as follows :— Auckland— £ s. d. £ s. d. For payment to James Busby ... ... 19,898 12 6 Eor debt to New Zealand Government, under Loan Allocation Act Repeal Act ... 27,873 5 0 £47,771 17 6 Eor Discount and Charges ... ... 2,228 2 6 50,000 0 0 Tabanaki — For debt to New Zealand Government, under Loan Allocation Act Repeal Act ... 5,7.32 12 6 For Discount and Charges ... ... 267 7 6 6,000 0 0 Wellington— For debt to New Zealand Government, under Loan Allocation Act Repeal Act ... 1,180 19 5 For erection of Wanganui Bridge ... 15,000 0 0 16,180 19 5 For Discount and Charges ... ... 819 0 7 , 17,000 0 0 Otago— For debt due by Southland to New Zealand Government ... ... ... 21,323 8 4 For other debts due by Southland ... 27, 500 0 0 For redemption of Otago Dock Bonds ... 38,010 0 0 £86,833 8 4 For Discount and Charges ... ... 3,603 4 0 90,436 12 4 Total ... ... ... ... £163,436 12 4

Proposed that £46,000 should he paid out of revenue ; balance by Treasury Bills, to be paid off in 1872-73 and 1873-74. But actual deficiency only £122,928 ss. 9d.j or £13,984 os. 6d. less than anticipated. Principal saving connected with Eeserve Fund.

£66,000 Wellington Debts Act Debentures sold at 2 per cent, clear premium. And £9,000 taken by Trust Fund.

Immigration and Public Works Loan, £850,000 negotiated. Defence and Other Purposes Loan, £150,000.

Exact position of the two Loans.

Defence and Other Purposes Loan : Amount raised, £635,000.

Expenditure under Schedule 11. of Act, £163,436 12s. 4d.

4

FINANCIAL STATEMENT.

8.-No. 2.

Under Schedule I. of the Act, the expenditure for Defence purposes up to the 30th June last was £295,588 lis., as follows : —• £ s. d. On account of the year 1870-71 172,689 19 4 1871-72 ... ... 122,898 11 8 —the last item being exclusive of the balance of £23,792 17s. Id., reserved for Liabilities. To the total of these two sums —£295,588 lis. —must be added the sum of £18,327 Bs. Id. for discount and charges on this portion of the Loan; and we have thus a total expenditure of £313,916 2s. Id. for Defence, for the two years ended on the 30th June, 1872. The Total Expenditure under this Loan will therefore be, — Under Schedule 1 313,916 2 1 „ II 163,136 12 4 making together the sum of £177,352 lis. Bd., and leaving a balance of £158,217 ss. Id. available for expenditure, including liabilities. Of the Immigration and Public Works Loan, there has been raised in all £1,600,000. Of this sum, together with the amount of one moiety of the Stamp Duties—£37,29s 4s. lid.—making together £1,637,295 4s. lid. there had been expended up to the 30th June, £711,611 3s. 7d., as follows : — £ s. d. For Interest and Sinking Fund ... ... ... 29,198 1 9 ~ Departmental Expenses ... ... ... 24,648 16 3 „ Roads in North Island ... ... ... 120,475 8 9 „ Railways ... ... ... ... 241,470 18 3 „ Water Supply on Gold Fields ... ... ... 2,615 10 6 ~ Purchase of Land in North Island ... ... ... 49,662 5 6 „ Immigration ... ... ... ... 42,286 4 5 „ Telegraph ... ... ... ... 58,086 13 11 „ Development of Coal Mines ... ... ... 543 5 8 „ Payments to Provinces and Road Boards ... ... 100,000 0 0 „ Greymouth Protective Works ... ... ... 3,259 0 6 „ Discount and Charges ... ... ... ... 39,272 3 4 „ Refunds Stamp Duty ... ... ... ... 92 14 9 £711,611 3 7 Deducting the expenditure from the amounts raised, including the moiety of the Stamp Duties, there is a balance left of £925,681 Is. Id. This amount, and the balance of the Defence and Other Purposes Loan, make together £1,083,931 6s. Bd., represented as follows: — Cash —Immigration and Public Works Loan, — £ s. d. £ s. d. In London 850,000 0 0 In the Colony ... ... ... 40,666 7 0 Advances not accounted for ... ... ... 35,017 14 4 925,684 1 4 Cash —Defence and Other Purposes Loan, — In London ... ... ... 150,000 0 0 In the Colony ... ... ... 309 2 7 Advances hot accounted for ... ... ... 7,938 2 9 158,247 5 4 Total ... ... ... ... £1,083,931 6 8 I wish honorable Members, in studying the Loan Tables, to observe that provision is made for the payment during the year of £66,232 for Sinking Eund on the Colonial Loans, and for £10,660 ss. on the Provincial Loans. These payments represent the sum which the Colony and the Provinces provide for reducing their Public Debt. TRUST FUND. Erom observations I have occasionally heard made in this House, I am doubtful if honorable Members sufficiently appreciate the manner in which the Trust Funds are kept distinct from the ordinary assets of the State, and are prevented from being employed for purposes of expenditure. On the 30th June, there were £110,202 10s. lOd. to the credit of the various accounts in the Trust Eund, of which £387,590 17s. 6d. was invested, £50,515 12s. was in cash at the Bank, and^ £2,096 Is. Id. was under advance to public officers for Trust Eund purposes. 0 /n 2

Under Schedule 1., £295,588 14s.

Total for Defence, for two years, £313,916 2s. 4d.

Total Expenditure out of Loan, £477,352 14s. Bd. ; halance, £158,247 ss. 4d. Immigration and Public Works Loan : Amount raised, £1,600,000. Moiety of Stamp Duties, £37,295 4s. lid.

Expended to 30th June, £711,61135.7 d. Balance, £925,684 Is. 4d. Or, of the two Loans, £1,083,931 6s. Bd.

£66,232 and £40,660 55., Sinking Fund for year, provided.

■^•r joiiHt? &>' credit, 37oth .Tune, £440,2033 10a. lOd. How plaoed.

5

FINANCIAL STATEMENT.

B.—No. 2.

the 30th June, 1871, the balance was £313,581 2s. Id., so that the Eund increased during the year by £96,618 Bs. 6d. The Post Office Savings Banks balance increased from £294,877 19s. 9d. in 1871, to £365,891 15s. 9d. in 1872, showing an increase of £71,016 165., exclusive of interest. I may mention, as a proof of the desire to keep the Trust Eund perfectly intact, that I have during the past year had the accounts thoroughly examined, and caused, from the interest received on the Trust Eund securities, full payments to be made to cover all the accretions of interest due to the interest-bearing accounts in the Trust Eund. Moreover, strict conditions have been laid down in respect to keeping those interest-bearing accounts fully covered in the future for all accretions of interest and compound interest. I wish honorable Members to realize, that the Trust Eund is absolutely removed from the ordinary revenue and expenditure. REVENUE OF THE TEAR 1871-72. I now proceed to consider the past year. I will state the estimated and the actual revenue under the several heads, and will contrast the actual revenue of 1871-72 with that of 1870-71. Statement of the Actual Revenue of the Tear 1871-72 as compared with the Estimated Revenue, and also as compared with the Actual Revenue, of the preceding Tear.

Increase during year, £96,618 Bs. 6d. Post Office Savings Bank balance increased £71,016 16s.

All accrued interest covered.

Fund absolutely removed from ordinary revenue and expenditure.

Estimated Ordinary Bevenue, 1871-72, £990,000; actually received, £1,007,414 14s. 4d.

It will be seen, therefore, that there is an increase in the actual revenue of 1871-72 over that of 1870-71, of £71,226 Bs. 6d.; and an increase of £17,414 lis. Id. in the receipts of 1871-72 over the amount which I estimated would be received. These results—the increase upon the estimated revenue, and the still larger increase as compared with the receipts of 1870-71—cannot fail to be exceedingly gratifying to the Committee. The largest increase on the estimated revenue was that in the Customs Eevenue —£25,183 19s. 9d. Honorable Members will ask, How much of the increase is due to the new duties imposed last Session, and how much to the natural expansion of trade arising from the improved condition of the country ? The new duties really yielded more than double the amount they were estimated to yield; the estimate being £7,500, and the amount received, £15,077. Of that total, £6,442 was from the duties on flour and grain; and £8,635 from the increased duties on malt, hops, rice, soap, and timber. The result, as a whole, would have been better, if the receipts of revenue during the early part of the financial year had equaled those during the later part. Comparing each quarter with the corresponding period of the previous financial year, the figures stand thus : — 1871-72. 1870-71. September quarter ... ■ ... £183,722 ... £190,499 December „ ... ... 193,077 ... 187,752 March „ ... ... 196,283 ... 171,479 June „ ... ... 202,899 ... 183,570 • And here, perhaps, the Committee will allow me to refer briefly to the detailed statements II (2) to H (10). It will be seen, on reference to the first-named Table, that the increase of

Or, £17,414 14s. 4d. over estimate, and £71,226 Bs. 6d. over receipts, 1870-71.

Customs Revenue, increase over estimate, £25,183 19s. 9d.

New Customs Duties, estimated to yield £7,500; yielded £15,077.

6

PINANCIAL STATEMENT.

1871-72. Heads oe Receipt. 1870-71. Actual Revenue. Estimated. Actual. Customs —-Duties, Rents, Seizures, &c. Bonded Stores Fees, Marine Act, including Light Dues ... ,, Arms Act ,, Sundry Acts Stamp Duties Postal Telegraphic ... Judicial Fees and Fines Registration of Land „ Deeds ... „ Births, Deaths, and Marriages Fees on Issue of Crown Grants ... „ Miscellaneous Incidental Receipts £ s. d. 750,000 0 0 4,500 0 0 6,000 0 0 1,580 0 0 1,785 0 0 80,000 0 0 45,000 0 0 28,000 0 0 33,000 0 0 5,000 0 0 15,000 0 0 2,750 0 0 10,000 0 0 2,590 0 0 4,795 0 0 £ s. d. 775,183 19 9 4,078 16 7 5,942 13 1 1,721 11 6 1,784 3 6 74,630 10 1 47,054 18 3 28,471 6 7 28,519 3 10 4,539 17 11 14,789 8 6 2,860 6 6 6,620 18 8 2,645 18 3 8,571 1 4 £ s. d. 732,130 2 1 4,229 11 3 5,706 15 8 1,580 18 0 1,826 0 3 55,621 1 5 43,086 15 0 22,545 16 4 31,099 18 8 911 12 7 15,311 11 0 2,720 19 6 7,638 18 6 2,222 1 2 9,556 4 5 Totals 990,000 0 0 1,007,414 14 4 936,188 5 10

B.—No. 2.

£71,226 Bs. 6d., shown in the Revenue as a whole over the actual revenue of the year preceding, is mainly derived from the augmentation of the item Customs — the amount of increase on which is, in round numbers, £12,600. The Statements of Imports and Exports, Tables II (4) and II _ (5) show that the value of the Exports for the year exceeds that of the previous year's Exports by £1,181,416 ; whilst the Imports of the year show an increase in value over those of 1870-71, of £427,617. The Tables II (7) and 11 (8) show the Exports of Gold, and the Tables II (9) and II (10) the Exports of Elax and Wool, during the year. The value of the Gold exported shows an increase of about £135,000 over the export of the preceding year; while the Returns for the half-year of the value of Flax exported, seem to promise a slight increase over the exports of the preceding year in that commodity. The Export of Wool shows a satisfactory increase, the quantity exported during 1871-72 being 10,691,2351b. as against 37,038,7631b. for the preceding year. The larger quantity of Wool produced is no doubt a pleasing evidence, among many other proofs, of the advancing prosperity of the Colony ; but we have the additional satisfaction of knowing that it has likewise attained an improved value. It has been estimated that the increased price obtained for Wool has augmented the income of the Colony by over three-quarters of a million sterling, and it is probable that the beneficial effect upon the Revenue from this cause has not yet been fully felt. Turning again to the Revenue Returns of the year, we find a small decrease of £400 in the duty on Bonded Stores. The next noticeable item is that of Stamp Duties, which yielded £5,369 less than the £80,000 estimated. Honorable Members will recollect that when, last Session, I found that the feeling of the Committee was opposed to the imposition of Stamp Duties upon mortgages and bills of sale, I endeavoured to make up for the loss which striking out those items would occasion, by proposing a 2d. stamp instead of Id. on receipts and cheques, but that I did not declare myself sanguine as to the result. It turns out that the Stamp Duties as a whole yielded, as I have stated, over £5,000 less than was estimated; and I may add that those duties have each year since they were imposed in this Colony produced less than was anticipated. I shall have again to refer to the Stamp Duties before I conclude. It is gratifying to notice that the Postal Revenue shows an increase of £2,000 upon the estimate, and the Telegraph Revenue of £170. The latter sum would have been larger, had it been possible to open some of the new stations at an earlier date. It was only on the 12th of April, that the Auckland station was opened for other than local messages. The effect of connecting Auckland telegraphically with the rest of the Colony, was immediately to increase the revenue of the Department. I have next to" notice a deficiency : Judicial Eees and Eines show a decrease of £4,180, as compared with the estimate. The only other item to which I think it necessary to call attention is that of Eees on tho Issue of Crown Grants, in which there is a deficiency of £3,379, as compared with the estimate. This, again, is an item which from some cause is very disappointing; for at the beginning of each of the last two years, I have been led to "expect a much larger sum than has been actually received. The several deficiencies are, however, more than counterbalanced by the increases; and, as already stated, the revenue for the year shows an excess of £17,114 14s. Id. over the estimate, and an increase of £71,226 Bs. 6d. as compared with the receipts during 1870-71. The ordinary revenue of the year was £1,007,411 Us. 4d. ; to which has to be added—Credits to Votes, £1,819 16s. 2d.; Treasury Bills, £90,000; Deficiency Bills, £100,000 : making a total of £1,199,261 10s. 6d., received up to the 30th June, 1872. But besides the actual receipts, there are assets yet to come in for credit of the year 1871-72 as follow : —Recoverable from Provinces, £31,277 18s. 4d.; from Confiscated Lands, £13,650 16s. lid. ; from Defence Loan and other sources, £14,383 12s. 9d; and from Reserve Account, £314 6s. Id. Those assets amount in the whole to £62,626 lis. Id., and added to the actual receipts of the year, they make up the total of those receipts and assets to the sum of £1,261,891 Is. 7d. I think I may claim that the Revenue receipts, and

Customs increase over 1870-71, £42,600. Exports, £1,181,416 increase. Imports, £427,617 increase.

Gold, increase, £135,000.

Flax,increased.

Wool, increase, 3,652,4721b.

Increased price, equal to £750,000.

Stamps, £5,369 less than estimate.

Postal Revenue, £2,000 increase; Telegraph Revenue, £470 increase.

Judicial Eees. and Fines, £4,480 less than estimate. Crown Grant Fees, £3,379 less.

Total for 1871-72, received up to 30th June, £1,199,264 10s. 6d.

Or, with assets added, £1,261,891 4s. 7d.

7

FINANCIAL STATEMENT.

B.—No. 2.

the Tables to which I have alluded, show a revival of prosperity in the ColonyWe all know the good effect the increase in the value of wool has had. Most of us, too, are aware that the industry of Gold Mining is much improving. Not only has the total yield of gold increased, but the area of proved auriferous land is constantly being extended. Other signs of prosperity are not wanting. The Land Revenue "is very much increasing. Whether or not it is desirable to encourage the sale of large blocks of land, the fact that purchases are made is an indication of a desire to invest in the country. Again, there is a disposition in all parts of the Colony to build, not only dwelling-houses, but premises for business and manufacturing purposes. An inclination is being shown to enter into manufacturing pursuits. Attention is being devoted to the preservation of articles of food; to the manufacture, amongst other things, of woollens and blankets; of rope, by improved machinery; of agricultural implements; of glass, paper, and blasting-powder. There is, I think, room for a much larger manufacturing enterprise than at present exists: still, it is satisfactory to note progress in the right direction. In respect to Agriculture, lam under the impression that the State does not know as much of what is really being done, or give such assistance, as it ought. It is, however, eminently gratifying to notice from Table L, that during the five years ending 1871 there was a continuous increase in the value, per head of the population, of agricultural produce exported. EXPENDITURE FOR THE TEAR 1871-72. The expenditure during the year for Colonial Charges was, according to the appropriations, £565,637 6s. 3d.; besides which, £185,037 was paid for interest and sinking fund upon Provincial loans, which amount I need not refer to further than to say that it is recoverable from the Provinces. The supplementary expenditure upon Colonial account amounted to £35,818 Is., being a few thousand pounds less than the amount authorized by law. The two items make, together, £601,155 7s. 3d., expended on account of Colonial Charges; to which has to be added, £200,611125. 6d. for Provincial Capitation Allowance; and £31,830 7s. lid. for excess of payments to the Provinces, or, in other words, in excess of charges on the monthly accounts. There is, further, the £60,000 Deficiency Bill paid off, which, as I have already explained, was part of the liabilities of the past year. Then there must be added, £62,928 ss. 9d., the amount of liabilities from 1870-71, which remained at the beginning of 1871-72. There is an amount of £20,295 6s. 6d., a payment to the Special Eund, which, indeed, ought to have been considered one of the liabilities of the previous year. We must add, also, to the expenditure account, one-half the amount of the Stamp Duties, £37,295 Is. lid., paid to the Public Works Eund. Those several sums make a total of £1,011,119 4s. lOd. Now, as to the liabilities which we may estimate as belonging to the year 1871-72, although they could not be paid before the year's end. There were liabilities on account of Interest payable in Sydney on the Ist July, and Interest and Sinking Eund payable in London on the 15th July, amounting to £109,369 14s. Id.; on account of Reserve Eund, £11,510 2s. 5d.; for Miscellaneous Services, £13,000, of which £5,000 is payable to New South Wales in settlement of the old Panama Service accounts; for Deficiency Bills, £100,000. Those items together make a total of £236,909 16s. 6d. Adding the liabilities to the amount of expenditure as stated, and to the deficiency with which we commenced the year, Aye have a total of expenditure and liabilities of £1,251,329 Is. 4d., which deducted from the total of the revenue, £1,261,891 4s. 7d., leaves a balance of £10,562 3s. 3d., with which to commence the piesent year. I will briefly trace out the same result from a comparison of the liabilities with the assets, at the commencement of the Financial Year. As I have stated, the liabilities were—lnterest and Sinking Eund, £109,369 lis. Id.; Miscellaneous Engagements, £13,000 ; Reserve Eund, £11,510 2s. 5d.; Deficiency Bills, £100,000; amounting in all to £236,909 16s. 6d. On the other hand, we had, at the end of the financial year—Cash, £92,896 Is. 9d.; Advances repayable to the Consolidated Revenue, £91,919 3s. lid.; recoverable from Provinces, £31,277 18s. 4d.; recoverable from Confiscated Lands Account, £13,650 16s. lid.; recoverable from various funds, £14,383 12s. 9d.; and Reserve Account, £311 6s. id.

Evidences of renewed prosperity.

Expenditure, according to appropriations, £565,637 6s. 3d.;

Total on Colonial Charges, £601,455 7s. 3d.; Capitation Allowance to Provinces, £200,614 12s. 6d.;

Expenditure during year, and liabilities from 1870-71, £1,014,419 4s. lOd.

Add liabilities of 1871-72, not paid, before end of year, £236,909 16s. 6d., and deficiency at starting —Total, £1,251,329 Is. 4d.; Or, balance of £10,562 3s. 3d. to commence present year. Same balance, by deducting liabilities from assets.

8

FINANCIAL STATEMENT.

B.—No. 2.

There are thus assets amounting to £217,171 19s. 9d., against liabilities amounting to £236,909 16s. 6d., showing the same balance, £10,562 3s. 3d., as before stated. Honorable Members will have observed that the full amount of Deficiency Bills authorized by law has been issued ; but I wish to mention that £60,000 of the amount is a merely nominal overdraft at the Bank, not bearing interest while (as is always the case) there are balances at the Bank from other funds to represent it. £10,000 has been taken up by the Trust Eund. Some objection was made last year to the Government asking for such an amount as £100,000 in the shape of Deficiency Bills ; but if honorable Members will be good enough to examine the various assets I have mentioned, they will see that the greater part of those bills is represented by advances outstanding from the Consolidated Eund. The full amount is represented and provided for in the assets; and when the bills fall due, in September, it may be found convenient to pay off a part or the whole of them. Honorable Members, I hope, clearly understand that after repaying those Deficiency Bills —after providing for the unauthorized expenditure of last year, and all the expenditure that has taken place for that year —after providing for the Reserve Eund, and for all the liabilities and engagements known to the Treasury —after having, in fact, paid or provided for interest and sinking fund in London up to the 15th July, or fifteen days beyond the end of the financial year —there still remained a balance of £10,562 3s. 3d. with which to commence 1872-73. THE PUBLIC ACCOUNTS. I am glad to be able to fulfil the promise made last Session, that an Amended Public Revenues Act should be introduced. During the time the present Government have been in office, and indeed from an earlier period, there have been constant discussions in the House upon the system of keeping the Public Accounts, and the systems of Control and Audit. Near the close of last Session, I read to the House, with the consent of the Committee on Public Accounts, a Memorandum I had submitted to that Committee, in which I stated the objects I considered it was necessary to secure in order to obtain anything like a satisfactory condition of affairs. The chief of those objects I stated to be, to secure a pre-audit. It has been my duty to point out, on several occasions, that under the existing system of audit there was no practical control over the expenditure; that the Controller-General's duty ceased when he had passed money to the account of the Paymaster-General; and that the custom had grown up of the Paymaster-General obtaining, by requisition, large sums from the Controller-General, with very little reference to the actual purposes to which they were devoted under instructions from the Colonial Treasurer. The Bill which I shall have the honor to introduce is not a long one ; but honorable Members may accept my assurance that it represents a large amount of trouble, and especially a very great deal of negotiation. The measure has received the cordial concurrence of the various branches of the Public Service which will be concerned in its administration. It has been ably drawn by the Controller-General; it is, I think I may say, in its general features, approved of by the Auditor-General, who has most willingly responded to my frequent requests for his valuable advice on the system of public accounts, and from which advice I have gained much assistance; and I believe I may add, that it has also the approval of the officers of the Treasury. The Bill, will really effect a revolution in the system of Public Accounts. Under it, the Controller-General and the AuditorGeneral will be associated as Commissioners of Audit. That is a union with which I believe honorable Members will be satisfied, and as to which the two officers concerned entirely agree. The Paymaster-General's Account will be abolished. Indeed, the use of that account has to a great extent been dispensed with since the Ist July, through the Auditor-General and Controller-General having co-operated with the Treasury, so as partially to initiate the new system. Since the Ist July, the Controller-General, instead of issuing orders on the Bank for the transfer of lar^e sums to the account of the Paymaster-General, under different votes, has issued orders for such amounts only as were required to be immediately paid away. The schedules of the amounts for payment have been approved and initialed by the Auditor-General; and the requisition on the Controller-General has exactly agreed with the amounts to be paid: so that, in effect, departmentally, we have 3

Deficiency Bills.

Public Eevenue Act Amendment Bill: Chief object to secure Pre-audit.

Bill drawn by Controller-General; approved by AuditorGeneral.

Those officers will become Commissioners of Audit.

Paymaster-General's Account abolished

9

FINANCIAL STATEMENT.

B.—No. 2.

arrived, to some extent, at the new .system. I say, "to some extent," because what we are now doing involves something more than the proposed system. It involves a pre-audit by the Controller-General and by the Auditor-General, and therefore an unnecessary repetition of the same duty. To return to the Bill: —The Paymaster-General's account is to be abolished. All payments will be made directly out of the Public Account; but no payments will be made except for claims checked and approved by one of the Commissioners of Audit, not only as regards correctness of computation, but as to the several amounts being rightly charged against specified votes, and as to there being sufficient amounts of such votes unexpended, and sufficient moneys in the proper branch of the Public Account to meet the proposed payments. Those honorable Members who are familiar with the prevailing system of accounts, will be aware that any proposal which does not deal with the question of advances must be imperfect. If the system of advances were allowed to continue unchecked, all that could be done in the way of pre-audit would be useless; because, out of the amounts advanced, considerable expenditure might go on : in fact, to a greater or less degree, the old evils would continue. We propose by the Bill to limit the total amount of advances; and to provide that each advance obtained shall be issued with the concurrence of the Commissioners of Audit, and that, as far as is possible, the amount of each advance shall be charged to the vote against which the expenditure will ultimately have to be charged. But since that course cannot always be taken, the new system will admit, in certain cases, of advances being made for miscellaneous purposes. The total amount of advances is to be limited; and if the Treasury should at any time desire to exceed that limit, the Commissioners of Audit will be able to intervene, and to require that a sufficient amount of outstanding advances shall be accounted for, to keep the total within the statutory limit. It is also intended, by the Bill, to make it the duty of every officer who is under advance to send in, each Monday morning, a return of the previous week's expenditure. I will not dwell further upon the subject, than to say that although the new system will impose upon the Treasury an amount of check to which it has not hitherto been subject, it is a system to which the Treasury will properly, and I believe speedily, learn to accustom itself; and that it will answer the double purpose of securing to Parliament the fullest authority over expenditure, and of enabling the accounts to be made up much more promptly than they have yet been. After the experience of a year, I think it will be desirable to consolidate the new Act with the Acts already existing, so as to concentrate into one measure the whole of the legislation relating to the Public Accounts. NEW ZEALAND COMPARED "WITH OTHER COUNTRIES. I desire to direct the attention of the Committee to a few comparative statistics which I have had prepared. They were compiled in accordance with my directions; and I will admit that those directions were given in consequence of the detraction to which the Colony has been subjected by a section of the Colonial Press. It is my practice to read most of the newspapers published in the Colony, and I observed that some of them persistently asserted, in issue after issue, that the state of New Zealand was such as reasonably to excite the gravest alarm —to describe mildly the sort of criticism employed. It is true that those gloomy statements were made by that section of the press which opposed the present Government, and that, more or less, it was attempted to ascribe the alleged misfortunes to the Government. Still it was incredible that party spirit should go so far as to attempt to decry and prejudice that which all parties ought to have at heart, however various their opinions as to the mode of attaining the result —the well-being of the Colony. I thought it desirable to ascertain, by comparisons with other countries and colonies, whether this Colony was really in the unfortunate position those critics loved to describe. Broadly, the statements were to the effect that the Colony was in great financial difficulties; that it was governed at an extravagant expense; that its taxation was crushingly burdensome; and, generally, that its inhabitants were very unfortunate people. I think the whole facts of the Budget are a disproof of the existence of any financial difficulties calculated to create the slightest apprehension. That the Colony has passed through a period of some depression is of course undeniable; but the difficulties entailed by that depression

All payments direct out of Public Account.

Accounts to bo checked by a Commissioner; and correctness of charge against votes to be certified.

Advances to be limited;

And weeily returns of expenditure out of advances, to be made.

Gloomy statements and predictions by Opposition newspapers.

No financial difficulties to cause apprehension.

10

FINANCIAL STATEMENT.

B — No. 2.

have not been of a more serious nature than might have been anticipated. At the commencement of the last financial year, there was a considerable deficiency. It was agreed that the charge of the deficiency should be divided over three years. Last year redeemed the share allotted to it. I have proposed that ample provision should be made to redeem the portion belonging to this year, so that in effect two-thirds of the deficiency may be said to be provided for; and I feel sanguine that the third year will duly complete the arrangement. It is true that, besides this deficiency, there are Treasury Bills out for services which, more or less, according to the principles which different persons may choose to lay down, might be considered as belonging to current expenditure. Eor example, some decline to consider the Defence expenditure abnormal; whilst others, with equal strength of conviction, consider that to make the whole Defence expenditure a drain upon the annual resources of the people, would be to entail on them an unnecessary burden, one which would not even be favourable to posterity, since it would prevent the existing generation from advancing the country as much as it might be advanced. But, putting aside all those conflicts of opinion upon the peculiar condition of New Zealand, I find, when I turn to a neighbouring Colony, New South Wales, that, without any very exceptional circumstances, the deficit of that Colony, inclusive of £381,000 Treasury Bills, amounts.to £825,000. No alarm exists on account of this fact. Every one clearly understands what it means. There is no wealthier community in the world than that of New South Wales, and, if it was thought necessary, the whole amount might be cleared off by immediate taxation. But they purposely leave it to float for a while, so that they may take time to consider whether they shall repay the whole or part of it out of excesses of current revenue, or whether they shall constitute the whole or part of it a permanent debt. There are several ways in which it is interesting to compare the conditions prevailing in New Zealand to those in other countries. I will state to the Committee the result of some investigations I have had made, leaving it to honorable Members to form their own conclusions. It is to be noticed, that comparative statistics create in different minds widely varying impressions. A comparison of the taxation of the United Kingdom with that of New Zealand is instructive. Owing to the want of the necessary returns, there has been great difficulty in compiling the results up to the exact dates desired. The particulars to which I will first ask the attention of the Committee, are taken from the Report of the Commissioners of Inland Revenue, dated February, 1870, and from the 11th Report of the Commissioners of Her Majesty's Customs. The period to which the figures relate is the English financial year, ending 31st March, 1869. The population of the United Kingdom is for the middle of 1869, according to the estimate furnished by the RegistrarGeneral. The returns of revenue for New Zealand, for purposes of comparison, have been compiled for the same period as those of the United Kingdom ; and the population of the Colony has in like manner been estimated from the RegistrarGeneral's returns for the middle of that period. The Native population —estimated by the Native Office at 36,000 —has been included, because the Natives probably contribute as much per head as the Europeans do to the Customs Revenue. For the year ending 31st March, 1869, there was collected in the United Kingdom — Rate per head on Population of 30,403,000. £ £ s. d. Customs ... ... ... ... ... 23,921,716 ... 0 15 7* Excise ... ... ... ... ... ... 20,450,386 ... 0 13 <H Stamps... ... ... ... ... ... 9,227,906 ... 0 6 0* Land and Assessed Taxes* ... ... ... 3,484,166 ... 0 2 SiIncome Tax ... ... ... ... ... 8,623,507 ... 0 5 7^£65,707,681 ... £2 2 10* * Those Taxes were as follow:— £ £ Land Tax ... ... ... ... 1,117,590 Horse Dealers ... ... ... ... 16,133 Inhabited Houses... ... ... ... 1,131,349 Hair Powder ... ... ... ... 975 Servants ... ... ... ... 1133,533 Armorial Bearings ... ... ... 68,787 Carriages ... ... ... ... 408,604 Additional 10 per cent., per Act 3 Vict. cap. 17 ... 1,613 Horses ... ... ... ... 435,574 Dogs ... ... ... ... ... 70,008 £3,484,166

Deficiency from 1870-71 being cleared off as proposed last Session.

New South Wales Deficit.

Taxation of the United Kingdom and New Zealand compared.

Great Britain, £2 20, 10jd. per head of population.

11

FINANCIAL STATEMENT.

B.—No. 2.

The collections in New Zealand, for the same period, were — Hate per head on Population of 261,889. £ s. d. £ s. d. Customs ... ... ... ... ... 788,590 6 2 ... 3 0 2|Stamps ... ... ... ... ... 58,791 16 4 ... 0 4 5f £847,382 2 6 ... £3 4 8| Taxes collected by Provinces ... ... ... 65,218 311 ... 0 4 11|£912,600 6 5 ... £3 9 8 The taxes collected by Erovinces are included, because similar items appear among the taxes collected by the Commissioners of Inland Revenue in the United Kingdom. I wish honorable Members to remember, when they come to consider these figures, how comparatively small a proportion of the revenue of Great Britain is derived from the Customs, as compared with the amount derived in New Zealand. The Excise Duties in the United Kingdom include taxes on hackney carriages, stage coaches, and railways, and also various License Eees, besides the duty on such articles as spirits and malt.* Stamp Duties in the United Kingdom represent an average of 6s. per head of the population, or nearly 50 per cent, per head more than is raised by such duties in New Zealand; although, in considering the average we must not overlook the fact that not only is the adult able-bodied population in larger proportion to the whole in New Zealand than in the United Kingdom, nor the fact that, out of the total population of Great Britain a considerable deduction ought to be made on account of a class that is not only helpless in itself, but is absolutely a tax upon the rest of the community—l allude to the pauper class. A comparison of the quantities of spirits, tobacco, and other high-duty goods consumed per head of the population in the United Kingdom and in New Zealand, shows in a very marked manner the wealthier condition of the bulk of the people here, as compared with those of the Home country :— In the United In New Kingdom. Zealand. Spirits ... ... ... ... -959 gall. ... 2'l gall. Tobacco . ... ... ... 1-36 lb. ... 26 lb. Wine ... ... ... ... -494 gall. ... -6 gall. Tea ... ... ... ... 3-48 lb. ... 71 lb. Coffee ... ... ... ... -950 Ib. ... 21-lb. Sugar ... ... ... .. : 46' lb. ... 676 lb. Although the Customs Duties of New Zealand are considered high, they do not yield a much larger amount than would be raised under the Imperial Customs Tariff. The comparison stands thus : —■ Amount that would Customs Duties haye been raised raised. under the Imperial Tariff: £ £ 1869 ... 823,507 ... 643,635 If we consider the proportion which in Great Britain the Customs Duties bear to the whole amount of taxation, we shall see that if in New Zealand we * Eor the year under consideration, the Excise Duties were as follow: — Net Keceipts, Year ended 31st March, 1869. Spirits ... ... ... ... ... ' ... £10,556,219 Malt ... ... ... ... ... ... 6,527,708 Hackney Carriages ... ... ... ... ... 99,031 Stage Carriages ... ... ... ... ... 30,480 Eailways ... ... ... ... ... ... 499,297 Licenses ... ... ... ... ... ... 2,636,206 Eace Horses ... ... ... ... ... 9,748 Chicory ... ... ... ... ... ... 15,910 Sugar (Home-made) ... ■ ... ... ... ... 6,340 Sugar (used in brewing) ... ... ... ... 63,447 £20,450,386

New Zealand (including taxes by Pro- j Tinces), £3 9a. BAS per head.

Small proportion of taxation of Great Britain derived from Customs.

Stamps, 50 per cent, more per head than in New Zealand.

Comparative consumption per head of spirits, wine, tobacco, tea, coffee, and sugar.

What English Customs Tariff Rates would yield in New Zealand.

12

FINANCIAL STATEMENT.

B.— So. 2.

were living under the Imperial system of taxation, we should be paying a larger amount than we now pay. In short, I desire to bring honorable Members to the conclusion, that the ordinary and popular mode of ascertaining the burdens of a people, by estimating the amount per head of taxation raised from them, is by no means a safe mode of procedure. Indeed, it is a deceptive one, when viewed by the light of the fact that it frequently happens —I do not say it happens always — that the larger the amount a people are able to pay for imports, the greater may be the prosperity prevailing among that people. If we accept it is a fact that according to the English Tariff rates the Customs Revenue of New Zealand would have yielded, during 1869, the amount which I have stated, and if we estimate what would have been the total revenue of New Zealand if the total had been in the proportion which the Customs Revenue of the United Kingdom, including the Excise Duties on Spirits, bears to the total revenue of the country, we shall find that, for 1869, the revenue of the Colony would have been £1,226,632, as against £894,127, the sum actually received, showing a difference of £332,505. If we consider, further, the Local Taxation of the United Kingdom—which, during a late debate in the House of Commons, on a motion by Sir Massey Lopes, was stated to amount to £36,000,000 —we shall see that the Local Taxation amounts to over 50 per cent, of the general taxation of the country, whilst in New Zealand the local taxation is in much smaller proportion. When I hear people talk of the way in which New Zealand is tax-ridden, and of the comparative exemption from taxation in Great Britain, I am inclined to say to them, "If you would only consent to a like taxation, the Colony would be plentifully provided with revenue." The true secret of the apparent heavy amount of taxation per head in the Colony, is to be found in the fact that the rate per head of the value of imports and exports is considerably higher than it is in the United Kingdom. I find that the total value of imports into the United Kingdom during 1869, was at the rate of £9 14s. 4d. per head ; and that the value of exports of the produce and manufactures of the United Kingdom, and of Foreign and Colonial merchandise, was at the rate of £7 16s. per head. But the imports into New Zealand during the same year equaled £18 4s. 2d. per head, the Native population included, and the exports equaled £15 9s. 2d. per head. I ask honorable Members to recollect that our imports represent not merely consumable and perishable goods (such as food, clothing, &c), but articles of lasting value, such as furniture, and materials and means for the increase of wealth by reproduction, such as building materials, machinery, &c. I have had prepared an analysis of the imports for the five years ending 1871; and the results are these : — Total Value of Value of Consumable Value of NonImports. Articles. consumable Articles. 1867 ... 5,344,607 ... 4,178,515 ... 1,166,092 1868 ... 4,9,85,748 ... 3,719,648 ... 1,266,100 1869 ... 4.976,126 ... 3,901,378 ... 1,074,748 1870 ... 4,639,015 ... 3,479,805 ... 1,159,210 1871 ... 4,078,193 ... 3,081,525 ... 996,668 £24,023,689 ... £18,360,871 ... £5,662,818 Those gentlemen who are in the habit of deploring the miserable and impoverished state of New Zealand, should be happy to learn that during the five years specified £5,662,000 worth of non-consumable articles —articles of more or less permanent value, and more or less means of increasing the wealth of the country —were included amongst the imports. By another return which I have had prepared, I find that during the year ending Ist April, 1872, the value of imports into Great Britain, less the value of those re-exported, represented £8 3s. Bf-d. per head of the population ; whilst the imports into New Zealand during the same year, less those exported, represented £15 6s. 7-|cl. per head. The British produce exported from Great Britain in the year ending Ist April, 1872, was £6 6s. 3-|fi. per head; while the value of New Zealand produce exported from the Colony during that year, was £17 16s. 1-Jd. per head. Further, I find that, for the year mentioned, the Eost Office revenue in Great Britain was equal to 2s. ll|-d. per head, as against 3s. 4Jd, per head in New Zealand; and the Telegraph revenue was sfd. against Is. 9d. per head. 4

Eate per head not a safe method of estimating burden of taxation.

Eate per head of Imports and Exports in Great Britain and New Zealand.

Proportion of value of Imports which represents increase of wealth of the Colony.

£5,662,818 of nonconsumable articles in fiye years.

Exports and Imports, per head of population, for Great Britain and New Zealand.

13

FINANCIAL STATEMENT.

B.—No. 2.

A return for 1861, the latest received, shows that in England and "Wales the proportion of males between 16 and 65 years of age to the whole population was 288 per cent.; whilst in New Zealand in 1871, the proportion was 3794 per cent. I have not forgotten that interesting comparisons may be made between this and the neighbouring Colonies. One such return, for 1871, shows the cental proportions of the respective populations at various ages. In New Zealand, the per centage of persons between the useful ages of 21 and 40 was 38 T against, for the same ages, 29-8 in New South Wales, and 29-0 in Victoria. Perhaps a still more interesting table is one showing the centesimal rate of increase of the population at stated ages, in each of the three Colonies. Taking the ten years ending 1871, New Zealand shows an increase of 165T4 per cent, as against 46-09 in IMew South Wales, and 3634 in Victoria. As regards the same ages already referred to, between 21 and 40 years, the increase in New Zealand during the ten years was 162 per cent, as against 38 per cent, in New South Wales, and —astonishing to relate —a decrease of 10-72 in Victoria. lam not altogether unaware that it may be alleged that the returns of the ages of both sexes of the population are somewhat unreliable, owing to the constitutional tendency of the fair sex to imperfect memory on the subject, when the Census Collector impertinently asks for information. But honorable Members will observe that the ages referred to are those between 21 and 40; and it is only after the age of 21 that the female mind, in computing age, refuses to believe that twelve months constitute a year. When the exports of the three Colonies are compared, the result is exceedingly favourable to New Zealand. Substantially the whole of our exports are the produce of the Colony, whilst a considerable amount of the exports of the Australian Colonies consists of the produce and manufactures of Great Britain and of other countries. Thus, Victoria's total exports during 1870 represented a value of £12,470,014, of which more than one-fourth (£3,366,691) was represented by the produce and manufactures of other countries, leaving £9,103,323 as the value of Victorian produce and manufactures exported. The exports from New Zealand during the same year were to the value of £4,822,756, of which only about oneseventeenth (£278,226) was represented by produce and manufactures of other countries. Taking the average of the years from 1866 to 1870 inclusive, the rates per head of imports and exports (excluding articles re-exported) were : — Imports. Exports. Victoria ... £14 4s. Bd. ... £14 10s. 7d. New South Wales ... £12 9s. sd. ... £12 16s. 7d. New Zealand ... £21 16s. 4d. ... £19 2s. 3d. Or, if the Native population be added, the rates in New Zealand will be—lmports, £18 14s. lid.; and exports £16 Bs. 4d. per head. The rate per head of exports is still more striking in the case of the leading products of the several Colonies. Thus, taking again the average of five years (1867 to 1871), New Zealand exported Gold to the amount of £10 Bs. lOd. per head of the European population, against £7 19s. lOd. from Victoria, and 10s. from New South Wales. The value of the Wool export of New Zealand amounted to £6 9s. lOd. per head, while that of Victoria was £5 7s. 5d., and of New South Wales, £4 19s. 9d. per head; and the value of the Agricultural produce and Timber exported from New Zealand was equal to 13s. Id. per head, that of Victoria being 3s. 4d., and of New South Wales, 10s. 6d. per head. For New Zealand, a further sum of 4s. Id. per head, Natives included, must be added for Flax exported, the value of which article of export has increased from £4,256 in 1867, to £90,611 in 1871. I have been curious to learn what amount would have been raised as Customs Revenue in this Colony, supposing the Victorian Tariff had been in force. That Tariff, as honorable Members will recollect, whilst it comprises a number of duties much less heavy than those of New Zealand, comprises also ad valorem duties much heavier than the measurement duties in this Colony. The result is— supposing the imposition of ad valorem duties would not have had the effect of making the stated value of imports less than that which has been made on the entries under our system —that during 1871, £781,349 would have been raised as

Population: Eelative proportions of adult males. Table J.

Population: Centesimal increase, New Zealand, New South Wales, Victoria. Table J (1).

Exports, 1870: Victoria and New Zealand.

Exports and Imports, 1866 to 1870 : Eate per head, Victoria, New South Wales, New Zealand. Table K.

Comparison of Staple Articles of Export. Table L.

Amount that would have been raised in New Zealand, during 1871, under the Victorian Customs Tariff.

14

FINANCIAL STATEMENT.

B.—No. 2.

Customs Revenue, had the Victorian Tariff been in force, as against £731,883 actually received. That, I think, disposes of the allegation of the heavier rate of our taxation as compared with the similar taxation of Victoria. When we recollect that this Colony has had to incur an enormous exceptional expenditure on account of the peculiar position of the Native question —an expenditure which, from first to last, I estimate at something like £5,000,000 in addition to the expenditure which would have been required in the case of a Colony like Victoria —I think we must conclude that our natural resources are sueh — whether we look to the rate of increase in our population, to the value of our exports and imports, or to any other material sign of progress —as must lead us to the conviction that New Zealand is by no means the poor and overburdened country its detractors would have us believe. There is a favourite old anecdote of an Irish settler in the United States, who went to a store and asked the price of an article. "A dollar," he was told. "A dollar!" he exclaimed; " why, I'd have bought the same in Ireland for sixpence or less." But he pulled out a handful of coin, and added, " Never mind, I have the dollars here, while I hadn't the sixpence in Ireland." So, I ask honourable Members to recollect, when they are disposed to listen to adverse criticisms concerning this Colony, that in New Zealand poverty is a rare exception—that the labourer here is more or less comfortably housed —that it is not necessary for him to force his children to work from the earliest age, but that he can, if so minded, find for them the means of education —that he can have animal food daily, whilst there are in the mother country hundreds of thousands of adults who know not the taste of animal food for months together. It is alleged that the cost of Government in New Zealand is superlatively heavy. Of course, it may be accepted as a fact, generally, that the smaller the population the greater the cost per head of Government is likely to be. But I deny that New Zealand is an expensively governed country, considering the vast diffusion of the machinery of Government which really exists. The advantages of Government, in some form, are brought home to every little centre of population throughout the Colony. While in a larger country, the convenience of 100,000 or 200,000 people would only to a certain extent be defe_red to, here it is customary to specially defer to the convenience of a few scores or a few hundreds of people. For example, there are few large cities in Europe in which mails would be delivered outside the usual hours; but in New Zealand there is hardly a village comprising 100 people that does not, as a matter of course, request and receive something beyond ordinary consideration in the delivery of mails, no matter at what hour they arrive. The same remark applies to other official facilities ; and, indeed, the smallest aggregations of population in the Colony, in the most out-of-the-way places, ask for the conveniences that in older countries are only expected by large communities. Honorable Members will allow me to make a comparison between the cost of Government in New Zealand and Victoria. Taking the calendar year 1871,1 find that the Colonial expenditure in New Zealand, exclusive of interest and sinking fund on account of the public debt, amounted to £591,715 15s. 6cl. ; and that the expenditure of the Provincial Governments for Civil Service, including Education, Police, Gaols, Harbours, and Miscellaneous, but excluding Public Works, amounted to £251,196 12s. Id. ; making together, £816,212 7s. 7d. In Victoria, for 1870 (the latest returns to hand), the Departmental expenditure was £2,195,708 ; from which I deduct £1,080,519 for various purposes not included in the stated expenditure in this Colony. There is thus left, £1,115,189 as the nett cost of Government in Victoria, against £816,212 7s. 7d. for the cost of Government in New Zealand, including, be it remembered, the Provincial Governments. Of course, I shall be told that notwithstanding the large total excess, the cost per head of population was less in Victoria; and I am bound to admit, seeing that "Victoria's population is nearly three times as numerous as ours, that such is the case. On the other hand, I submit that, continuing our present system of Government, with a population three times as large as we have now, we should not reach the sum which I have mentioned as the cost of Government in Victoria. In short, although our system

New Zealand's exceptional expenditure, for Native purposes, And present position,

Disprove doctrine of detractors.

Relative positions of labourer at Home and in the Colony.

New Zealand not an expensively governed country:

Considering extent to which advantages of Q-overnmental machinery are demanded and supplied.

Comparative cost of Government —New Zealand and Victoria.

Cost per head in Victoria less than in New Zealand;

But Victoria's population three times that of New Zealand;

15

FINANCIAL STATEMENT.

B.—No. 2.

And, with equal populations, New Zealand form would not be as expensive aa that of Victoria.

has been one of an exceedingly diffuse nature, including nine distinct centres of Government, the results in this Colony, as compared with those in Victoria, are very much in favour of economy on the part of New Zealand. I fear I may have somewhat tired the Committee with these statistical remarks. I know that the mere repetition of a number of figures is likely to leave but little impression on the mind ; but I hope that, when the figures in detail are studied in the printed Statement, they will be suggestive to honorable Members of many and valuable conclusions, and that the labour which has been expended on their preparation will not be wholly thrown away. EXPENDITHEE EOE THE TEAE 1872-73. To enable a comparison to be made between the Estimates of this year and the appropriations of last year, two points of difference require to be explained. In obedience to the opinion expressed in the House last Session, all salaries which are not absolutely by law made Permanent Charges are in the present Estimates submitted for a vote of the Legislature. A considerable amount, in consequence, which has hitherto been included in the " Civil List " and " Permanent Charges," now appears on the ordinary Estimates. Another alteration from previous practice is this : —Now that the buildings required for Government purposes throughout the country have become a Colonial charge, consequent upon the abolition of the system of Provincial Charges, it is thought that it will be much more convenient to group all the buildings together under one head, instead of scattering their cost through the Estimates, as it was convenient to do when it was required to make them Provincial Charges. Accordingly, public buildings for various purposes will be found under the head of Class I. of the Estimates —" Public Domains and Buildings." Besides that this plan will enable a more convenient supervision over the buildings to be maintained, I think it will enable the purely departmental expenditure to be more readily distinguished from other expenditure. The following are the Estimates for the year 1872-73, under the various heads, contrasted with the appropriations under the same heads of the year 1871-72 :—

Amount to be appropriated is increased by transference of salaries from Civil List and from Permanent Charges.

Also, all Buildings now made Colonial Charge.

Estimates, 1872, compared with Appropriations, 1871-72,

Show net increase, £21,309 17s. Id.

Net Increase ... £21,309 17 1 It will be seen that the gross total shows an excess of £21,309 17s. Id. in the present Estimates over the appropriations of the previous year. I proceed to explain how this increase has arisen, and I hope to make clear that, notwithstanding the gross increase, there has been, wherever practicable, a satisfactory decrease made in the proposed expenditure. Under the first head, " Permanent Charges," there is an increase of £19,782 ss. 7cl. ; in fact, nearly the whole of the gross increase is covered by the increase under this head. It principally arises in this way : Under the head of " Permanent Charges," there is £4,961 14s. 4d., being the amount of the interest on the £90,000 Treasury Bills issued last year; there is also an addition of £11,200 to the amount estimated last year in the item " Interest for Defence and Other Purposes Loan." Honorable Members will of course understand that this represents interest on the further amount raised. I shall deal separately

But proposed expenditure decreased wherever practicable. £19,782 ss. 7d. of increase under " Permanent Charges."

16

FINANCIAL STATEMENT.

1871-72. 1872-73. Saving. Excess. £ s. d. £ s. d. £ s. d. £ s. d. Civil List Permanent Charges Ditto, Provincial 27,500 0 0 320,955 3 6 182,062 0 0 27,500 0 0 334,817 9 1 187,982 0 0 13,862 5 7 5,920 0 0 Appropriations : — Class I.—Public Domains and Buildings „ II.—Public Departments ,, III.—Law and Justice „ IV.—Postal Ditto, Provincial „ V. —Customs „ VI.—Native „ VII.—Miscellaneous ... *... Ditto, Provincial „ VIII.—Militia and Volunteers ... 2,250 0 0 64,643 2 8 40,991 6 0 117,281 0 0 24,200 0 0 48,136 7 6 24,233 5 0 31,701 16 10 65 0 0 28,501 13 6 8,290 0 0 68,691 15 9 41,269 16 0 | 136,397 0 0 5,084 0 0 6,040 0 0 4,048 13 1 278 10 0 49,991 5 10 23,862 5 0 27,134 12 11 371 0 0 4,567 3 11 65 0 0 607 6 0 1,854 18 4 27,894 7 6 Totals 912,520 15 0 933,830 12 1 10,694 9 11 32,004 7 0

B.—No. 2.

with the consideration of the interest payable on the Immigration and Public Works Loan. There is, again, an increase in the amount both of Colonial and of Provincial Permanent Charges, owing to the amounts for which the Colony is liable under the Public Debts Act being taken into account, as beyond doubt they ought to be, although by an oversight they had been previously omitted. There is, also, the interest under the " Wellington Debts Act;" but I should mention that of the total amount charged to the Province of "Wellington, £1,860 is really chargeable to the Corporation of the City of Wellington, under the " Wellington Reclaimed Land Act." I have referred to the additions under the head of " Permanent Charges;" I should, on the other hand, mention that the items previously appearing in Permanent Charges, under the head " Waste Lands Act, 1858," " Coroners' Act, 1867," and other Acts, amounting in all to £6,737 7s. 6d., are now transferred to the ordinary Estimates. On the one side, we have an increase of £18,651 13s. Id. for interest and other charges, besides £7,868 for interest on Provincial Loans, paid by the Colonial Government under the Public Debts Act; on the other we have £6,737 7s. 6d. removed from the Permanent Charges to the ordinary Estimates. Class I. — " Public Domains and Buildings " — shows an increase of £6,040. This increase is accounted for by the fact already alluded to — that under this class tho various departmental buildings are now charged. There is, in fact, some little decrease in the ordinary items, since the cost and repair of public buildings, which appear in this class, amount to £6,740. It is right to explain that the estimate for new public buildings amounts to much more than the sums which were distributed up and down the Estimates last year, when the state of the finances made it desirable to avoid entering into any expense which could possibly be avoided. None but the buildings most imperatively required were provided for. In the present Estimates, we propose to submit to the consideration of the House the expediency of providing for some additional buildings. Class 11. shows an amount of £68,691 15s. 9cl. proposed for the present year, against £64,643 2s. Bd. appropriated last year, or an increase of £4,048 13s. Id. Of this amount, £1,987 7s. 6d. is represented by the transfer of several items hitherto charged to Civil List and Permanent Charges. We believe, in adopting this course, we consult the wish of the House. Many Members last Session complained that the power of voting was unnecessarily withdrawn from the Assembly; and we have, in accordance with the opinions then expressed, reserved for the vote of the House all items not required by law to be permanently appropriated. It should not, however, be forgotten, that, in respect to the transfers from the Civil List, there is an equivalent amount set free for expenditure. There will thus, in this class, be £1,987 7s. 6d. transferred from Permanent Charges to Estimates, Class 11. If we deduct this amount from the present year's increase, we shall have a balance of increase left to be explained of £2,061 ss. 7d. The increase is much more than explained by an increase of £3,500, under the head of "Expenses of Members," in consequence of the determination of the House expressed by Resolution last Session, and of £300 for Reporters. So that, in fact, leaving out of account the increased legislative expenditure, there appears a considerable reduction. This is principally accounted for by its not being necessary to place on the Estimates this year the amount of £2,500 appropriated last year for Education. There is, besides, such departmental reduction as it has been possible to make. In the case of the Land Transfer Department, the expansive usefulness and largely-increased work of this branch of the Public Service have made it necessary to provide several augmentations. In the Stamp Department, I propose to recommend to the Committee to make provision for the more exclusive services of a Secretary, instead of this officer, as hitherto, having other important and probably more onerous duties to perform. The duties of this Department are so increasing that more undivided attention to them is required. In the Treasury Department, there is a saving—indeed, there is a larger one than appears; for by changes which it is proposed to make, and wliich I will take a future opportunity of explaining, £600 of the salary of the Receiver-General and Assistant Treasurer, which has hitherto been paid out of the Civil List, will be saved. 5

Other explanations.

Class I,

Class 11.

17

FINANCIAL STATEMENT.

B.—No. 2.

In Class 111. —"Law and Justice" —there is a considerable reduction in expenditure. On the face of the Estimates, there appears to be an increase of about £270 ; but when it is stated that items which last year amounted, under the heads of " Civil List " and " Permanent Charges," to £4,900, have been transferred to the class I am now considering, it will be seen there is a considerable reduction. From the amount of that reduction, £800 for Buildings, transferred to Class 1., has to be taken. The remainder is accounted for by many departmental savings; by reductions under the Lunatics and Juries Acts; and by its being no longer necessary to provide for the maintenance of the Maori convicts at Dunedin. In Class IV., the Eostal Department (proper) shows a reduction of over £6,000. This is principally accounted for by its not being necessary to provide during the present year for payments on account of the Suez service. The remittances already made leave a balance in the hands of the Imperial Post Office authorities, sufficient, it is computed, to meet the payments required during the year. The abolition of the Provincial Charges system enables a less vote to be taken for Contingencies, since it can be taken all in one amount. There are, besides, several important savings of a departmental nature, notwithstanding that the business of the Post Office is largely increasing. One important change in the Postal Estimates will be observed. This year, we take over on the Colonial side of the Estimates the sum for carriage of Inland Mails, last year charged to the Provinces. The amount, £23,400, is the charge of which we propose the Colony should relieve the Provinces. I may remark, since so much was said last Session as to what was really a " saving," and what was not entitled to be so called, that I must leave honorable Members very much to their own opinions on the subject. I take it that diminished expenditure may be broadly classed under two heads—one including those cases in which the same service is performed at a lessened cost; the other including those cases in which a service or office is no longer required, Dispensing with the services of a clerk comes under the latter head : its not being necessary to take a vote such as that for educational purposes, or for the Suez service (because of an over-payment on account of that service), comes under the former head. Between the two, there may be a great variety of cases in which it would be hard to decide how much belongs to economy, how much to natural circumstances. I say this, because I desire that honorable Members may not consider that, in briefly explaining the Estimates, I wish at all to fetter them in the exercise of their judgments as to what they should consider the nature of the several reductions in the expenditure. The Estimates for the Telegraph Department show an increase of £1,300; but considering the very large addition to the business of the Department— the number of new stations opened during the year, and which are to be opened —I presume that honorable Members will not consider the increase more than might have been anticipated. Some savings will be found in the Estimates for this Department; for example, the improved condition of the various lines renders possible a reduction of £1,000 in the amount for Linemen's travelling expenses. Class V., Customs, shows an increase of £1,800; which is accounted for by a sum of £2,500, set down for Manukau Lighthouse. In the Customs Department (proper) there is, on the whole, a small decrease in the proposed expenditure. The estimates, as they appear, include £600 for the salary of the head of the Department, hitherto defrayed out of Civil List. Class VI. —Under " Native," there is shown a saving of a few hundred pounds. My colleague who is at the head of the Department will give such explanations as may be needed respecting the items. In Class VIE, the total of votes under the head " Miscellaneous" shows a reduction of £4,600; but £600 of that sum is accounted for by the transfer of a vote to the Civil List. For the rest, I ask honorable Members to study this class of the Estimates. They will see, as might be expected under such a heading, that various new items of expenditure are proposed, and that several of the items which appeared last year are no longer required. I wish, however, to draw attention to one notable reduction of £2,500 in the item " Stationery." We believe we

Inland Mails Colonially charged : Provinces relieved, £23,400. What constitutes a " saving."

Explanation of Increase in Telegraph Department,

And Customs Department.

Miscellaneous.

Saving in cost of Stationery.

18

FINANCIAL STATEMENT.

B.—No. 2.

may make this reduction on account of the plan now adopted of obtaining stationery from England, at a large saving in cost as compared with the prices we have been in the habit of paying for supplies obtained in the Colony. In Class VIII., the item " Militia and Volunteers " shows a total of several hundred pounds less than the appropriations last year; but, as in the case of " Native," I leave to my colleague, the Defence Minister, the duty of making any necessary explanations under this head. Briefly, by way of summing up the Ordinary Estimates, I may say that the notable items of increase are for Interest and Sinking Fund, for Members' expenses, for additional Public Buildings, and for the Manukau Lighthouse. As to the items charged against the Trust Fund, the Land Fund, and other Estimates of a like kind, I prefer taking another opportunity for explanations, if any are necessary. Upon the Public Works and Immigration Estimates, the Minister for Public Works has already addressed the House. With this explanation of the Estimates, I will ask honorable Members to follow me into the consideration of the total Colonial expenditure. We need not take into account the interest and sinking fund paid on behalf of the Provinces, because the amounts are recoverable from the Provincial Capitation Allowance, or, in case of deficiency, from the various Land Funds. Most prominent amongst the items not included in the Estimates, stands the Capitation Allowance. At the same rate per head as last year, taking into account the increase of population up to the end of 1871, as estimated by the Registrar-General, the Capitation Allowance this year, with special allowances, will amount to £208,561 12s. 6d., as against £200,614 12s. 6d. last year. A moiety of the Stamp Duty receipts has to be paid to the Immigration and Public Works Fund Account; and we have also to make provision for £45,000 Treasury Bills falling due during the year. I am sure honorable Members will agree very cordially that provision ought to be made for that £45,000, which represents the second of the three instalments by which the deficiency of the year 1870-71 was to be paid off; and it is to me most gratifying to be able thus tv provide for giving effect to the proposal deliberately made in the last Financial Statement. There is another amount to which I must ask the attention of honorable Members; and that is, the amount which I consider should be charged to the Consolidated Fund, for interest and sinking fund on account of the Immigration and Public Works Loan. Honorable Members will recollect that last year we acted upon the principle that it was not desirable the interest and sinking fund on that loan should be made a burden upon the country until the various works were completed; or, in other words, that it was expedient to capitalize interest upon the cost of works up to the date of their completion. Therefore, we contented ourselves with making no further provision for the interest and sinking fund in question than the payment to the Immigration and Public Works Loan Account of one-half the Stamp Duties, that amount being estimated to be sufficient to meet the interest and sinking fund which would have to be paid during the year. We again pay one-half the Stamp Duties to the Immigration and Public Works Loan Account; and be it remembered that when the time comes for charging the Provinces with interest and sinking fund for railways, the Stamp Duties payment to the Public Works Fund will pass in relief of an equivalent amount for which the Provinces may be found liable. We now, in addition, ask the Committee to consider how much of the interest and sinking fund of this loan should be charged to Consolidated Revenue, on account of works which have become reproductive, or on account of what may be considered final payments. The principle I suggest to the Committee to adopt is, to charge to the Consolidated Fund, or to the Provincial share of it, as the case may be, interest upon all the amounts expended up to the 30th June, upon works completed, or upon other final payments. Besides the Kaiapoi section of the Great Northern Railway, Canterbury, we have no railways with which to deal. The expenditure on the purchase of Native Land is a Provincial charge, except that, for reasons which it is unnecessary to detail now, we propose to ask the House to adopt as a Colonial charge, the interest and sinking fund on some land purchases within the Province of

Expenditure, 1872-73.

Capitation Allowance £208,561 12s. 6d., against £200,614 12s. 6d. last year. Moiety of Stamp Duties to Immigration and Public Works Eund Account; And £45,000 Treasury Bills (half of deficiency from last year) provided for.

But contribution to interest and sinking fund on Immigration and Public Works Loan, in addition to moiety of Stamp Duties, should now be made.

Proposed basis for computing amount of additional contribution.

19

FINANCIAL STATEMENT.

B.—No. 2.

Auckland. The amount of interest and sinking fund on such purchases will be £528. Upon the moneys expended up to the 30th June for Roads completed in the North Island, we consider interest and sinking fund should be at once charged on the Consolidated Revenue. We estimate the expenditure on roads far advanced towards completion, to be £80,000; interest and sinking fund upon which will be £4,800. Upon any portion of the Middle Island Railway Fund expended on Railways completed, we consider also that interest and sinking fund should be at once charged. On the Kaiapoi section of railway opened to traffic, about £33,000 of the Middle Island Railway Fund has been expended. Interest and sinking fund on it amount to £1,980. Upon roads on the West Coast and in Nelson, constructed out of the Middle Island Railway Fund, £32,000 has been expended, the interest and sinking fund on which amount to £1,920. Upon Telegraphs, £60,000 has been expended, the interest and sinking fund on which amount to £3,600. To Road Boards and Provinces, £100,000 was last year appropriated, the interest and sinking fund on which are £6,000. On Immigration, up to the 30th June, the expenditure amounted to £42,000, the interest and sinking fund on which are £2,520. Together, these sums amount to £21,348; and to make the sum a round one, we propose that £21,500 shall be the amount of interest and sinking fund on account of the Public Works and Immigration Loan, chargeable on the Consolidated Revenue during the year 1872-73, in addition to the half of the Stamp Duties paid over to the Public Works Fund. We do not profess that this is anything more than an approximate estimate, and of course it can be urged that it does not take cognizance of the interest and sinking fund upon the current expenditure of the year on works completed; but we consider that it represents, with the payment of the half of the Stamp Duties, a very sufficient present charge on the Consolidated Revenue, seeing how necessarily incomplete are the results, of the expenditure. A private firm or joint-stock company engaged in undertakings such as those the Colony is engaged in, would, until the works were completed, capitalize the whole interest, and certainly would not, by sinking fund or otherwise, commence to repay the principal sum. I have only one further item under the head of expenditure with wliich to trouble the Committee. The amount set apart out of "the Immigration and Public Works Loan, for Telegraph Construction, has been expended; and there remains a considerable extension of the telegraph to be effected. There is an amount of £40,000 under the Immigration and Public Works Loan Act unappropriated ; and I propose that it shall be set apart for Telegraph Construction. . The interest and sinking fund on the " Defence and Other Purposes Loan " are paid out of the Consolidated Revenue. I should not remind honorable Members of this fact, with which it is to be presumed they are acquainted, but that there is sometimes a disposition shown to confound the two loans. I will now set forth the total proposed Colonial Expenditure of the year : — £ s. d. Civil List ... ... ... ... ... ... 27,500 0 0 Permanent Charges ... ... ... ... ... 334,817 9 1 Class I.—Public Domains and Buildings ... ... 8,290 0 0 Class ll.—Public Departments ... ... ... ... 68,69115 9 Class lll.—Law and Justice ... ... ... ... 41,269 16 0 Class IV.—Postal, &c, Services... ... ... ... 136,397 0 0 Class V. —Customs Departments ... ... ... 49,991 510 Class Vl.—Native ... ... ... ... ... 23,862 5 0 Class Vll.—Miscellaneous, Special and Temporary ... ... 27,134 12 11 Class VllL—Militia and Volunteers ... ... ... 27,894 7 6 Eedemption Treasury Bills ... ... ... ... 45,000 0 0 Contribution towards Interest, Public Works and Immigration... 21,500 0 0 Ditto ditto one-half Stamp Duties... ... ... ... 40,000 0 0 Capitation Allowance ... ... ... ... .. 208,561 12 6 £1,060,910 4 7

Proposed additional contribution, £21,500.

This, with moiety of Stamp Duties, will represent fair present charge upon Consolidated Revenue.

£40,000 Unappropriated, under Immigration and Public Works Loan Act, to be appropriated to Telegraph Construction Extension.

Total proposed Colonial Expenditure 1872-73, £1,060,910 4s. 7d.

20

FINANCIAL STATEMENT.

B.~No. 2.

■ ALLOWANCES TO THE PEOVINCES. Before leaving the question of the expenditure for the current year, honorable Members would no doubt desire that I should say a few words upon the provision for the Provinces. The amount of Capitation Allowance already mentioned, is £7,947 more than was paid last year. To this should be added £23,400, on account of the carriage of Inland Mails, the charge for which we propose to transfer from the Provinces to the Colony. There is another charge of which we propose to relieve the Provinces, namely, that for the salaries of Provincial Auditors, amounting to £1,950. It may be objected that it is hardly reasonable this should be done, inasmuch as the Auditors are essentially Provincial officers; but by adopting the course proposed there will be an end, so far as the Consolidated Revenue is concerned, of the system of Provincial Charges — except, of course, that the Provinces will remain liable for interest and sinking fund upon their loans, and for the various charges to which the other funds reverting to them are liable. The three sums I have mentioned amount to £33,297, and this is the sum which the Consolidated Revenue will pay to the Provinces and for the Provinces, in excess of what it paid last year. In regard to the extraordinary aid to the Provinces authorized last Session, honorable Members will recollect that it was proposed, as part of the Budget, that £100,000 should be appropriated for subsidies to Road Boards; but that, before a measure giving effect to that proposal could be passed, urgent representations were made by Superintendents, that the engagements they had entered into on account of the current year would seriously embarrass them, if some further aid than that of the Capitation Allowance were not granted. It was also suggested that £50,000 only should be appropriated for Road Boards, and that the other £50,000 of the £100,000 should be paid to the Provinces, on account of public works already authorized by Appropriation Ordinances. The House yielded to those representations, and the Provinces, therefore, in effect, received £50,000 as an extraordinary aid to their revenues; but that aid, it will be remembered, was granted solely because of the representations made, that engagements had been entered into wliich rendered necessary the receipt of at least £50,000. This year, similar representations cannot be made; indeed, from some of the Provincial Financial Statements Avhich I have read, I observe that the Treasurers strongly impressed upon the Councils that they were not certain that even the Capitation Allowance this year would equal that appropriated last year. Certainly, I have not seen anywhere, statements to the effect that a repetition of the extraordinary aid given last year was anticipated. As I have pointed out, it is now proposed to increase considerably the Provincial Allowance out of the Consolidated Revenue; but it is not proposed to give more than £50,000 to the Road Boards this year, or to pay any sum to the Provinces as extraordinary aid. We propose that the £50,000 shall, as was the case last year, be a charge upon the Public Works Fund. Table I shows the contributions of the Colony to provincial revenues and purposes during the last five years, together with the proposed contributions for the present year. WATS AND MEANS, 1872-73. I will now submit to the Committee a statement of the estimated revenue for the year ; and I will compare it with the estimate for last year, and with the actual receipts during the year. The several amounts have been set down with care, and under the belief that they will be realized :—

Capitation Allowance.

Inland Mails.

Salaries of Provincial Auditors.

"Provincial Charges " (except on account of Loans) extinguished.

Contribution to Boad Boards, £100,000 proposed last year;

But only £50,000 appropriated; And £50,000 to Provinces as " Extraordinary Aid," on account of works engaged for. Table I.

This year Provincial Allowance increased; But no "Extraordinary Aid;" And £50,000 only to Bead Boards.

Estimated Eevenuo 1872-73.

21

FINANCIAL STATEMENT.

Estimate, 1872-73, £1,076,000; Estimate, 1871-72, £990,000; Actual, 1871-72, £1,007,414 14s. 4d. Customs Estimate, £45,000 over last year's receipts. Stamp Duties, £80,000.

The 2d. Eeceipt Stamp to be abolished.

Why proposed last year.

Postal Estimate, £3,000 Increase.

Land Registry Department.

COMPARATIVE STATEMENT of REVENUE.

B.—No. 2.

The estimate of Customs Revenue shows an increase of £45,000 upon the receipts of last year; and when it is remembered how large a proportion of the year's Customs Revenue was received during the last six months, I think our present estimate will not be considered excessive. I have not any remarks to make upon the other items, until I come to that of Stamp Duties. I have again estimated those duties to yield £80,000, or £5,370 more than the receipts during the past year. I shall ask the Committee to consent to some remissions; but they will not, I believe, seriously affect the revenue. One of the remissions I intend to propose is the annual License Fee upon certain local Joint-Stock Companies for the promotion of industries and colonization; such as Meat-preserving Companies, Saw-mill Companies, Steamboat Companies, Tramway Companies, Immigration Companies, Public Hall Companies, and Fishery Companies. Another remission I shall submit to the House is that of the Stamps upon the cheques of Friendly Societies, and upon the receipts given to them for moneys which they disburse. I shall ask also for the remission of the duty on Conveyances of Land in Trust for Religious, Charitable, and Educational Purposes. The total of such remissions will not amount to more than a few hundred pounds. I shall further propose that the Stamp on Receipts be reduced to Id., leaving the amount upon which a stamp is required, as it stands at present. A general impression exists that the increase of this duty to 2d. last year has not materially aided the revenue, owing to the duty having been largely evaded and avoided. I am not able to express an opinion upon the point, seeing that there are no means of classifying or really knowing the purposes for which adhesive stamps have been used. lam inclined to think that there is some foundation for the impression I have mentioned. But I desire to remind honorable Members that the increased duty was only proposed for the purpose of making good the deficiency created by the rejection of the proposal that mortgage-deeds and bills of sale should be stamped. Notwithstanding these reductions —if reductions they are —we think that the natural increase of trade will this year bring the receipts on Stamp Duties up to £80,000. The Postal Revenue we estimate at £3,000 more than the receipts during last year. That increase, we think, can be relied upon, notwithstanding our intention to ask the House to approve of a Bill for the reduction of Postage on Newspapers to -|d. There is good reason for believing that such a reduction will not be followed by a reduction of revenue; since a large number of newspapers now sent in parcels by coach, without payment of postage, will in all probability, under the reduced stamp, be sent through the Post Office. The increased amount set down to be received in connection with the Land Registry Department, is in accordance with the estimate of the gentleman who so ably presides over this useful and remarkably successful Department. There is no necessity to comment upon any of the other items.

Proposed remissions.

■Jd. Postage on Newspapers proposed.

22

FINANCIAL STATEMENT.

187: .-72. 1872-73. Heads of Receipt. Estimated. Actual. Estimated. Customs —Duties, Rents, Seizures, &c. ,, Bonded Stores ,, Fees, Marine Act, including Light Dues „ ,, Anns Act ... „ ,, Sundry Acts Stamp Duties Postal ... Telegraphic Judicial Fees and Fines Registration of Land „ Deeds ,, Births, Deaths, and Marriages Fees on issue of Crown Grants ,, Miscellaneous Incidental Receipts £ s. d. 750,000 0 0 4,500 0 0 6,000 0 0 1,580 0 0 1,785 0 0 80,000 0 0 45,000 0 0 28,000 0 0 33,000 0 0 5,000 0 0 15,000 0 0 2,750 0 0 10,000 0 0 2,590 0 0 4,795 0 0 £ s. d. 775,183 19 9 4,078 16 7 5,942 13 1 1,721 11 6 1,784 3 6 74,630 10 1 47,054 18 3 28,471 6 7 28,519 3 10 4,539 17 11 14,789 8 6 2,860 6 6 6,620 18 8 2,645 18 3 8,571 1 4 £ s. d. 820,000 0 0 4,250 0 0 I 10,000 0 0 80,000 0 0 50,000 0 0 33,000 0 0 32,000 0 0 9,000 0 0 13,500 0 0 3,000 0 0 8,500 0 0 2,750 0 0 10,000 0 0 Totals 990,000 0 0 1,007,414 14 4 1,076,000 0 0

B.—No. 2.

The total of the Estimates of Revenue for the year, is £1,076,000 ; as against £990,000 estimated, and £1,007,414 14s. 4d., actually received last year ; showing an increase of £86,000 on the Estimates, and of £68,585 ss. Bd. over the receipts of 1871-72. To the revenue of the year has to be added the surplus of £10,562 3s. 3d., with which, as I have already stated, we commence the year. The two together amount to £1,086,562 3s. 3d. Deducting from this the amount of the proposed expenditure, £1,060,910 4s. 7d., there will be left a surplus for the year of £25,651185. Bd. In considering to what purpose or purposes that balance might be applied, the fact must not be lost sight of, that the Treasury, no matter how great the care exercised in forming the Estimates, are year by year confronted with Supplementary Estimates to a greater or less amount. On the present occasion, the Estimates were framed before the Report of the Public Buildings Committee was made; so that no provision appears for the repairs of the Government Buildings. A considerable sum will probably have to be provided. It must also be remembered that during the year there will certainly be a considerable amount of unauthorized expenditure. In fact, the law recognizes the necessity of such expenditure, and I am of opinion that more or less it is unavoidable in a new country like this, where it is not possible to forecast all the wants that will be urgently felt during a year. While remembering the fact, then, that there will be Supplementary Estimates and unauthorized expenditure, it must not be forgotten that there will almost certainly be a considerable saving on the votes of the year. There is also an amount which is not taken into account in the estimate of revenue, which, however, is a considerable one—l allude to the recovery of interest on non-interest-bearing investments in the Trust Fund. On the whole, I am inclined to think that if the House considers a further payment should be made to the Public Works Fund, from the Consolidated Revenue, for Interest and Sinking Eund than that I have proposed, such provision can be made out of the resources of the year. Such, Mr. O'Rorke, is the plain unvarnished Financial Statement for this year. The poet speaks of the " short and simple annals of the poor." Our experience, I think, is that in the years when we are poorest our financial annals are least short and simple. I feel I need not apologise to the Committee for the paucity of novel features and new proposals in the present Budget. After the great changes which the last three years have witnessed, it is in the highest degree satisfactory to be able to dispense with further large alterations. This is the fourth consecutive Session during which I have had the honor to lay before the Committee the annual Financial Statement. When I look back to all the cares and anxieties of the period those Statements have covered, I cannot refrain from congratulating the Committee on the improved condition of affairs which I have now been able to describe. But it is right that I should express the hope that in what I have said this evening I have avoided creating in the mind of the Committee the impression that the Government take to themselves credit, which does not belong to them, for the prosperous condition of the country. Nothing could be more presumptuous than for a Government to attempt to plume itself on circumstances for which the people are indebted to a Power higher than that of kings or people. Providence has been very good to this land. The merit which the Government claim is, that at a time when there was a disposition to despondency, they set themselves to do that which seemed best calculated to restore confidence, and they called upon the people not to be discouraged by the difficulties of the past and the present, but to arm themselves to contend with those difficulties, and to hope for a better future. That that future has already shown itself in such bright colours, is due to a Power beyond all Governments. In that conviction, I commend to the Committee the financial proposals I have made.

£1,076,000 as estimated for 1872-73 : Increase of £86,000 on estimate, and £68,505 ss. Bd. over receipts, 1871-72.

Estimated surplus, £25,651 18s. Bd.

Which would enable - if desired, further contribution to Public Works Eund in addition to £21,500, and moiety of Stamp Duties. Conclusion.

Satisfactory that no organic or great changes need now be proposed.

Government claim merit, that, in season of greatest depression, they urged the people, relying upon resources of Colony, to struggle with difficulties.

23

FINANCIAL STATEMENT.

B.—No. 2,

Table A. STATEMENT showing the DEBENTURES and TREASURY BILLS in CIRCULATION under the several Loans of the New Zealand Government, the Amount of Sinking Fund Accrued, the Balance of Indebtedness, the Amount of the Annual Charge, and the Proportions in which the several Loans, and the Interest and Sinking Fund payable thereon, are chargeable against the Colonial and Provincial Governments.

25

TABLES REFERRED TO IN THE FINANCIAL STATEMENT.

lEALAND OVEENMENT. Amount of Debentures in Circulation on June 30, 1872. Total Debt after deducting Sinking Fund. Annual Charge. Act authorizing the Loan. Sinking Fund accrued to June 30, 1872. Interest. Sinking Fund. Total. £ s. d. 316 0 0 156,000 0 0 93,100 0 0 1,519,400 0 0 £ s. d. £ s. d. 316 0 0 104,707 19 0 66,771 16 11 1,385,347 14 1 £ s. d. £ s. d. £ s. d. Ordinance of Legislative Council... '■' New Zealand Loan Act, 1856"... "New Zealand Loan Act, I860"... '•' New Zealand Loan Act, 1863 "... '■' New Zealand Debentures Act, 1864," and Amendment Act, 1865 " Taranaki Loan Ordinance, 1863 " '■' Consolidated Loan Act, 1867 "... "Immigration and Public Works Loan Act, 1870 " '-' Defence and Other Purposes Loan Act, 1870"... Ditto ditto Treasury Bills 51,292 1 0 26,328 3 1 134,052 5 11 6,240 0 0 5,586 0 0 76,284 0 0 3,120 0 0 1,862 0 0 20,508 0 0 9,360 0 0 7,448 0 0 96,792 0 0 150 0 0 14,300 0 0 2,047,200 0 0 150 0 0 14,300 0 0 l,00l" 0 0 102,360 0 0 20,472 0 0 1,001 0 0 122,832 0 0 7 1,600,000 0 0 j- 94,768 1 3 3,979,431 18 9 80,000 0 0 16,000 0 0 96,000 0 0 427,000 0 0 35,000 0 0 610,000 0 0 J ' " 35,000 0 0 610,000 0 0 21,350 0 0 1,925 0 0 36,306 2 5 4,270 0 0 25,620 0 O 1,925 0 0 36,306 2 5 6,502,466 0 0 306,440 11 3 6,196,025 8 9 331,052 2 5 66,232 0 0 397,284 2 5 Pi LOTINCIAL G^ ITEBNMENTS. Auckland — " Auckland Loan Act, 1863 " " New Zealand Loan Act, 1856"... '■' Consolidated Loan Act, 1867 "... " Defence and Other Purposes Loan Act, 1870" 31,600 0 0 90,000 0 0 510,150 0 0 1,475 10 5 1 29,591 11 4! [21,701 19 1 30,124 9 7 60,408 8 8 1,896 0 0 3,600 0 0 25,507 10 0 632 0 0 1,800 0 0 5,101 10 0 2,528 0 5,400 0 30,609 0 538,4,48 0 11 50,000 0 0 2,500 0 0 500 0 0 3,000 0 Total, Auckland 681,750 0 052,769 0 10 628,980 19 2 33,503 10 0 8,033 10 0 41,537 0 Taranaki — " Consolidated Loan Act, 1867 "... " Defence and Other Purposes Loan Act, 1870" 25,000 0 0 I 1,096 3 11 29,903 16 1 1,250 0 0 250 0 0 1,500 0 6,000 0 0 300 0 0 60 0 0 360 0 Total, Taranaki 31,000 0 0 1,096 3 11 29,903 16 l| 1,550 0 0 310 0 0 1,860 0 ■ Wellington— " New Zealand Loan Act, 1856"... '■' Consolidated Loan Act, 1867 "... '■' Defence and Other Purposes Loan Act, 1870" " Consolidated Loan Application Act, 1869" " Wellington Loan Act, 1862 " ... "Wellington Loan Act, 1866," No. 3 • :' Wellington Debts Act, 1871"... 27,000 0 o! 133,379 0 0: 17,000 0 0. 8,877 9 5 I 5,715 10 10 18,122 10 7 144,663 9 2 1,080 0 0 6,668 19 0 850 0 0 540 0 0 1,333 15 9 170 0 0 1,620 0 8,002 14 1,020 0 72,000 0 0 2,000 0 0 1,472 9 7 72,000 0 0 527 10 5 4,320 0 0 160 0 0 8o" 0 0 4,320 0 240 0 10,327 10 0 75,000 0 Oi 2,169 19 2 8,157 10 10 75,000 0 0 ' 826 4 0 3,750 0 0 206 11 0 1,032 15 3,750 0 Total, Wellington 336,706 10 0j 18,235 9 0 318,471 1 0 17,655 3 0 2,330 6 9! j 19,985 9 t

B.—No. 2.

Table A — continued. STATEMENT showing DEBENTURES in CIRCULATION, &c. — continued. PROVINCIAL GOVERNMENTS— continued.

26

FINANCIAL STATEMENT.

Amount of Debentures in Circulation on June 30, 1872. Annual Charge. Act authorizing the Loan. Sinking Fund accrued to June 30, 1872. Total Debt after deducting Sinking Fund. Interest. Sinking Fund. Total. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ S. d, Hawke's Bat — " New Zealand Loan Act, 1856 "... " Consolidated Loan Act, 1867 "... " Wellington Loan Act, 1866 " ... 27,000 0 0 83,171 0 0 3,172 10 0 8,877 9 5 3,459 10 1 18,122 10 7 79,711 9 11 3,172 10 0 1,080 0 0 4,158 11 0 253 16 0 540 0 0 831 14 3 63 9 0 1,620 0 C 4,990 5 3 317 5 C Total, Hawke's Bay 113,343 10 0 12,336 19 6 101,006 10 6 5,492 7 0 1,435 3 3 6,927 10 Nelson — " New Zealand Loan Act, 1856"... ■' Consolidated Loan Act, 1867 "... " Nelson Waterworks Loan Act, 1864" ... *39,351 5 0 27,821 7 7 12,938 10 1 1,158 16 10 26,412 14 11 26,662 10 9 1,574 1 0 1,391 1 5 787 0 6 278 4 3 2,361 1 1,669 5 14,200 0 0 2,440 16 1 11,759 3 11 1,136 0 0 284 0 0 1,420 0 Total, Nelson ... 81,372 12 7 16,538 3 0 64,834 9 7 4,101 2 5 1,349 4 9 5,450 7 Mablboeough— "New Zealand Loan Act, 1856"... " Consolidated Loan Act, 1867 "... *5,648 15 0 7,878 12 5 1,857 5 8 327 14 2 3,791 9 4 7,550 18 3 225 19 0 393 18 7 112 19 6 78 15 9 338 18 472 14 Total, Marlborough 13,527 7 5 2,184 19 10 11,342 7 7 619 17 7 191 15 3 811 12 H Canteebuey— " New Zealand Loan Act, 1856"... " Consolidated Loan Act, 1867 "... " Canterbury Loan Ordinance, 1856" ... " Canterbury Railway Loan Act, 1860" ... " Canterbury Loan Ordinance, 1862" ... 51,230 15 5 561,680 15 4 830 15 5 16,844 8 7 23,363 2 11 830 15 5 34,386 6 10 538,317 12 5 2,049 4 7 28,084 0 9 66 9 3 1,024 12 4 5,616 16 2 33 4 8 3,073 16 i: 33,700 16 i: 99 13 i: 53,792 6 2 53,792 6 2 3,227 10 9 1,075 16 11 4,303 7 I 15,784 12 4 15,784 12 4 947 1 6 157 16 11 1,104 18 I Total, Canterbury 683,319 4 8 41,038 6 11 642,280 17 9i 34,374 6 10 7,908 7 0 42,282 13 ll Westland — " New Zealand Loan Act, 1856"... "Consolidated Loan Act, 1867" ... " Canterbury Loan Ordinance, 1856" ... " Canterbury Railway Loan Act, 1860" ... " Canterbury Loan Ordinance, 1862" ,.. 22,769 4 7 153,369 4 8 369 4 7 7,486 8 3 6,379 8 1 369 4 7 15,282 16 4 146,989 16 7 910 15 5 7,668 9 3 29 10 9 455 7 8 1,533 13 10 14 15 4 1,366 3 9,202 3 44 6 23,907 13 10 23,907 13 10 1,434 9 3 478 3 1 1,912 12 7,015 7 8 7,015 7 8 420 18 6 70 3 1 491 1 Total, Westland 207,430 15 4 14,235 0 11 193,195 14 5| 10,464 3 2 2,552 3 0 13,016 6 Otago— "New Zealand Loan Act, 1856"... " Consolidated Loan Act, 1867"... " Defence and Other Purposes Loan Act, 1870" " Consolidated Loan Application Act, 1869" " Otago Loan Ordinance, 1861-62 " " Otago Loan Ordinance, 1862" ... " Otago Harbour Loan Ordinance, 1862" ... _ ... " Otago Public Buildings Loan Ordinance, 1862"... 81,000 0 0 903,450 0 0 100,000 0 0 7,000 0 0 40,100 0 0 116,700 0 0 26,632 8 3 [38,520 19 9 12,970 14 2 11,349 4 5 54,367 11 9 964,929* 0 3 7,000 0 0 27,129 5 10 105,350 15 7 3,240 0 0 45,172 10 0 5,000 0 0 420 0 0 3,208 0 0 7,002 0 0 1,620 0 0 9,034 10 0 1,000 0 0 1,203* 0 0 1,167 0 0 4,860 0 54,207 0 6,000 0 420 0 4,411 0 8,169 0 44,100 0 0 12,740 2 3 31,359 17 9 3,528 0 0 1,323 0 0 4,851 0 40,075 0 0 9,760 9 2 30,314 10 10 3,206 0 0 1,202 5 0 4,408 5 Total, Otago ... 1,332,425 0 0 111,973 18 0 |1,220,451 2 0 70,776 10 0 16,549 15 0 87,326 5 Totals — General ... Provincial 6,502,466 0 0 3,480,875 0 0 306,440 11 3 270,408 1 11 6,196,025 8 9i 3,210,466 18 1 [331,052 2 5 !l78,537 0 0 66,232 0 0 40,660 5 0 397,284 2 219,197 5 9,983,341 0 0 576,848 13 2 9,406,492 6 H 509,589 2 5 1106,892 5 0, 616,481 7 S.S. —Sinking Fund Aecoun ;he 15th April, 1872. No later Ac * These are ts of the LoanB o: counts received. the estimated ] : 1856 and 1863 iroportions chargeable. are made up to 31st March, 1872 ; of the Consolidated Loan, t<

B.— No. a

Table B. STATEMENT showing the EXPENDITURE ESTIMATED; the RECOVERIES to CREDIT; the EXPENDITURE actually made during the Year, from the 1st JULY, 1871, to the 30th JUNE, 1872; the AMOUNTS RESERVED; and the SAVING or EXCESS.

27

FINANCIAL STATEMENT.

Authorized. Actual Expendituee. Reseeved. Total. Saving. Excess. Estimates. Ceedits. Total. £ s. a. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. LIABILITIES AND ENGAGEMENTS. Peemanent Chaeges :— Interest and Sinking Fund — Colonial Charges Under Acts of General Assembly — Colonial Charges Provincial Charges Civil List Fund — Division I. Division II. 3,279 18; 1 3,279 18 1 109, 009 3 4 3,135 15 4 182 11 8 109,009 3 4 3,135 15 4 182 11 8 » 22 2 0 22 2 0 416 13 4 566 9 4 416 13 4 566 9 4 ... Appeopeiations :— Vote I.— Liabilities of 1869-70— Compensation to Miss Briggs and others ... Advance, Province of Wellington, for building Wanganui Bridge Advances to Settlers in Patea and Waitotara Districts 3,302 0 1 3,302 0 1 113,310 13 0 113,310 13 0 1 ... * 1 2 752 8 9 752 8 9 h 3 4,402 10 11 4,402 10 11 5,062 9 3 r 5,491 15 11 2,087 7 7 2,019 11 4 404 12 6 2,424 3 10 425 4 2 4 2 6 . , I 7,579 3 6 5,487 13 5 Vote II.— Liabilities of 1870-71— Public Domains Government Houses Legislative Departments Executive Departments Printing Office Geological Survey Department ... Electoral Law and Justice (General) District Courts Resident Magistrates' Courts Petty Sessions Courts ... Criminal Prosecutions :.. Coroners, &c. ... Land and Deeds Registry Postal Services (Provincial) Telegraph, General Contingencies Customs, Marlborough ... Native, General Contingencies Inspector of Surveys' Department Miscellaneous, General Charges ... Bank Commission Defence Office Store Department Militia and Volunteers (Provincial) 7,174 11 0 j 404 12 6 ! 4 2 6 5,491 15 11 2,087 7 7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 60 0 0 50 0 0 200 0 0 100 0 0 30 0 0 60 0 0 1,800 0 0 150 0 0 140 0 0 280 0 0 40 0 0 150 0 0 450 0 0 80 0 0 600 0 0 120 0 0 10 0 0 700 0 0 150 0 0 4,410 2 10 20 0 0 10 0 0 50 0 0 250 0 0 1 0 0 "6 6 11 ll 16 6 "6 18 0 60 0 0 50 0 0 201 0 0 100 0 0 30 0 0 60 0 0 1,800 6 11 150 0 0 140 0 0 291 16 6 40 0 0 150 18 0 450 0 0 80 0 0 601 18 9 542 11 0 10 0 0 765 14 0 166 10 6 4,419 13 4 38 10 2 10 0 0 50 0 0 250 8 4 53 9 10 54 8 7 192 0 3 208 19 1 26 17 5 56 6 8 1,827 7 3 309 9 0 126 7 10 563 12 10 132 5 8 496 18 10 457 1 0 124 15 7 1,000217 l 690 7 5 17,424 19 6 6,965 12 0 1 18 9 422 11 0 65 14 0 16 10 6 9 10 6 18 10 2 1,425 1 3 53 11 2 8,738 9 5 545 5 0 11 4 8 54 16 6 275 7 2 "6 8 4 9,910 2 10 17,424 19 6 6,965 12 0 549 4 8 10,459 7 6 ... 17,424 19 6

B.— No. 2.

Table B— continued. STATEMENT showing the EXPENDITURE ESTIMATED, &c.— continued.

28

FINANCIAL STATEMENT

Authorized. Saving. | Excess. O Actual Expendituee. Reseeved. Total. Estimates. Ceedits. Total. FINANCIAL TEAR, 1871-72. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ b. d. Civil List. 4,500 0 0 7,700 0 0 8,300 0 0 Division I.— Governor Judges-... Establishment of General Government Division II. — Native Purposes... 4,500 0 0 7,700 0 0 8,300 0 0 4,500 0 0 7,700 0 0 7,334 6 4 4,500 0 0 7,700 0 0 7,334 6 4 965* 13 8 7,000 0 0 7,000 0 0 6,362 3 5 6,362 3 5 637 16 7 Total, Civil List 1... 27,500 0 0 27,500 0 0 25,896 9 9 25,896 9 9 1,603 10 3 Peehanent^Chaeges. Interest and Sinking Fund — Colonial Charges... Provincial Charges Under Acts of the General Assembly — Colonial Charges Provincial Charges 284,409 9 4 180,162 0 0 100 0 0 284,509 9 4 180,162 0 0 169,430 16 6 185,037 0 0 169,430 16 6 185,037 0 0 115,078 12 10 4,875 0 0 36,545 14 2 1,900 0 0 13 8 6 36,559 2 8 1,900 0 0 34,185 7 5 1,799 11 7 34,185 7 5 1,799 11 7 2,373 15 3 100 8 5 Total, Permanent Charges... 503, 017 3 6 113 8 6 503,130 12 0 390,452 15 6 390,452 15 6 117,552 16 6 4,875 0 0 Appeopbiations. Class I.—Public Domains axd Buildings. Colonial Charges — Government Domains and Buildings 2,250 0 0 14 9 9 2,264 9 9 3,072 3 2 807 13 5 4 5 6 7 8 9 10 11 12 13 14 15 16 Class II. —Public Depaetments. Colonial Charges — Governor's Establishment Legislative Department ... Executive Department Stamp Department Printing Department Store Department Geological and Meteorological Department ... Electoral Departments Education Land Transfer Department Land Transfer Department, Local Offices Deeds Registry ... Deeds Registry, Local Offices 1,600 0 0 14,109 4 0 14,392 9 8 2,808 18 0 5,553 16 0 517 10 0 2,900 0 0 2,945 0 0 2,500 0 0 1,114 15 0 7.500 0 o200 0 0 8.501 10 0 9 13 0 1 10 0 102 17 10 2 18 725 16 6 66 15 0 22 14 0 1,609 13 0 14,110 14 0 14,495 7 6 2,810 19 8 6,279 12 6 517 10 0 2.966 15 0 2.967 14 0 2,500 0 0 1,114 15 0 7,509 3 4 200 0 0 8,553 1 1 1,698 14 10 22,096 19 9 15,093 13 5 2,690 18 4 6,391 15 11 478 5 7 3,410 15 2 3,980 9 10 143 2 10 964 14 5 7,061 5 3 147 6 2 9,016 11 6 ... 100 0 0 39 4 5 1,698 14 10 22,096 19 9 15,093 13 5 2,790 18 4 6,391 15 11 517 10 0 3,410 15 2 3,980 9 10 143 2 10 1,114 15 0 7,509 3 4 200 0 0 9,016 11 6 20 1 4 89 1 10 7,986 5 9 598 5 11 112 3 5 444* 0 2 1,012 15 10 150 0 7 447 18 1 52 13 10 2,356 17 2 9 3 4 51 11 1 41 0 6 i 1 73,174 13 0 789 16 11 "73,964 9 11 2,376 18 6 650,373 10 4 Total, Class II. ... 64,643 2 8 \ 992 2 5 65,635 '5 1

B.—No. 2.

Table B— continued. STATEMENT showing the EXPEND ITURE ESTIMATED, &c.— continued.

29

FINANCIAL STATEMENT.

o Authorized. Actual Reserved. Total. Saving. Excess. Estimates. Credits. Total. Expenditure. ( - £ s. d. £ s. d. £ s. d. . £ s. d. 1 £ s. d. £ s. d. £ s. d. £ s. d. 17 18 19 20 21 22 23 24 Class III. —Law and Justice. Colonial Charges — Attorney-General's Office Colonial Secretary's Office Miscellaneous ... Supreme Court ... District Courts ... Resident Magistrate's Courts Petty Session Courts Criminal Prosecutions 600 0 0 862 0 0 1,000 0 0 8,239 0 0 3,835 0 0 19,555 6 0 400 0 0 6,500 0 0 0 5 0 12 10 0 7 15 0 600 0 0 862 5 0 1,000 0 0 8,239 0 0 3,835 0 0 19,567 16 0 400 0 0 6,507 15 0 600 0 0 862 0 0 681 15 8 7,238 15 10 4,087 6 1 19,636 4 4 445 10 8 6,681 3 2 i 600 0 0 862 0 0 318 4 4 1,000 0 0 422 3 9 7,660 19 7 4,087 6 1 19,636 4 4 445 10 8 6,681 3 2 6 5 0 .'.'. 578 0 5 252 6 1 68 8 4 45 10 8 173 8 2 Total, Class III. 40,991 6 0 20 10 0 I | I 41,011 16 0 I I 40,232 15 9 740 8 1 40,973 3 10 578 5 5 539 13 3 25 26 27 28 29 30 31 32 33 34 35 36 Class IV. —Postal Depaetment. Colonial Charges —• Postal Department Conveyance of mails by sea San Francisco Service Auckland Taranaki Wellington Hawke's Bay Nelson Marlborough Canterbury Westland Otago Provincial Charges — Conveyance of Inland Mails Colonial Charges — Telegraph Department Telegraph Department 3,665 0 0 8,000 0 0 44,800 0 0 5,610 0 0 785 0 0 2,065 0 0 925 0 0 2,070 0 0 690 0 0 4,561 0 0 2,090 0 0 6,604 0 0 0 1028 6 8 0 16 8 1 13 4 3 15 0 17*18 4 3,665 1 0 | 8,000 0 0 44,800 0 0 5,638 6 8 785 0 0 ! 2,065 16 8 925 O Oj 2,070 0 0 691 13 4 4,564 15 0 2,090 0 0 6,621 18 4 ! 3,386 3 6 7,465 6 9 44,137 3 0 5,632 3 11 403 3 6 2,546 13 9 650 6 1 1,960 12 5 667 17 1 4,606 12 7 2,051 16 3 6,710 18 7 5 16 0 534 13 3 243 16 11 6 2 9 180 0 0 31 14 6 9 10 0 3,391 19 6 8,000 0 0 44,380 19 11 5,638 6 8 403 3 6 2,546 13 9 830 6 1 1,992 6 11 677 7 1 4,606 12 7 2,090 0 0 6,710 18 7 273 1 6 419* 0 1 381 16 6 94 13 11 77 13 1 14 6 3 480 17 1 38* 3 9 41*17 7 89* 0 3 37 24,200 0 0 15 0 0 24,215 0 0 | 20,583 6 9 314 6 1 20,897 12 10 3,317 7 2 38 39 3,245 0 0 32,171 0 0 90* 1 OS 3,245 0 0 i 32,261 1 0 I 3,032 13 11 28,521 2 3 112 6 1 839 18 9 3,145 0 0 29,361 1 0 100 0 0 2,900 0 0 Total, Class IV. ... Class V.—Customs. 141,481 0 0 157 12 0 141,638 12 0 132,356 0 4 2,316 8 1 I 134,672 8 5 7,577 18 6 611 14 11 40 41 42 43 44 45 Colonial Charges — Customs Offices and Services Auckland Taranaki ...' Wellington Hawke's Bay Nelson ... ... 1,781 13 4 8,070 8 4 510 0 0 3,906 19 2 1,155 0 0 3,616 J 3 4 2 2 0 67 5 0 14*11 8 1,783 15 4 8,137 13 4 510 0 0 3,921 10 10 1,155 0 0 3,631 13 4 1,198 6 5 6,775 9 0 489 5 6 3,495 14 2 1,118' 7 6 3,557 9 5 95 14 6 75 0 0 5 0 0 13 18 6 13 10 0 10 0 0 1,294 0 11 6,850 9 0 494 5 6 3,509 12 8 1,131 17 6 3,567 9 5 489 14 5 1,287 4 4 15 14 6 411 18 2 23 2 6 64 3 11 15" 0 0 Carried forward 19,040 14 2 98 18 8 19,139 12 10 16,634 12 0 213 3 0 16,847 15 0 2,291 17 10

B.—No. 2.

Table B— continued. STATEMENT showing the EXPENDITURE ESTIMATED, &c.— continued.

30

FINANCIAL STATEMENT.

o AUUHOBIZED. Actual Expenditure. Reseeved. Total. Saving. Excess. Estimates. Ceedits. Totals. £ s. d. £ s. d. 213 3 0 i 16,847 15 0 Brought forward £ s. d. 19,040 14 2 £ s. d. 98 18 8 £ s. d. 19,139 12 10 £ s. d. 16,634 12 0 £ s. d. 2,291 17 10 £ s. d. 48 47 48 40 50 Class V.—Customs— continued. Colonial Charges — continued. Marlborough Canterbury Westland Otago For Special Services in the Protection of the Revenue, Expenses of New Ports, and unforeseen Contingencies ... Distilleries Distilleries, Local ... ... Marine 800 0 0 4,103 0 0 3,396 O 0 8,361 13 4 9* 0 0 800 0 0 4,103 0 0 3,396 0 0 8,370 13 4 775 0 10 3,957 9 5 3,173 17 3 8,073 15 4 5 0 0; 780 0 10 17 14 9 3,975 4 2 25 0 0 3,198 17 3 27 0 0 8,100 15 4 19 19 2 127 15 10 197 2 9 269 18 0 51 32 53 750 0 0 450 0 0 1,060 0 0 10,175 0 0 107* 5 2 750 0 0 450 0 0 1,060 0 0 10,282 5 2 510 16 11 348 6 6 846 0 0 7,003 2 3 100 0 0 610 16 11 25 0 0 373 6 6 10 0 0 856 0 0 1,505 8 6 8,508 10 9 139 3 1 76 13 6 204 0 0 1,773 14 5 Total, Class V. ... 48,136 7 6 215 3 10 , 48,351 11 4 41,323 0 6 1,928 6 3 43,251 6 9 5,100 4 7 54 55 55 57 Class VI. —Native. Colonial Charges — ■ Salaries of European and Native Officers General Contingencies Native Lands Court Native Lands Fraud Prevention Act 13,433 5 0 9,200 0 0 1,100 0 0 500 0 0 45 3 4 146 10 8 13,478 8 4 9,346 10 8 1,100 0 O 500 0 0 11,861 14 8 10,057 15 0 1,100 0 0 216 3 3 1,616 13 8 100 0 0 13,478 8 4 10,057 15 0 1,100 0 0 316 3 3 711 4 4 ... 183 16 9 j ... Total, Class VI. ... Class VII.. —Miscellaneous, Special, and Tempoeaey Objects. 191 14 0 I 24,952, 6 7 I 183 16 9 711 4 4 24,233 5 0 24,424 19 0 23,235 12 11 I 1,716 13 8 58 59 Colonial Charges — Miscellaneous Bank Commission Provincial Charges — Charter of Steamer " Waipara" to convey passengers and luggage to Martin's Bay ... 28,201 16 10 3,500 0 0 129 4 9 0 6 9 i 28,331 1 7 3,500 6 9 31,973 15 5 2,679 11 10 31,973 15 5 2,679 11 10 820 14 11 3,642 13 10 60 65 0 0 65 0 0 65 0 0 65 0 0 Total, Class VII. 31,706 16 10 129 11 6 31,896 8 4 34,718 7 3 34,718 7 3 . 820 14 11 i 1 3,642 13 10 I ... 61 62 63 64 65 67 68 69 70 71 Class VIII.—Militia and Volunteees. Colonial Charges — Militia and Volunteers, Inspector's Department Store Department Auckland Taranaki Wellington Hawke's Bay Nelson Marlborough Canterbury Westland ... ... '.. 7. Otago ... ... V 1,160 0 0 2,641 17 6 8,183 16 0 1,042 0 0 6,277 6 0 1,247 0 0 1,103 2 0 547 0 0 2,309 6 0 626 16 0 3,363 10 O 15 4 2 1,160 0 0 2,657 1 8 8,183 16 0 1,042 0 0 6,277 6 0 1,247 0 0 1,103 2 0 547 0 0 2,309 6 0 626 16 0 3,363 10 0 28,516 17 8 1,244 7 6 2,607 2 0 6,365 4 5 603 16 0 4,599 15 8 910 5 6 766 10 3 163 2 6 1,345 0 8 406 10 3 2,557 15 6 21,569 10 3 49 19 8 1,818 11 7 438 4 0 1,677 10 4 336 14 6 336 11 9 383 17 6 964 5 4 220 5 9 805 14 6 1,244 7 6 2,657 1 8 8,183 16 0 1,042 0 0 6,277 6 0 1,247 0 0 1,103 2 0 547 0 0 2,309 6 0 626 16 0 3,363 10 0 84 7 6 Total Class VIII. 7,031 14 11 28,501 13 6 15 4 2 28,601 5 2 84 7 6

B.—No. 2.

Table B— continued. STATEMENT showing the EXPENDITURE ESTIMATED, &c.— continued.

31

FINANCIAL STATEMENT.

Authorized. o Estimates. £ s. d. 2,583 4 5 Credits. £ s. d. — Total. £ s. d. 2,583 4 5 Actual Expenditure. Reserved. Total. Saving. Excess. Estimates. Total. £ s. d. £ s. d. £ s. d. £ s. d. . £ s. d. Supplementary Expenditure oe 1870-71. Provincial Charges ... 2,583 4 5 2,583 4 5 Refunds op Revenue. ... j Colonial Charges ... : Provincial Charges ... 4,194 6 9 128 18 7 : ■ 4,194 6 9! ... 4,194 6 9 128 18 7 ' ... 128 18 7 Totals ... 4,323 5 4j ; 4,323 5 4 4,323 5 4 J Payments to Provinces. ... ! TTnder "The Payments to Provinces Act, 1870"... ... i TJnder "The Payments to Provinces Act, 1871"... 1,023 0 8 i 13,431 5 5 ; | 1,023 0 8 1,023 0 8 13,431 5 5 18,399 2 6 14,454 6 1 19,422 3 2 i 1,023 0 8 18,399 2 6 19,422 3 2 4,967 17 1 Totals ... 14,454 6 1 4,967 17 1 SUMMARY. Liabilities and Engagements — Permanent Charges Appropriations — Liabilities of 1869-70 Liabilities of 1870-71 Payments to Provinces 7,174 11 0 9,910 2 10 1,023 0 8 18,107 14 6 3,302 0 1 404 12 6 549 4 8 3,302 0 1 7,579 3 6 10.459 7 6 1,023 0 8 113,310 13 0 5,487 13 5 17,424 19 6 1,023 0 8 4 2 6 113,310 13 0 5,491 15 11 17,424 19 6 1,023 0 8 137, 250 9 1 2,087 7 7 110,008 12 11 6,965 12 0 ... ... Totals 4,255 17 3 22,363 11 9 137, 246 6 7 4 2 6 2,087 7 7: 116,974 4 11 Financial Tjeak 1871-72— Civil List ... Permanent Charges ... Appropriations— • Class I.—Public Domains and Buildings ... ,, II.' —Public Departments ,, III. —Law and Justice „ IV.- —Postal Services, &c. ,, V.—Customs Department ,, VI.—Native Department • „ VII. —Miscellaneous ... ,. VIII.. — Militia and Volunteers ... Supplementary Expenditure of 1870-71, authorized bv section 9 of " The Appropriation Act, 1871" Refunds of Eevenue... ... ... Payments to Provinces I ~ 'I "~ ~ I i 'I ' - 25,896 9 9 .390,452 15 6 1,603 10 3 112,677 16 6 27,500 0 0 503,017 3 6 113 8 6 27,500 0 0 503,130 12 0 25,896 9 9| 390,452 15 6 2,250 0 0 14 9 9 64,643 2 8 992 2 5 40,991 6 0 20 10 0 141,481 0 0 157 12 0 48,136 7 6 215 3 10 24,233 5 0 191 14 0 31,766 16 10 129 11 6 28,501 13 6 15 4 2 2,264 9 9 65,635 5 1 41,011 16 0 141,638 12 0 48,351 11 4 24.424 19 0 31,896 8 4 28,516 17 8 3,072 3 2 1 73,174 13 0 ' 789 16 11 40,232 15 9 740 8 1 132,356 0 4 i 2,316 8 1 41,323 0 6 1,928 6 3 23,235 12 11 : 1,716 13 8 34,718 7 3 21,569 10 3 7,031 14 11 I 3,072 3 2 73,964 9 11 40,973 3 10 134, 672 8 5 43.251 6 9 24,952 6 7 34.718 7 3 28,601 5 2 38 12 2 6,966 3 7 5,100 4 7 807 13 5 8,329 4 10 527 7 7 2,821 18 11 84 7 6 I 2,583 4 5 13,431 5 5 2,583 4 5 13,431 5 5 2,583 4 5 4,323 5 4 18,399 2 6 2,583 4 5 4,323 5 4 18,399 2 6 825,860 8 7 4,323 5 4 4,967 17 1 Totals 928,535 4 10 1,849 16 2 930,385 1 0 ! 811,337 0 8 [ 14,523 7 11 126, 386 7 1 21,861 14 8

]_—No. 2. 3

Table B— continued. STATEMENT showing the EXPENDITURE ESTIMATED, &c.— continued.

FINANCIAL STATEMENT.

Estimates. Authorized. Actual Expenditure. Reserved. Total. Saving. Excess. Credits. Total. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. j £ s. d. £ s. d. £ s. d. RECAPITULATION. Liabilities and Engagements ... Financial Year 1871-72 Unauthorized Expenditure, Table C Deduct Saving ... 18,107 14 6 4,255 17 3 ; 928,535 4 10 ; 1,849 16 2 946,642 19 4 6,105 13 5 946,642 19 4 j 6,105 13 5 22,363 11 9 930,385 1 0 1 2,087 7 7 116,974 4 11 126,386 7 1 : 21,861 14 8 128,473 14 8 '. 138,835 19 7 18,714 10 5 , 137,246 6 7 4 2 6^ 137,250 9 1 811,337 0 8 14,523 7 11 ; 825,860 8 7 952,748 12 9 948,583 7 3 ! 14,527 10 5 i 963,110 17 8 18,714 10 5 ; ... 18,714 10 5 ... 952,748 12 9 967,297 17 8 14,527 10 5 ! 981,825 8 1 128,473 14 8 ■ 157,550 10 0 j 128,473 14 8 29,076 15 4 i . Net Excess I I I Liabilities and Engagments — Colonial Provincial ... 13,134 13 10 3,950 0 0 4,221 7 3 34 10 0 17,356 1 1 3,984 10 0 130,982 9 10 5,240 16 1 4 2 6 130,986 12 4 5,240 16 1 113,630 11 3 1,256 6 1 17,084 13 10 1,023 0 8 4,255 17 3 , 21,340 11 1 1,023 0 8 136,223 5 11 1,023 0 8 4 2 6 136,227 8 5 ; 1,023 0 8 \ 114,886 17 4 Payments to Provinces ... ... Totals ... ... 22,363 11 9 137,246 6 7 ' 4 2 6 I 137,250 9 1 : I I— — 114,886 17 4 18,107 14 6 4,255 17 3 Financial Year 1871-72 — Colonial Provincial ... I 708,776 19 5 206, 327 0 0 1,834 16 2 15 0 0 710,611 15 7 206, 342 0 0 601,455 7 3 210, 197 1 4 14,209 1 10 314 6 1 615,664 9 1 210, 511 7 5 94,947 6 6 ... 4,169 7 5 Payments to Provinces ... j 915,103 19 5 13,431 5 5 1,849 16 2 916,953 15 7 13,431 5 5 811,652 8 7 18,399 2 6 830,051 11 1 14,523 7 11 826,175 16 6 18,399 2 6 94,947 6 6 4,169 7 5 4,967 17 1 9,137 4 6 ... ... ... ' I 928,535 4 10 1,849 16 2 930,385 1 0 14,523 7 11 844,574 19 0 94,947 6 6 Deduct Excess 9,137 4 6 i Net Saving, Financial Year 1871-72 Excess on Liabilities brought down Deduct net Saving, 1871-72 ... I 85,810 2 0 114,886 17 4 85,810 2 0 ... . Net Excess ... 29,076 15 4 ... ...

FINANCIAL STATEMENT.

33

8.-No. 2.

Table B (1). DR. BALANCE SHEET of the RECEIPTS and DISBURSEMENTS of the PUBLIC ACCOUNT for the FINANCIAL YEAR 1871-72. CR.

RECEIPTS. i DISBURSEMENTS. Consolidated Fund :— £ s. d. £ s. d. Consolidated Fund •■— £ s. d. £ s. d, Recoveries on account of Payments made in previous years,— Miscellaneous From Provinces on account of Debit Balances 35,146 18 3 26,693 12 5 61,840 10 8 Expenditure in respect of previous years,— Civil List Charges of Public Debt Permanent Appropriations Reserve Account Appropriations Payments to Provinces 983 2 8 109,009 3 4 3,31.8 7 0 30,650 5 0 22,912 12 11 1,023 0 8 167,896 11 7 Total Treasury Bills paid off ... ... ... Deficiency Bill paid off 50,000 0 0 60,000 0 0 Total Expenditure on account of previous years 277,896 11 7 Ordinary Revenue, 1871-72,— Customs Stamps ... Postal ... ... ... ... ... ... Telegraphic Judicial... ... ... Registration, &c. ... Incidental 788,711 4 5 74,630 10 1 47,054 18 3 28,471 6 7 28,519 3 10 31,456 9 10 8,571 1 4 Expenditure of 1871-72,— Colonial Charges, — Civil List Charges of the Public Debt ... £169,430 16 6 Permanent Appropriations ... 34,185 7 5 25,896 9 9 203,616 3 11 Total... Receipts in reduction of Expenditure 1,007,414 14 4 1,849 16 2 Appropriations, — Public Domains ... ... £2,264 9 9 Public Departments ... ... 62,468 9 8 Law and J ustice ... ... 39,693 2 6 Postal 111,160 18 8 Customs ... ... ... 41,323 0 6 Native ... ... .,. 22,524 8 7 Miscellaneous ... ... 31,010 13 5 Militia and Volunteers ... 21,485 2 9 Refunds of Revenue Unauthorized Expenditure 331,930 5 10 4,194 6 9 35,818 I 0 601,455 7 3 Total Colonial Charges ... ... ... Provincial Charges,— Charges of the Public Debt. ... £185,037 0 0 Permanent Appropriations ... 1,799 11 7 Appropriations, —■ Postal ... ... ... 20,583 6 9 Miscellaneous ... ... 65 0 0 Supplementary ... ... 2,583 4 5 ! £210,068 2 9 Payments to Provinces ... ... 18,399 2 6 Refunds of B,evenue ... ... 128 18 7 Total Provincial ChargeB 228,596 3 10 830,051 11 1 Moiety of Stainp Duties paid over to Public Works Account ... 1 37,295 4 11 Total Revonue, 1871-72 1,009,264 10 6 Total Expenditure, 1871-72 867,346 16 0 1,145,243 7 7 1,071,105 1 2 Treasury Bills redeemed... Advance from Special Fund repaid Treasury Bills Issued Treasury Bills Renewed Deficiency Bills ... ... .,, 90,000 0 0 150,000 0 0 100,000 0 0 150,000 0 0 20,295 6 6 1,411,105 1 2 1,315,538 14 1 AdymiP'.'s nni,sf:3i.T)di?ify ,'iOtb June, 1871 ... 19.208 1 I Advances outstanding, 80th June, 1872 ... 91,949 3 11 'si Cash, Bank of New Zealand, ditto 77. uasn, Banis: ol: in ew Zieaiana, cutto xra,owo jl rf 89,278 18 7 | 1,500,383 19 9 184,845 5 8 Total Consolidated Fund ... Total Consolidated Fund 1,500,383 19 9 ipecial Fund i— New Zealand Settlements Acts, — Sales of Land, Rent, &c. ... Special Fund .— New Zealand Settlements Acts, — Management and Survey of Confiscated Lands Transfers to Consolidated Fund under section 7 of " Appropriation Act, 1871" 7,164 13 0 3,957 17 9 3,814 0 5 10,978 13 5 " Consolidated Loan Act, 1867," — Sales of Debentures Recoveries 3.2,100 0 0 4,542 6 6 36,642 6 6 " Consolidated Loan Act, 1867," 1— Amount applied to purchase and redemption of debentures,— Wellington ... ... ... £900 0 0 Otago ... ... ... 1,050 0 0 Discount and Charges Brokerage and Commission on conversion of bonds Transferred to Consolidated Fund under section 7 of Appropriation Act, 1870 Province of Wellington —Balance of sums raised 1,950 0 0 665 19 5 213 0 0 7,439 12 10 13 17 5 '" Consolidated Loan Application Act, 1869," — Discount and Charges Recovered 947 7 0 " Consolidated Loan Application Act, 1869," — Disbursements- —Nil. . 10,282 9 8 " Temporary Loan Act, 1870," — Amount advanced by Bank of New Zealand ... 69,617 1 10 I "Temporary "Loan Act, 1870," — Transfer to Defence Loan Act Account ■ 69,617 1 10 Carried forward Carried forward 111,164 13 1 90,878 4 11

B.—No. 1.

Table B {!)—continued. DR- BALANCE SHEET of the RECEIPTS and DISBURSEMENTS of the PUBLIC ACCOUNT for the FINANCIAL YEAR 1871-72— continued. CR.

34

FINANCIAL STATEMENT.

RECEIPTS. DISBURSEMENTS. Brought forward £ s. d. £ s. d. £ «. d. £ s. d. 111,164 13 1 Brought forward 90,878 4 11 Special Fund— continued. " Defence Loan Act, 1870 :"— Transfer from Temporary Loan Act Account Sales of Debentures... Interest on Deposits Advances to Consolidated Fund Repaid Recoveries.,. ... - ... ... ■ ... 69,617 1 10 267,000 0 0 367 2 4 20,295 6 6 34,713 18 2 Special Fund— continued. ■" Defence Loan Act, 1870 :"— Schedule I.,— Armed Constabulary and Contingent Defence 33 „ Reserve Account Discount Charges and Expenses Schedule II., — Otago Dock Bonds redeemed Discount Charges and Expenses ... ... 152,045 15 0 20,000 0 0 14,768 6 2 Amount advanced by Bank of New Zealand 391,993 8 10 25,000 0 0 38,010 0 0 8,388 13 2 416,993 8 10 Redemption of Debentures issued under Temporary Loan Act ... ... £69,500 0 0 Advance to Consolidated Fund ... 66,295 6 6 Advance, Bank of New Zealand repaid, 25,000 0 0 233,212 14 4 "Wellington Debts Act, 1871:"— Sales of Debentures .. " Wellington Debts Act, 1871 ;"— Bank of New Zealand for overdraft .... ... Debt to Colonial G-overnment Provincial Account for payments under Schedule 1 Wellington S33.v3'ri«o Bartlc £o^ Prcvinciiii J}cbcixt~v~s and Interest ... Charges and Expenses Debentures redeemed 160,795 6 6 394,008 0 10 76,320 0 0 10,400 0 0 25,568 7 4 20,000 0 0 Debentures issued to Bank of New Zealand 8,978 16 4 734 5 10 35,4,00 0 0 35,400 0 0 / 111,720 0 0 101,081 9 6 Advances outstanding, 30th June, 1871 Cash, Bank of New Zealand, ditto 20,967 5 6 12,495 2 5 639,878 1 11 Advances outstanding, 30th June, 1872 Cash, Bank of New Zealand, ditto ... ... '*' 585,967 15 3 33,462 7 11 £673,340 9 10 7,938 2 9 79'434 11 10 87,372 14 7 Total, Special Fund Total, Special Fund 673,340 9 10 Public Works Account ■■— Public Works Account :— " Immigration and Public Works Loan Act, 1870,"— Sales of Debentures Moiety of Stamp Revenue... Deposits for Passages of Immigrants Interest received on deposits Recoveries 750,000 0 0 37,295 4 11 4,269 0 8 4,551 18 3 4,339 2 4 800,455 6 2 " Immigration and Public Works Loan Act, 1870,"— Interest and Sinking Fund Departmental Expenditure Roads in North Island Railways,— Middle Island Railway Fund North Island ... ... .... Miscellaneous ... 33,750 0 0 18,309 11 1 69,522 6 7 196,534 4 9 35,854 19 8 500 0 0 232,889 4 5 2,206 10 6 49,434 4 6 43,857 12 8 543 5 8 31,680 11 7 100,000 0 0 39,272 3 4 3,259 0 6 92 14 9 Water Supply on Gold Fields Purchase of Land in North Island Immigration Development of Coal Mines .., Telegraph Extension Payments under " Payments to Provinces Act, 1871 " ... Discount Charges and Expenses Greymouth Protection Works Refunds of Stamp Eevenue ... Amount advanced by Bank of New Zealand ... 624,817 5 7 75,000 0 0 Bank of New Zealand advance repaid „. __. Amount applied in redemption ot Debentures issued Temporary Loan Act ... ... i under 110,500 0 0 Advances outstanding, 30th June, 1871 Quaki, Bank of New Zealand, ditto 6,042 6 11 4,503 13 10 Advances outstanding, 30th June, 1872 Cash, Bank of New Zealand, ditto 185,500 0 0 35,017 14 4 40,666 7 0 10,546 0 9 75,684 1 4 Total, Public Works Account 886,001 6 11 Total Public Works Account 886,001 6 11 Land Fund :— / 336,311 0 6 61,746 19 11 78,766 16 5 5,442 0 3 1,195 14 4 986 3 5 Land Fund :■— 5,982 12 11 9,380 9 9 469,727 9 2 Land Revenue Gold Fields Revenue Gold Duty Receipts under Native Lands Act Recoveries from Provinces Recoveries Miscellaneous Charges on Land Revenue Native Lands Court and Survey Department Payments to Provinces 485,090 11' 10 Balance, 30th June, 1871,— Cash, Bank of New Zealand Less advances, Or. 484,448 14 10 1,836 14 6 1,788 12 2 48 2 4 Balance, 30th June, 1872,— Advances, Or. 593 14 8 Total, Land Fund Total. Land Fund 485,090 11 10 485,090 11 10 Trust Fund:— Trust Fund:— Deposits received ... Investments realized Interest on Investments 173,084 3 2 63,000 0 0 20,861 19 0 Deposits repaid Investments ... ... ... 97,327 13 8 170,940 17 6 Cash, Bank of New Zealand, 30th June, 1871 Less advances, Or. 63,962 14 2 28 11 10 256,946 2 2 Advances outstanding, 30th June, 1872 Cash, Bank of New Zealand, ditto 2,096 1 4 50,515 12 0 268,268 11 2 63,934 2 4 52,611 13 4 320,880 4 6 Total, Trust Fund 320,880 4 6 ■ Total, Trust Fund

FINANCIAL STATEMENT.

35

B.—No. 2

Table B (2). STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FUND for the FINANCIAL YEAR 1871-2.

Table B (3). STATEMENT showing the RECEIPTS and EXPENDITURE of the TRUST FUND from the 1st JULY, 1871, to the 30th JUNE, 1872.

Balances on 1st July, 1871. Receipts. Expenditure. Balances on 30th June, 1872. Dr. Dr. Dr. Dr. Dr. £ s. d. 26 2 10 2 14 5 13 11 8 20 12 0 247 3 10 82 18 8 157 7 0 371 14 0 64 0 8 288 6 1 £ s. d. 100 4 2 44,003 19 10 245 3 4 18,919 1 0 10,243 4 2 33,758 1 6 6,047 7 5 117,828 11 8 35,638 9 2 217,664 12 7 £ s. d. 126 7 0 47,630 9 9 263 11 8 20,289 1 4 10,756 15 1 33,707 1 4 5,814 14 11 113,823 7 8 35,070 15 3 217,608 7 10 £ s. d. Colonial ... Auckland Taranaki... Wellington Hawke's Bay Nelson Marlborough Canterbury Westland... Otago Dr. Dr. Dr. Dr. Dr. Dr. 3,623 15 6 4 16 8 1,390 12 4 266 7 1 31 18 6 75 5 6 4,376 18 0 503 13 3 232 1 4 Deduct Debit Balances 661 6 9 613 4 5 Dr. 4,955 16 9 5,549 11 5 Balances 48 2 4 484,448 14 10 485,090 11 10 Dr. 593 14 8

Balances on 1st July, 1871. * Receipts from 1st July, 1871, to 30th June, 1872. Expenditure from 1st July, 1871, to 30th June, 1872. Balances on 30th June, 1872. Intestate Estates Fund Account Intestate Estates Expenses Account ... Estates of Deceased Soldiers Real Estate Administration Account... Supreme Court Account Trustees Relief Act Account Unclaimed Dividend Account Unclaimed Property Account Unclaimed Balances Closed Account ... Post Office Money Order Account Post Office Savings Banks Account ... Ditto, Interest Account Military Savings Banks Account " Merchant Shipping Act, 1858 " Native 10 per cent. Refunds, Auckland Account Native Reserves Account Native 5 per cent. Wairarapa Land Purchase Account Natives, Wellington, Deposits Acoount Land Assurance Fund Account " Land Clauses Consolidation Act, 1863" " Lunatics Act, 1868 " " Government Annuities Act, 1869 "... Wellington Reclaimed Land Account... Library Fund Account £ s. d. £ s. d. £ s. d. £ s. d. 26,366 5 0 250 0 1 1,327 11 4 1,169 5 5 110 10 8 1,666 18 3 339 8 9 679 6 1 138 16 4 Dr. 2,489 1 9 294,877 19 9 10,962 13 7 613 7 10 20 2 11 429 7 1 534 5 8 2 6 8 34 8 1 16,321 9 0 693 16 7 340 6 1 31 1 9 108 19 10 1,980 17 9 208 5 2 21,007 9 7 169 11 4 1,007 8 2 1,567 10 9 1 10 10 220 6 2 341 15 5 505 9 0 138 16 4 Dr. 1,366 1 5 365,894 15 9 20,861 19 0 156 4 9 30 2 3 60,963 2 5 71,016 16 0 20,861 19 0 59,840 2 1 156 4 9 7 0 2 23* 2 1 4,662 18 8 4,537 6 3 19 0 0 6,879 7 9 7,202 13 8 4,681 18 8 4,214 0 4 520 13 3 370 0 0 354 12 9 1,500 14 7 1,200 0 0 907 17 10 17,857 10 8 70 0 0 50 0 0 5 6 3 1,200 0 0 1,548 13 0 7,776 2 6 70 0 0 520 13 3 370 0 0 1,850 1 1 1,895 8 8 6,642 17 11 1,254 13 ' 6 *16,724 6 1 60 0 0 Deduct Debit Balance 346,073 4 1 2,489 1 9 441,568 12 3 1,366 1 5 Totals 343,584 2 4 193,946 2 2 97,327 13 8 440,202 10 10 The balance of £440,202 10s. lOd. is held as follows :— In Government Securities In cash at Bank of New Zealand Under advance to Officers for Trust Fund purposes £ ... 387,591 ... 50,51! 2,091 s. d. 17 6 12 0 1 4 £440,202 10 10 * Including interest to 30th June, 1872.

B.—No. 2

36

EINANCIAL STATEMENT.

Table C. STATEMENT of the UNAUTHORIZED EXPENDITURE out of the CONSOLIDATED FUND, from the 1st JULY, 1871, to the 30th JUNE, 1872.

FOR SERVICES NOT PROVIDED FOR. £ s. d. £ s. d. Colonial Charges. 774 13 9 309 18 0 604 2 6 4 6 0 New Government House — Balance of Contract, Fences, Gates, &c. Laying out Grounds, &c. Gas Fittings, Furniture, &c. Expenses of Witness, Martin dispute Interest on Treasury Bills, &c. — Half-year's Interest, Treasury Bill No. 1, for £12,000, at 4d. per cent, per diem, 1st April to 14th December Interest on the balance at credit of the Government Annuities Account 1,693 0 3 516 0 0 543 0 0 Weights and Measures Act — Inspector, Wellington, Fees (February—December) 16 8 Lunatics Act — Administrators in the Estates of Lunatics— Paid to Registrar Supreme Court, Nelson „ „ „ Canterbury ... 12 13 1 12 18 7 25 11 8 Treasury— Clerk to Paymaster, Napier,—Salary 1st July, 1871, to 30th June, 1872 150 0 0 Supreme Court — Balance of Contract for erection of the Supreme Court, Wanganui, and Furniture, &c, for same ... 1,030 11 4 Postal — Gratuity for Carrying Letters—Chatham Islands Balance of cost of erection of new Post Office, Arrowtown ... ,, „ ,, „ Balclutha 0 11 0 163 5 0 53 10 0 217 0 0 Customs— Books for Inspector's Office Passage of Mr. Hart to Bluff ... Chatham Islands — Salary of Collector, 15th March to 30th June, 1871 ,, Coastwaiters, 21st June, 1871 Contingencies 0 11 3 2 0 0 58 6 8 16 13 4 7 8 0 84 19 3 Native — Expenses, case Mohi v. Craig ... Tools for Survey Work, Coromandel 65 5 6 2 7 0 67 12 6 Miscellaneous — Rewards under " The Arms Act, 1869 " Actuary under "The Civil Service Act Amendment Act, 1871" Reward under the Licensing Act Refund to Province of Auckland of Fees under " The Sharebrokers Act, 1871 " Defalcations of J. Alexander, Postmaster, Kaiapoi, December, 1870 ... Removing and repairing Furniture, Public Offices, Auckland Travelling Expenses of the Accountant in Bankruptcy Mulberry Trees for Botanical Gardens ... ... ... ... Erection of Lock-up at Patea Proportion of Mail Subsidy, Wanganui to New Plymouth Premium on Guarantee Policy of Administrator of Lunatics Estates, Nelson ... Superintending Public Works in Waikato in 1864 Compensation for Losses by Wreck of s.s. " Lord Worsley " 325 0 0 200 0 0 5 0 0 1,275 0 0 35 17 10 36 19 6 83 17 6 100 0 0 94 10 0 1,500 0 0 7 10 0 20 0 0 9 10 10 3,693 5 8 Provincial Charges. Auckland — Moiety of Cost of Survey of Mount Albert and Britomart Barracks Wellington — Pay of Wanganui Militia, June Quarter, 1871 ... Taranaki —■ Pay of Militia, June Quarter, 1871 ... ... ■•• . 21 1 0 24 4 8 76 10 0 Land Fund — Auckland — Travelling Expenses—Inquiry into Working of Native Lands Act Hawke's Bay — Salary of Commissioner of Crown Lands, June Quarter, 1871 121 15 8* 31 10 0 81 10 0 50 0 0 Trust Fund— Native Reserves — Survey Expenses, Southland Reserves 78 16 1 Carried forward 8,304 15 1

FINANCIAL STATEMENT.

37

B.—No. 2

Table C- continued. STATEMENT of UNAUTHORIZED EXPENDITURE— continued.

£ s. d. £ s. d. 8,304 15 1 Brought forward Defence (Recoverable, from Defence Loan) — Pay of Native Contingent for March, April, and May, 1870 Rations Forage Transport ... Clothing, &c. Tents and Camp Equipage Ammunition Miscellaneous 7,267 17 10 212 19 5 5 12 6 36 14 2 136 9 6 79 15 0 262 9 5 16 13 6 Prizes Targets Drill Shed, Invercargill Carriage and Freight New Zealand Cross ... Contingencies 11 0 0 3 18 0 150 0 0 13 0 0 154 6 0 4 13 0 8,018 11 4 Notary's Fee on transfer of Steamer " Luna " 336 17 0 3 3 0 Confiscated Lands— Payment on account of Claims for interest in Tauranga Confiscated Block Cancellation of Lease, Waikapa Reserve Purchase Money of ditto Travelling Expenses re ditto ... 20 0 0 200 0 0 1,800 0* 0 10 4 0 2,030 4 0 Roads, North Island (Recoverable from Immigration and Public Works Loan)— Laying out Road at Whangapoua 21 0 0 Total £18,714 10 5 No. of Vote. Authorized (including Credits). Expended. Excess. FOR SERVICES IN EXCESS OF APPROPRIATIONS. £ s. d. £ s. d. £ s. d. 2 Liabilities and Engagements 10,459 7 6 17,424 19 6 6,965 12 0 3 4 5 6 8 10 11 16 21 22 23 24 30 84 36 55 58 61 Financial Year 1871-72. Public Domains and Buildings Governor's Establishment Legislative Department ... Executive Departments ... Printing Department Geological Department ... Electoral Department Deeds Registry —Local District Courts ... Resident Magistrates'Courts Petty Sessions Courts Criminal Prosecutions Postal, Wellington Postal, Canterbury Postal, Otago Native —General Contingencies Miscellaneous Militia and Volunteers, Inspector's Department 2,264 9 9 1,609 13 0 14,110 14 0 14,495 7 6 6,279 12 6 2.966 15 0 2.967 14 0 8,553 1 1 3,835 0 0 19,567 16 0 400 0 0 6,507 15 0 2,065 16 8 4,564 15 0 6,621 18 4 9,346 10 8 . 28,331 1 7 1,160 0 0 3,072 3 2 1,698 14 10 22,096 19 9 15,093 13 5 6,391 15 11 3,410 15 2 3,980 9 10 9,016 11 6 4,087 6 1 19,636 4 4 445 10 8 6,681 3 2 2,546 13 9 4,600 12 7 6,710 18 7 10,057 15 0 31,973 15 5 1,244 7 6 170,176 10 2 807 13 5 89 1 10 7,986 5 9 598 5 11 112 3 5 444 0 2 1,012 15 10 463 10 5 252 6 1 68 8 4 45 10 8 173 8 2 480 17 1 41 17 7 89 0 3 711 4 4 3,642 13 10 84 7 6 146,107 7 7 24,069 2 7 Liabilities. Current Year. Totals. SUMMARY. £ s. d. £ s. d. £ s. d. For Services in Excess of Appropriations, chargeable on Consolidated Fund For Services not provided for — Chargeable on Consolidated Fund „ Trust Fund „ Land Fund „ Confiscated Lands ,, Defence Loan ,, Provinces „ Public Works Loan 6,965 12 0 17,103 10 7 8,022 13 4 78 16 1 81 10 0 2,030 4 0 8,358 11 4 121 15 8 21 0 0 24,069 2 7 18,714 10 5 6,965 12 0 35,818 1 0 42,783 13 0

B.—No. 2.

Table D. "APPROPRIATION ACT, 1871," SCHEDULE 5— COLONIAL DEFENCE. STATEMENT showing the Expenditure Estimated; the Recoveries to Credit; the Expenditure actually made during the Year from the 1st July, 1871, to the 30th June, 1872; the Amount Reserved; and the Saving or Excess.

38

EINANCIAL STATEMENT.

O m, o Authorized. Actual penditure. Reserved. Saying. Excess. Estimates. Credit. Total. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Deeence Oehce ... 1,375 0 0 1,375 0 0 1,324 0 7 78 79 Armed Constabulary :— ■ Commissioner's Office, &c. Pay and Allowances Contingent Expenditure — Rations Clothing Purchase of Horses Forage Saddlery and Repairs ... Arms, Ammunition, &c. Travelling Expenses ... Transport Buildings and Repairs Shoeing Horses Hospitals Miscellaneous 1,550 0 0 88,413 19 0 18,058 14 0 1,550 0 0 106,472 13 0 r 1,478 9 11 87,040 17 6 3,162 12 10 2,175 11 8 368 0 0 2,857 3 11 227 0 4 64 3 11 153 3 4 404 6 7 395 12 6 208 1 3 148 5 3 530 14 11 11,522 6 0 9,173 8 0 20,695* 14 0 Less amount to be contributed by Province of Auckland on account of the Year 1871-72 ... ... ... 101,486 5 0 27,232 2 0 128,718 7 0 99,214 3 11 6,697 12 8 94,788 12 4 6,697 12 8 6,697 12 8 Amount received from the Province of Auckland ... 27,232 2 0 *9,122 6 1 122,020 14 4 9,122 6 1 92,516 11 3 ... 94,788 12 4 18,109 15 11 | | 112,898 8 3 j 92,516 11 3 * Of this amount ;, £4,095 19s. 3d. is the balance of the contribution for the year 1870-71.

B.—No. 2.

Table E. STATEMENT of the EXPENDITURE of the PUBLIC ACCOUNT of NEW ZEALAND for the FINANCIAL YEAR 1871-72.

41

FINANCIAL STATEMENT.

CONSOLIDATED FUND. i GENERAL CHARGES. ! Auckland. Taranaki. , Wellington. Hawke's Bay. PROVINCIAL CHARGES. Nelson. Marlborough! Canterbury. Westland. Otai roT ..1, CONSOLIDATED EUND. i. Reserve Account. £ s- A. £ s. d. £ s. d. j £ s. d. Colonial Charges ... ... ... '< 20,795 8 6 Provincial Charges ... 3,464 12 10 6113 0! 1,927 19 3 Totals ... ... ... I 20,795 8 6 3,464 12 10 i 61 13 0 1,927 19 3J £ 8.. d. £ s. d. | £ s. d. £ s. d. | £ s. d. 809*' 9 11 373 "5 0| 260 *8 0 1,110 17 5; 392 12 7 ! 809 9 11373 5 0 260 8 0 1,110 17 5 1 392 12 7 £ 1,453 1. d. 8 6 ' £ s. d. 20.795 8 6 9.854 16 6 Reserve Account. Colonial Charges. Provincial Charges. 1,453 8 6 30,650 5 0 Totals. r~~ i Liabilities and Engagements. j Civil List Fund ... ... ... . ... , 983 2 8 ... ... . ... Permanent Charges:— Interest and Sinking Fund ... ... 109,009 3 4 Under Acts of General Assembly ... ... 3,135 15 4 ... ... ,. " Provincial Audit Act. 1866" ... ... ... 14 6 8 : 37 10 0 „ '" Justices of the Peace Act, 1866" ... i ... 60 13 0 23 15 6 j „ "Lunatics Act, 1868" ... ... ... ... 4 8 4; Appropriations : — ' Liabilities and Engagements, 1869-70, — Wanganui Bridge ... ... ... 5,062 9 3 .... Advances to Patea and Waitotara Settlers 425 4 2 Liabilities and Engagements, 1870-71, — Public Domains ... ... ... 53 9 10 Government Houses ... ... ... ,5487 Legislative Departments ... ... 192 0 3 .... Executive ... ... ... ... 208 19 1 . Printing Office ... ... ... 26 17 5 Geological Survey Department ... ... 56 6 8 Electoral ... .. ... ... . • 160 10.7 20 17 3 j 144 3 11 Law and Justice, — General ... ... ... ... : 309 9 0 District Courts ... ... . ... ... 41 4 4 ... [ Resident Magistrates'Courts... ... ... 208 6 10 112 17 0| 38 Oil Petty Sessions Courts ... ... ... ... ■•• ! 22 13 0 Criminal Prosecutions ... ... ... 92 10 6 4 13 0 i 12 10 0 Coroners, &c. ... 10111 6 ... | 66 5 0 Land and Deeds Registry ... ... ... 53 12 11 6 8 6, 5 14 2 Postal Services—Provincial *... ... ... 78 18 10 246 16 6 ! 100 15 9 Telegraph —General Contingencies ... j 690 75 Native—General Contingencies ... ... S 1,425 1 3 Inspector of Surveys' Department ... ... 40 0 0 Miscellaneous —General Charges ... j 8,738 9 5 Bank Commission ... ... ... ; 545 5 0 Defence Office - ... ... ... | 11 4 8 Store Department ... ... ... i 54 16 6 Militia and Volunteers .... ... | ... 70 0 2 ... 205 7 0 Total Colonial Charges ... ... ! 130,982 9 10 ' ... ... i Total Provincial Charges j ... 907 8 8 431 2 9 032 19 9 Payments to Provinces ... ... | ... • ■ ■ ■ ■ ■ Totals ... ••■ •■■ | 130,982 9 10 907 8 8 431 2 9 632 19 9 60 13 0 14 6 8 23 15 6 4 8 4 ... 37 10 0 4 3 4 37 .4 10 983 2 8 109,009 3 4 3.135 15 4 56 0 0 122 3 4 4 8 4 5,062 9 3 425 4 2 53 9 10 54 8 7 192 0 3 208 19 1 26 17 5 56 6 8 1,827 7 3 Liabilities and Engagements. Civil List Fund. Permanent Charges : — Interest and Sinking Fund. Under Acts of General Assembly. " Provincial Audit. Act, 1866." „ " Justices of the Peace Act, 1866 " „ " Lunatics Act, 1868." Appropriations : — Liabilities and Engagements,— Wanganui Bridge. Advances to Patea and Waitotara Settlers. Liabilities and Engagements, 1870-71, — Public Domains. Government Houses. Legislative Departments. Executive. Printing Office. Geological Survey Department. Electoral. Law and Justice, — General. District Courts. Resident Magistrates' Courts. Petty Sessions Courts. Criminal Prosecutions. Coroners, &c. Land and Deeds Registry. Postal Services —Provincial. Telegraph—General Contingencies. Native—General Contingencies. Inspector of Surveys' Department. Miscellaneous—General Charges. Bank Commission. Defence Office. Store Department. Militia and Volunteers. 160 10 7 20 17 3 | 144 3 11 15 U 0 79 13 11 6 12 0 179* 4 3 207 0 3 1,013 41 4 4 208 6 10 92 10 6 101 II 6 53 12 11 78 18 10 112 17 0 j 413 Oi ... 6* 8 6 , 246 16 6 38 0 11 22 13 0 12 10 0 66 5 0 5 14 2 100 15 9 4 18 0 6 6 9 99 1 0 10 2 10 10 17 6 8 10 0 26* 9 3 25 9 4 16 10 6 16 0 9 « 0 4 13 6 21 14 6 0 10 0 27 17 2 75 15 0 1 16 10 410 18 9 50 1 3 47 3 6 8 6 0 15 6 0 9 0 6 60 7 10 3 94 10 340 170 34 101 5 0 6 0 1 8 L9 4 5 6 I 2 L3 5 309 9 0 126 7 10 563 12 10 132 5 8 496 18 10 457 1 0 124 15 7 1,000 17 1 690 7 5 1,425 1 3 53 11 2 8,738 9 5 545 5 0 11 4 8 54 16 6 275 7 2 40 0 0 13 11 2 70 0 2 ... 205 7 0 907 8 8 434 2 9| 632 19 9 168 18 3 149* 9 0 1,023 0 8 24 16 10 717 16 6 ■397 5 4 1,807 .9 0 130,982 9 10 5,240 16 1 1,023 0 8 Total Colonial Charges. Total Provincial Charges. Payments to Provinces. 434 2 9 I 632 19 9 137,246 6 7 Totals. 907 8 8 168 18 3 1,172 9 8 24 16 10 717 16 6 397 5 4 1,807 .9 0

B.—No. 2.

Table E — continued. STATEMENT of the EXPENDITURE of the PUBLIC ACCOUNT of NEW ZEALAND for the FINANCIAL YEAR 1871-72.

42

FINANCIAL STATEMENT.

GENERAL LOCAL SERVICES. I Taranaki. | Wellington. Hawke's Bay. Nelson. Marlborough Canterbury. CONSOLIDATED FUND. CONSOLIDATED FUND. SERVICES. AUCI.LAND. ESTLAND. Otago. TOTALS. Financial Year 1871-72. Civil List Permanent Charges : — , Interest and Sinking Fund—Colonial Under Acts of General Assembly ... Appropriations ■ — Public Domains and Buildings Public Departments, — Governor's Establishment Legislative ... ... ... ... Executive Stamp ... ... Printing ... ... ... Store ... .T. Geological .... Electoral Education ... Land Transfer Deeds Registry ... Law and Justice, — General Services Maintenance of Maori Rebel Convicts ... Local Services :— Supreme Court District, Resident Magistrates', and Petty Sessions' Courts ... Criminal Prosecutions Postal Telegraph ... ... . Customs Marine ... ... ... Native ... ... ... Miscellaneous ... Bank Commission ... ... ... Militia and Volunteers ... ... ... Refunds of Revenue ... .... Supplementary ... ' £ s. d. 14,115 11 8 £ s. d. 3,81t 19 11 £ s. d. 800 0 0 £ s. d. 2,412 4 10 £ s. d. 107 10 0 £ s. d. 1,500 0 0 £ s. d. £ s. d. 1,547 18 4 £ s. d. £ s. d. 1,596 5 0 £ s. d. 25,896 9 9 Financial Year 1871-72. 169,430 16 6 24,964 0 4 3,072 3 2 1,698 14 10 22,096 19 9 11.837 8 5 1,051 4 2 6,391 15 11 478 5 7 3.057 12 1 143 2 10 1,105 18 11 147 6 2 2,3811 8 11 1,18')" 18 0 3615 10 10 57' 9 11 60S 7 10 f!62 12 3 2,051 9 1 2,273 10 6 61 "2 6 25 18 0 20 0 0 75 18 0 199 1 2 253 11 11 793 19 9 184' 0 0 200 0 0 70 1 6 428 10 8 836 6 9 1,000 11 4 1,129 18 1 64 6 8 115 12 0 20 0 0 102 13 0 376 5 8 385 0 6 Sl'l 6 235 19 8 116 3 5 25*0 0 374 14 5 753 17 6 • 679 12 6 106 3 0 54 13 0 36 4 1 68 15 3 217 6 9 407 2 2 510 16 8 712 O 5 257 5 9 57 3 4 729 0 9 1,014 10 0 1,777 6 1 315 17 6 272 *16 2 150 12 8 20 0 0 211 12 3 396 XX 5 217 16 4 1,450 10 2 481 8 7 368 7 5 83* 8 '4 1,335 17 8 2,163 9 3 2,244 1 7 169,430 16 6 34,185 7 5 3,072 3 2 1,698 14 10 22,096 19 9 15,093 13 5 2,690 18 4 6,391 15 11 478 5 7 3,410 15 2 3,980 9 10 143 2 10 8,025 19 8 9,163 17 8 Civil List. . Permanent Charges :— Interest and Sinking Fund—Colonial. Under Acts of General Assembly. Appropriations,— Public Domains and Buildings. Public Departments,-— Governor's Establishment. . Legislative. Executive. Stamp. Printing. Store. Geological. Electoral. Education. Land Transfer. Deeds Registry. Law and Justice, — General Services. Maintenance of Maori Rebel Convicts. Local Services, — . . Supreme Court. District, Resident Magistrates', and Petty Sessions' Courts. Criminal Prosecutions. Postal. Telegraph. Customs. Marine. •Native. Miscellaneous. Bank Commission. Militia and Volunteers. Refunds of Revenue. Supplementary. 1,886 3 0 681 15 8 1,886 3 0 681 15 8 1,525' 16 0 50 0 0 994 4 6 237 7 0 374 19 0 72 14 5 1,590.14 7 432 18 8 1,533 18 8 6,814 12 10 54,988 13 3 3,032 13 11 1,608 10 7 2,168 5 11 1,034 14 10 27,801 14 8 2,679 11 10 1,250 15 6 4,194 6 9 15,394 5 6 4,345 3 5 1,81* 18 11 5,635: 3 11 5,601 8 11 7,411 9 6 596 15 6 14,011 19 8 1,395 17 4 480 7 6 33-7 0 403 3 6 814 18 11 489 5 6 2,954 3 1 597 9 6 2,546 13 9 4,413 11 3 3.495 14 2 787 9 8 4,097 1 7 576 5 10 978 18 6 458 16 8 650 6 1 1,468 4 4 1,250 1 6 1,239 11 3 214 15 6 1,960 12 5 1,478 7 5 3,557 9 5 790 1 8 12 10 0 111 15 10 434 12 2 156 7 0 667 17 1 1,526 14 10 775 0 10 441 4 10 10 0 0 80 15 9 5,162 15 1 649 19 8 4,606 12 7 5,088 11 2 3,987 9 5 395 6 7 304 12 0 326 7 11 1 1 326 9 1 691 3 8 051 16 3 194 9 4 174 1 3 3 0 0 6,245 1 0 2,065 5 3 6,710 18 7 6,933 16 1 8,570 16 1 1,821 18 1 689 11 4 44,, 1 2 24,169 1 1 6,681 3 2 80,218 17 5 31,553 16 2 34,319 18 3 7,003 2 3 23,235 12 11 31,973 15 5 2.679 11 10 21,569 10 3 4.194 6 9 18,714 10 5 1,377 "l7 7 877 5 7 1,689 "5 11 312 8 3 44 3 1 7,56-7 11 9 74l'19 4 5,844 14 4 915 "lO 0 771 11, 5 164 "l8 6 1,345 0 8 410 11 3 2,560 17 6 1,340 18 6 674 3 0 496 14 10 201 10 0 112 13 1 48" 16 5 445' 9 1 Totals ... Moiety of Stamp Duties, paid to Public Works Account Overdraft, Bank of New Zealand, Repaid Treasury Bills Redeemed ... Advance from- Special Fund Repaid ... 376,312 11 9 37,295 4 11 60,000 0 0 200,000 0 0 20,295 6 6 62,741 0 2 9,654 10 0 32,729 17 4 10,463 14 2 14,560 17 0 5,220 9 8 30,112 7 5 14 »13 18 11 47,746 0 10 601,455 7 3 37,295 4 11 60,000 0 0 200,000 0 0 20,295 6 6 Totals. Moiety of Stamp Duties, paid to Public Works Account. Overdraft, Bank of New Zealand, Repaid. Treasury Bills Redeemed. Advance from Special Fund Repaid. Total Colonial Charges 693,903 3 2 62,741 0 2 9,654 10 0 32,729 17 4 10,463 14 2 14,560 17 0 5,220 9 8 30,112 7 5 7 13 18 11 47,746 0 10 919,045 18_8 Total Colonial Charges. Financial Year 1871-72. Provincial Charges: — Interest and Sinking Fund Provincial Audit Aet ... Conveyance of Inland Mails Charter of Steamer " Waipara " ... Unauthorized Expenditure oi 1870-71 Refunds of Revenue 40,931 11 4 350 0 0 3,145 3 7 1,986 5 3 62 0 0 323 3 7 17,264 10 1 112 10 0 1,994 14 0 6,949 2 4 137 10 0 510 8 8 4,909 0 0 250 0 0 1,399 2 9 8 3 9 50 0 0 714 12 0 36,786 7 6 500 0 0 4,107 11 10 _i 585 10 3 100 0 0 558 14 10 65,613 9 6 237 11 7 5,832 15 6 65 0 0 1,083 9 11 8 5 0 185,037 0 0 1,799 11 7 20,583 6 9 65 0 0 2,583 4 5 128 18 7 Financial Year 1871-72. Provincial Charges : — Interest and Sinking Fund. Provincial Audit Act. Conveyance of Inland Mails. \ Charter of Steamer " Waipara." Unauthorized Expenditure of 1870-71. Refunds of Revenue. 51511 7 5 7 4 275 0 0 418 9 6 23 10 0 153 17 1 1"is 11 4*1 2 84* 3 0 89 16 3 44"l5 3 Totals ... 44,951 13 10 2,646 8 10 19,813 13 7 7,750 18 1 6,559 19 8 776 16 11 41,567 18 7 ,289 0 4 72,840 11 6 210,197 1 4 Totals. Payments to Provinces : — Capitation Allowance, &c. 1,635 0 8 801 11 7 5 17 7 9,203 12 0 2,723 14 1 26 6 7 4,000 0 0 18,399 2 6 Payments to Provinces : — Capitation Allowance, &c. Total Provincial Charges ... 46,58E 14 6 3,448 0 5 19,813 13 7 7,756 15 8 115,763 11 8 3,500 11 0 41,567 18 7 t ,315 6 11 76,840 11 6 228,596 3 10 Total Provincial Charges. RECAPIT LA :on. Colonial Charges— Liabilities as above Current Services as above Reserve Account Provincial Charges— Liabilities as above ... ... Current Services as above Reserve Account £ s. d. ... I £ s. d. i 130,982 9 10 919,045 18 8 20,795 8 6 5,240 16 1 25,160 1 4 9,854 16 6 | 40,255 13 11 . 185,037 0.0 £ 8. d. 1,070,823 17 0 Interest and Sinking Fund 1,023 0 8 18,399 2 6 225,292 13. 11 Payments to Provinces — Liabilities ... Current ... . I ! 19,422 3 2 244,714 17. 1 Total Expenditure ... f £1,315,538 14 1

43

B.~lfo. 2,

Table F. STATEMENT showing the TOTAL SUMS CREDITED, DEBITED, PAYABLE and PAID to the several PROVINCES under "The Payments to Provinces Act, 1871," during the FINANCIAL YEAR 1871-72.

FINANCIAL STATEMENT.

Sums Credited. Sums Debited. Transfers to this Account to cover Balances arising during the Year. Payments on Account of Services charged Provincially. Sums Payable to Provincial Accounts. Total. Capitation Money. Special Allowance. Total. Interest and Sinking Fund. Total. Auckland Taranaki Wellington Hawke's Bay ... Nelson ... Marlborough ... Canterbury Westland Otago £ s. d. 46,751 6 0 3,360 0 0 18,000 15 0 4,544 5 0 16,875 15 0 3,926 5 0 35,100 15 0 11,517 15 0 52,118 5 0 £ s. d. 4,000 0 0 250 0 0 750 0 0 1,500 0 0 £ s. d. 219 16 1 375 0 11 96018 5 £ s. d. 50,971 1 1 3,985 0 11 18,750 15 0 7,005 3 5 16,875 15 0 3,926 5 0 39,894 1 4 13,437 7 6 57,015 19 3 £ s. d. 40,934 11 4 1,980 5 3 17,264 10 1 6,949 2 4 4,909 0 0 8 3 9 36,786 7 6 10,585 10 3 65,613 9 6 £ s. d. 8,389 4 0 1,155 19 4 5,110 2 6 1,780 3 11 2,173 13 8 1,053 18 0 6,610 5 0 3,493 8 0 10,488 19 6 £ s. d. 49,323 15 4 3,14-2 4 7 22,374 12 7 8,729 6 3 7,082 13 8 1,062 1 9 43,390 12 6 14,078 18 3 76,102 9 0 £ s. d. 1,647 5 9 842 16 4 Dr. 3,623 17 7 Dr. 1,724 2 10 9,793 1 4 2,864 3 3 Dr. 3,502 11 2 Dr. 641 10 9 Dr. 19,086 9 9 £ s. d. 50,971 1 1 3,985 0 11 18,750 15 0 7,005 3 5 16,875 15 0 3,926 5 0 39,894 1 4 13,437 7 6 57,015 19 3 1,919 12 6 4,793 6 4 4,897 14 3 ... Totals 192, 195 0 0 8,419 12 6 185,037 0 0 40,255 13 11 211,861 8 6 11,246 16 0 211,861 8 0 225,292 13 11 Dr. 13,431 5 5 Sums Payable to Provinces (as above). Sums Paid to Provinces. Balances Dr. Balances Cs. Auckland ... Taranaki ... Wellington Hawke's Bay Nelson Marlborough Canterbury Westland ... Otago £ s. d. 1,617 5 9 842 16 4 Dr. 3,623 17 7 Dr. 1,724 2 10 9,793 1 4 2,864 3 3 Dr. 3,502 11 2 Dr. 641 10 9 Dr. 19,086 9 9 £ s. d. 1,638 0 8 801 11 7 £ s. d. £ s. d. 9 5 1 41 4 9 5 17 7 9,203 12 0 2,723 14 1 3,623*17 7 1,730 0 5 589* 9 4 140 9 2 26*' 6 7 4,000 0 0 3,502 11 2 667 17 4 23,086 9 9 Totals 32,610 16 3 780 8 4 13,431 5 5 18,399 2 6

B.—No. 2.

Table G. SUMMARY of RECIEPTS and EXPENDITURE of the Public Account of NEW ZEALAND for the FINANCIAL YEAR 1871-72.

44

FINANCIAL STATEMENT.

Receipts. | Expenditure. Balances in hand on 1st July, 1871. Receipts. Imprests unaccounted for, 1st July, 1871. Totals. Balances in hand on 30th June, 1872. Expenditure. Imprests unaccounted for 30th June, 1872 (see Statement beneath). Totals. Consolidated Fund Special Fund ... Public Works Account ... Land Fund Trust Fund £ s. d. 70,070 17 0 12,495 2 5 4,503 13 10 1,836 14 6 63,962 14 2 £ s. d. 1,411,105 1 2 639,878 1 11 875,455 6 2 484,448 14 10 256, 946 2 2 £ s. d. 19,208 1 7 20,967 5 6 6,042 6 11 Cr. 1,788 12 2 Cr. 28 11 10 £ s. d. 1,500,383 19 9 673,340 9 10 886,001 6 11 484,496 17 2 320, 880 4 6 £ s. d. 92,896 1 9 79,434 11 10 40,666 7 0 £ s. d. 1,315,538 14 1 585,967 15 3 810,317 5 7 485,090 11 10 268,268 11 2 Cr. £ s. d. 91,949 3 11 7,938 2 9 35,017 14 4 593 14 8 2,096 1 4 £ s. d. 1,500,383 19 9 673,340 9 10 886,001 6 11 484,496 17 2 320, 880 4 6 50,515* 12 0 Totals 152,869 1 11 263,512 12 7 3,465,182 17 11 136,407 7 8 3,865,102 18 2 3,667,833 6 3 44,400 10 0 ■ 3,865,102 18 2 I Advances —Imperial Government „ to Provinces in Separate Account ,, under Auckland Reserves Act ,, Miscellaneous £ s. d. 321 4 1 ... 16,065 17 6 ... 2,101 3 0 ... 49,034 5 6 Agents for Loan —Cash in Deposit Account. Bank of New Zealand, London ... 67,522 10 1 ... 68,884 17 7 Total £136, 407 7 8 C. T. BATKDSf, Paymaster-General and Accountant. Treasurj y, 14th August, 1872.

B.—No. 2,

Table H. STATEMENT of the RECEIPTS of the CONSOLIDATED FUND for the YEAR ended 30th JUNE, 1872.

45

FINANCIAL STATEMENT

PROVINCIAL. RECEIPTS. GENERAL. TOTALS. Auckland. i Taranaki. Wellington. Hawke's Bay. Nelson. Marlborough. Canterbury. Westland. Otago. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Customs Duties „ B.ents, Seizures, Fines, &c. ... ,, Bonded Warehouse Duties ... 33 17 4 33 17 4 181,656 7 4 142 8 2 1,219 9 0 5,505 3 4 11 0 7 25 0 0 74,900 10 9 I 606"ll 6 22,381 4 0 4 3 0 212 10 0 71,714 14 1 26 15 4 250 0 0 6.960 4 11 7 19 9 52 8 5 102,757 16 2 3 16 0 450 7 8 63,547 3 5 13 6 450 0 0 245, 507 5 1 16 1 0 812 10 0 774,970 12 5 213 7 4 4,078 16 7 Fees: — "Merchant Shipping Act, 1858" ... " Arms Act, 1860 " " Marine Act, 1866 " " Steam Navigation Act, 1S66 " ... "Ovster Fisheries Act, 1866" " Trade Marks Act, 1866 " " Distillation Act, 1868 " Stamp Duties Postal ,, Telegraphic 0" 4 0 4 0 6 13 0 6 218 11 3 660 8 0 1,253 2 3 147 0 0 10 0 27 0 6 17 0 5 ... ... 77 8 9 150 14 0 752 12 6 111 6 0 5 8 3 43 10 0 39 17 2 27 6 0 33 9 9 168 14 0 619 19 11 47 5 0 2 12 6 5 16 3 58 8 0 63 18 7 l" 2 6 116 12 6 184 19 0 1,159 5 5 64 1 0 2 12 6 7 2 3 142 5 0 39 16 5 18 18 0 136 13 6 285 9 0 1,997 0 5 91 7 0 3 7 6 3 3 0 156 0 0 22,603 4 7 14,730 3 8 8,640 10 0 602 2 6 1,721 11 6 5,942 13 1 507 3 0 9 15 0 3 3 0 662 0 0 74,630 10 1 47,054 18 3 28,471 6 7 98 0 0 18,130 8 10 10,386 5 1 5,157 12 4 7 0 0 396 5 7 552 4 11 203 16 6 83 0 0 7,295 18 10 5,026 4 10 3,856 19 10 20 0 0 2,262 9 0 1,612 7 4 1,321 2 10 73 0 0 4,940 7 5 2,657 8 6 2,227 2 9 24 0 0 673 4 11 753 17 7 841 8 2 118 0 0 14,886 7 3 8,387 0 2 3,979 11 11 83 0 0 3,438 3 2 2,930 5 8 2,243 2 3 Judicial Fees and Fines: — Supreme Courts Sheriffs' Offices District Courts Resident Magistrates' Courts Petty Sessions Courts 25 6 0 961 8 10 69 9 11 796 11 0 3,736 16 11 110 8 0 16 5 0 79* *3 9 246 14 11 672 6 8 30 16 0 122 15 8 11 3 0 106 12 3 449 0 6 138 18 0 362 5 0 42 8 6 75 19 0 2,751 8 3 101 6 0 20 19 0 890 12 4 61 4 8 125 19 6 3,701 8 0 148 6 8 I 125 4 6 4 7 0 651 15 0 2,735 9 11 1,226 17 6 32 8 0 378 15 6 5,044 15 9 112 2 9 4,479 1 6 272 16 1 2,214 16 0 21,028 7 10 524 2 5 1,990 9 3 346 18 4 14 7 0 ... Fees: — Registration of Land ,, Deeds ,, Births, Marriages, &c. ,, Medical Practitioners „ Joint Stock Companies Issue of Crown Grants ... Under " Land Claims Settlement Act, 1856 " „ "Native Circuit Courts Act, 1858" ... „ " Aliens Act, 1860 " „ " Patents Acts, 1860 and 1870" "Lost Land Orders Act, 1861" „ "Debtors and Creditors Acts, 1862-65-66" ,, " Licensing Ordinance Amendment Act, 1866" ... 4* 7 6 233" 18 6 10 0 0 548 12 3 3,698 13 0 707 11 0 1 15 0 310 5 0 1,358 9 9 18 19 0 6 2 0 489 11 6 55 3 0 2 "5 0 480 11 6 388 19 2 1,396 7 6 280 3 6 1 10 0 24 9 0 134 1 6 19 8 9 178 6 0 750 8 6 93 17 6 581* 6 8 333 12 0 693 15 0 185 1 0 1810 0 179 15 2 32 13 0 4-88 5 0 67 18 6 201" 10 11 1,099 18 0 3,359 16 6 471 12 6 3 10 0 14 13 0 1,278 2 7 ... 130 17 1 279 11 0 257 14 0 2" 7 0 252 2 7 1,820 18 5 3,633 0 6 736 18 0 3 10 0 29 15 0 2,154 18 0 4,539 17 11 14,789 8 6 2,860 6 6 10 5 0 432 4 0 6,620 18 8 19 8 9 18 19 0 30 0 O 233 18 6 4 0 0 30 0 0 3 0 0 10 0 : 41 17 8 I 41 17 8 10 0 0 2 10 0 Fines: — Under " Coroners Act, 1867 " 15 0 0 5 0 10 0 Carried forward 324 14 4 1231,418 11 11 ! 8,124 8 6 ; 97,838 9 4 30,362 5 8 87,404 3 2 10,716 6 10 143,307 16 0 77,341 7 9 310,162 14 2 997,000 17 8

B.—No. 2.

Table H— continued. STATEMENT of the RECEIPTS of the CONSOLIDATAD FUND for the YEAR ended 30th JUNE, 1872.

46

FINANCIAL STATEMENT.

GENERAL. PROVINCIAL. RECEIPTS. TOTALS. Auckland. Taranaki. Wellington. Hawke's Bay. Nelson. Marlborough. Canterbury. Westland. Otago. Brought forward Fees: —• Under " Lunatics Act, 1868 " „ " Weights and Measures Act, 1868"... „ "Sharebrokers Act,'1871" ... Armed ConstabularyjReward Fund ... Incidental Receipts £ s. d. 324 14 4 £ s. d. 231,418 11 11 17 16 0 5 15 7 1,425 0 0 £ s. d. 8,124 8 6 l"*7 6 £ s. d. 97,838 9 4 6* 0 10 £ s. d. 30,362 5 8 £ s. d. 87,404 3 2 12 13 5 1 10 4 £ s. d. 10,716 6 10 £ s. d. 143,307 16 0 19 12 8 24 19 7 £ s. d. 77,341 7 9 17* 1 10 £ s. d. 310,162 14 2 17 0 7 9 10 6 £ s. d. 997,000 17 8 67 2 8 66 6 2 1,425 0 0 284 6 6 8,571 1 4 284* 6 6 8,571 1 4 Total Ordinary Revenue Recoveries :— For Credit of Votes :— Service of the Year 1871-1872 ... Treasury Bills :— ■ " Treasury Bills Act, 1871," —Amount raised Amount raised under " The Public Revenues Act, 1871," s section 2 :— Advanced by the Bank of New Zealand by way of Overdraft ... Amount of Deficiency Bill 9,180 2 2 j232,867 3 6 8,125 16 0 97,844 10 2 30,362 5 8 87,418 6 11 10,716 6 10 143, 352 8 3 77,358 9 7 310,189 5 3 1,007,414 14 4 1,834 16 2 10 0 0 5 0 0 1,849 16 2 90,000 0 0 m 90,000 0 0 60,000 0 0 40,000 0 0 201,014 18 4 ] - 100,000 0 0 Total Revenue of the Year 1871-72 Receipts to Credit of previous Years, and Receipts per contra Recoveries: — For Credit of Votes :— Service of the Year 1869-1870;... 1870-1871 ... On account of Payments made from Revenue of previous years :— Advances to Patea Settlers From Provinces on account of Supplementary Expenditure of the year 1870-71 From the New Zealand Settlements Act Account From Land Fund, Auckland Account From Provinces on account of Debit Balances in Monthly Accounts :— To 30 June, 1870 To 30 June, 1871 To 30 June, 1872, per contra ... Transfer from Special Fund under section 7 of " The Appropriation Act, 1870 " Treasury Bills: — " Treasury Bills Extended Currency Act, 1870," —Bills renewed, per contra 232, 867 3 6 8,135 16 0 97,844 10 2 30,362 5 8 87,418 6 11 10,716 6 10 143, 357 8 3 77,358 9 7 310,189 5 3 1,199,264 10 6 404 12 6 3,816 14 9 22**18 6 5*16 10 0*10 0 2* 1 0 018 0 **2 5 8 j 4,255 17 3 7,344 5 0 7,344 5 0 12,231 8 9 12,231 8 9 3,814 0 5 61 14 0 3,814 0 5 61 14 0 1,699*10 6 219 16 1 638*"8 11 375 0 11 4,052*15 9 753* 6 5 960 18 5 247* 1 7 1,798* 9 2 4,793 6 4 1,911 11 9 243 6 7 4,102 5 9 4,897 14 3 1,911 11 9 13,535 4 8 11,246 16 0 7,439 12 10 7,439 12 10 150,000 0 0 150,000 0 0 Totals 386,127 6 7 10,963 8 5 79,514 5 11 319,191 10 11 234,809 8 7 9,155 2 8 101,897 5 11 32,076 10 6 87,418 16 11 :149,951 4 9 1,411,105 1 2

B.—No. 2.

Table H (1). STATEMENT showing the REVENUE from STAMP DUTIES during the FINANCIAL Year 1871-72.

47

FINANCIAL STATEMENT.

Under Sc: :edule I. Adhesive. Under Schedule II. Composition. Fees, Fines, and Penalties. Licenses to Companies. Commission Refunded. Miscellaneous. Total. Consolidated Fund. Immigration and Public Works Account. Impressed. Adhesive. Under Schedule III. Under Schedule IV. ! 1 £ s. d. £ s. d. £ s." d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. General — Chatham Islands 1 19 8 2 0 10 4 0 6 J 4 0 6 Provincial — Auckland 4,529 11 9 9,586 0 0 459 10 0 109 3 7 35 3 0 1,921 4 8 303 15 6 1,183 5 4 2 15 0 I 18,130 8 10 9,065 5 4 9,065 3 6 Taranaki 54 1 11 252 12 9 22 0 0 22 10 5 ] ... 19 6 43 11 0 396 5 7 198 2 11 198 2 8 Wellington 2,593 16 8 2,261 12 5 356 10 0 73 2 3 599 5 5 965 1 2 98 10 7 265 10 8 82 9 8 7,295 18 10 3,647 19 5 3,647 19 5 Hawke's Bay ... 614 17 8 952 13 10 52 0 0 22 16 6 487 12 2 77 5 7 54 19 0 0 4 3 2,262 9 0 1,131 4 5 1,131 4 7 Nelson 881 16 TO 3,368 15 4 354 0 0 75 11 2 9 6 6 46 15 3 204 2 4 4,940 7 5 2,470 3 8 2,470 3 9 Marlborough ... 178 7 6 407 15 5 14 0 0 1 25 12 0 47 10 0 673 4 11 336 12 6 336 12 5 Canterbury 5,044 6 0 8,092 12 5 493 5 10 i 116 5 9 35 15 3 ■ 204 17 4 1 899 4 8 ... 14,886 7 3 7,461 2 6 j 7,425 4 9 Westland 1,341 2 5 1,703 13 6 77 0 0 60 17 9 107 11 0 I 8 11 6 139 7 0 3,438 3 2 1,719 1 7 1,719 1 7 Otago — Dunedin 7,375 8 2 6,924 11 5 366 9 6 j j 440 8 10 90 8 2 3,863 1 6 121 2 6 1,838 11 2 14 0 21,021 5 3 10,510 12 9 I 11,301 12 3 Invercargill 413 6 5 938 0 5 5 0 0 6 10 6 12 2 0 207 0 0 1,581 19 4 790 19 7 Totals 23,028 15 0 792 8 9 7,344 10 6 900 1 9 4,883 1 2 34,490 8 4 2,199 15 4 904 16 -4 4 3 3 82 9 8 74,630 10 1 37,335 5 2 . 37,295 4 11 The sum of £40 Os. 2d., included in the Consolidated Fund, is Revenue of the Year 1870-71, and not divisible between that and the Public Works Account. •

B.—No. 2,

Table H (2). COMPARATIVE RETURN of CUSTOMS REVENUE at the several Ports of New Zealand for the Financial Years 1870-71 and 1871-72.

Table H (3). RETURN of the GROSS CUSTOMS REVENUE for each Quarter, from September Quarter, 1860, to the Quarter ended 30th June, 1872, inclusive.

48

EINANCIAL STATEMENT

Ports. Financial Year, 1870-71. Financial Year, 1871-72. Increase. Decrease. £ s. d. £ s. d. £ s. d. £ s. d. Auckland Thames Russell Mongonui Hokianga Kaipara New Plymouth ... Wanganui Wellington Napier Wairau Picton Havelock Kaikoura Nelson Westport Greymouth ... Hokitika Okarito Lyttelton and Christchurch Akaroa Timaru Oamaru Dunedin Invercargill and Bluff ... Riverton Chathams 146,273 6 6 9,339 18 4 1,599 15 10 624 16 10 1,815 15 3 Nil. 5,566 5 2 16,347 3 10 57,840 19 4 25,324 14 3 4,196 3 5 1,278 17 4 599 18 1 805 5 6 27,938 4 6 20,190 15 3 41,667 11 7 45,453 10 4 1,877 19 11 85,826 19 6 174 8 7 11,810 17 2 6,464 18 6 190,758 15 8 22,805 17 7 6,686 16 8 63 18 10 163,793 19 1 14,541 6 3 1,521 14 7 719 8 8 1,646 14 6 Nil. 5,506 12 6 16,789 1 11 58,233 8 11 22,383 2 5 4,135 5 10 1,230 1 11 707 6 1 788 19 4 31,402 17 2 20,110 12 10 40,465 15 8 41,534 16 0 . 1,623 16 7 91,303 11 5 Nil. 12,046 1 6 6,432 13 4 212,923 10 0 20,861 14 8 5,278 3 10 17,520 12 7 5,201 7 11 78 1 3 94 11 10 169* 0 9 441*18 1 392 9 7 59*12 8 2,941 11 10 60 17 7 48 15 5 107* 8 0 16 6 2 3,46412 8 80 2 5 1,201 15 11 3,918 14 4 254 3 4 .5,47611 11 174," 8 7 235* 4 4 32 5 2 22,164*14 4 1,944 2 11 1,408 12 10 63 18 10 Total 733,333 13 9 775,980 15 0 55,099 11 3 12,452 10 0 Increai 42,647 1 3

Financial Year 1860-61. September Quarter £45,790") December „ ... ... 51,350 f «„„, el , March „ 52,236 _ iz(M 'fa:u Juno „ 55,227; Financial Year 1866-67. September Quarter £199,452 _ December „ 227,253 ( noaiaao March „ 220,183 _ i8b'i >bb8 June „ 217,780; Financial Year 1861-62. Financial Year 1867-68. September Quarter £196,916") December „ 209,118 _ „_„„ „ Q . March „ 194,618 C *''J6-6J4' June „ 192,742; September Quarter ... ... £66,935") December ,, ... ... 86,466 f j,„on ono March „ 98,050 ( * ddy.dyd June „ 87,942; Financial Year 1862-63. September Quarter £94,754") December „ }l S/3[ £488,522 March „ 127,46o I ' June „ 147,777 J Financial Year 1868-69. September Quarter £191,607") December „ 209,862 / #sn , 9n4 March „ 189,590 _ *80*.204 June „ 213,145 ) Financial Year 1863-64. September Quarter £145,594") ?/ ce,"ber " ]lli°hlr £617,002 March „ 147,778 C ' June „ 152,629; Financial Year 1869-70. September Quarter ... ... £205,100") December „ 215,677 f x.o nS / 99 March „ 199,664 _ i8UB3422 June .„ 187,981; Financial Year 1864-65. September Quarter £140,872') December „ ... ... 150,995 f x>ga<> n a >7 March " 167,690 ( £e4>3 >29? June „ 183,740; Financial Year 1870-71. September Quarter £190,499") December „ 187,752 f „_„„ March „ 171,479 _ i6 >i{M June „ 183,570 ) Financial Year 1865-66. September Quarter £180,160") December „ ... ... 198,418 f r?Hn a on* March „ 208,794 _ *7ab»^7 June „ 208,855; Financial Year 1871-72. September Quarter £183,722") December „ 193,077 ( „,„,„, March „ 196,283 C *'775 'J81 June „ 202,899^

B.—No. X

Table H (4). RETURN of the VALUE of IMPORTS and EXPORTS at each Port of New Zealand for the Financial Year ended 30th June, 1872.

49

FINANCIAL STATEMENT.

Value oe Imports. Value oe Exports. Ports. larters Ended Quarters Ended Q> Sept. 30. Dec. 31. Mar. 31. June 30. Total. Sept. 30. Dec. 31. Mar. 31. June 30. Total. £ £ £ £ £ £ £ £ £ £ Auckland 289,320 263,228 265,994 231,322 1,049,864 580,478 298,696 198,889 209,380 1,287,443 Thames 8,701 19,274 8,360 5,229 41,564 465 882 585 535 2,467 Russell 70 1,342 935 44 2,391 611 650 5,389 6,650 Mongonui 15 369 1 385 97 377 474 Hokianga 926 120 2,049 3,095 2,010 3,862 1,148 1,800 8,820 Kaipara New Plymouth... 3,477 2,591 5,651 2,352 14,071 519 519 Wanganui 11,995 5,666 13,609 5,481 36,751 1,043 28,541 29,584 Wellington 113,990 80,739 104,181 93,906 392,816 28,836 65,531 175,116 47,956 317,439 Napier 11,031 21,623 17,593 16,634 66,881 240 176,186 176,426 Wairau 1,687 2,297 1,848 841 6,673 80,088 80,088 Picton 806 432 1,063 996 3,297 2,000 3,200 5,200 Havelock 60 60 3 1 4 Kaikoura 19 19 Nelson 71,124 54,985 44,219 55,391 225,719 8,699 22,324 27,231 21,814 80,068 Westport 16,833 28,667 11,823 35,589 92,912 51,627 70,783 39,761 27,788 189,959 Greymouth .., 27,578 51,543 32,782 62,666 174,569 95,965 83,959 '100,023 70,280 350,227 Hokitika 40,034 67,884 36,625 41,786 186,329 98,388 85,373 93,850 78,331 355,942 Okarito 2,732 2,732 4,588 11,820 3,069 2,144 21,621 Lyttelton 138,359 136,244 139,285 140,698 554,586 81,180 169,371 414,515 199,553 864,619 Akaroa Timaru 9,082 12,649 7,780 7,244 36,755 12,552 809 12,266 25,627 I 24,413 Oamaru 3,480 2,652 6,984 3,302 16,418 10,967 4,005 1,957 7,484 Dunedin 377,935 306,729 494,648 299,718 1,479,030 229,173 180,279 .964,388 441,060 1,814,900' Invercargill 16,524 21,327 17,987 22,851 78,689 6,916 7,154 78,865 107,701 200,636 Bluff Harbour... 2,147 * # * 2,147 2,472 # # * 2,472 Riverton 4,731 5,418 2,961 2,579 15,689 500 2,739 23,109 3,882 30,230 Chatham Islands Totals 1,149,905 1,085,410 1,219,497 1,028,630 4,483,442 1,218,099 1,008,201 2,411,787 1,237,741 5,875,828 Year 1870-71 ... 1,181,460 1,031,552 1,023,268 819,545 4,055,825 764,508 874,120 1,758,791 1,296,993 4,694,412 •In ;luded in Rei ;urn from I: ivercargill.

FINANCIAL STATEMENT.

B.—No. 2.

50

Table H (5). RETURN of the VALUE of IMPORTS and EXPORTS for each PROVINCE for the Financial Year ended 30th JUNE, 1872.

Table H (6). RETURN of the QUANTITY of FLOUR and GRAIN Imported into and Exported from New Zealand for the Ten Years ended on the 31st DECEMBER, 1871.

Value op Imports. Value op Provinces. Exports. £ £ Auckland Taranaki Wellington ... Hawke's Bay Marlborough... Nelson Westland Canterbury ... Otago 1,097,299 14,071 429,567 66,881 10,049 318,631 363,630 591,341 1,591,973 1,305,854 519 347,023 176,426 85,292 270,027 727,790 890,246 2,072,651 Totals ... 4,483,442 5,875,828

1862. 1863. 186< 1865. 1866. Imports. 'Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Flour ... tons 6,202 14,986 16,1881 19,801 1 23,264 2i Grain— Barley ... bushels 26,662 30 35,364 3,238 14,868 18,904 2,390 28,966 392 Maize ... „ 58,590 200 195,225 127,246 133,975 125,680 Oats ... „ Wheat ... „ 207,572 208,677 6,047 325 505,460 164,022 459,185 248,863 3,580 99,295 331,116 19,584 3,473 89,043 266,186 27,449 4,769 Not described „ 186' 186! 186! 187< 1871. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. ''lour ... tons 8,098' 97ii; 8,871 153J 6,347f 504 4,759 737i| 5,7761 9261 train— Barley ... bushels 9,258 15,031 51,366 1,600 1,058 50 156,213 443 92,557 114,915 Maize ... „ 114,566 86,701 1,150 107,425 88,583 310 112,624 108 Oats ... „ 65,672 17,639 10,227 484,533 1,606 342,677 9,618 340,205 215 594,149 Wheat ... „ 235,473 131,915 188,477 94,297 183,256 81,758 80,011 387,185 158,871 271,941 Not described „ 2,024 331 54 1,846

B.—No. 2.

Table H (7). RETURN of the QUANTITY and VALUE of GOLD EXPORTED from the various Provinces of New Zealand during the Four Quarters of the Financial Year 1871-72, as compared with the Corresponding Quarters of the previous Year.

51

FINANCIAL STATEMENT.

Four Quarters ended 30th June, 1872. Four Quarters ended 30th June, 1871. Total Exported eor the Four Quarters ended 30th June, 1872. Total Exported tor THE Four Quarters ended 30th June, 1871. Exporting Ports. Produce op the Province op Quarters ended Quarters ended 30th Sept. 31st Dec. [31st March.; 30th June. 30th Sept. 31st Dee. |31stMareh.| 30th June. Quantities. Value. Quantities. Value. Oz. Oz. Oz. Oz. Oz. Oz. Oz. Oz. Oz. £ Oz. £ Auckland Auckland 126, 229 54,862 32,587 j 39,114 16,106 16,086 84,019 65,216 252, 792 905,626 181,427 621, 220 Picton Marlborough 500 800 433 582 582 1,300 5,200 1,597 6,388 Nelson JJ 178 197 j 155 75 140 270 605 2,420 410 1, 640 Nelson Nelson 1,330 3,623 3,668 3,466 2,201 3,498 2,542 2,519 12,087 48,348 10,760 43,040 Westport j, ... 12,623 17,166 9,772 6,665 16,810 20,504 3,683 14,374 46,226 184,904 55,371 221,484 Greymouth ... 14,038 11,806 14,468 10,321 14,979 14,606 14,719 11,561 50,633 202,532 55,865 223,460 Greymouth Westland 33 .-. 9,627 24,356 8,682 10,284 6,902 8,997 8,230 7,776 8,665 35,495 141,980 33,668 134, 672 Hokitika 20,449 23,302 18,943 25,918 24,536 j 23,459 22,756 87,050 348,200 96,669 386,676 Okarito JJ 1,147 2,955 743 536 1,036 1,512 1,145 1,890 5,381 21,524 5,583 22,332 : ! Lyttelton 1 155 177 4 156 624 181 724 Dunedin Otago 29,845 32,672 ...... 56,788 44,845 2,275 888 36,238 j 51,229 41,068 47,067 164, 150 656,600 175,602 702,408 Invercargill 1,430 1,253 1,152 1,605 5,846 23,384 2,757 11,028 '-" j ; 1 Totals 221,304 I 153,665 154,997 131,755 124,047 . . 174, 900 140,783 180,160 174, 900 661,721 2,541,342 619,890 2,375, 072

B.—No. 2.

Table H (8). RETURN showing the AMOUNT and VALUE of GOLD EXPORTED during the Financial Years from 1857-58 to 1871-72.

52

FINANCIAL STATEMENT.

1857-58. 1858-59. 1859-60. 1860-61. 1861-62. 1862-63. 1863-64. 1864-65. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. £ £ £ £ £ £ 13,689 34,381 £ 11;878 41,745 27,919 91 £ 11,627 107,491 85,878 226,573 Auckland ... Nelson Marlborough Canterbury Westlaad ... Otago Southland ... o CD to o o 3 3> o rh O o ... ... 4,337 8,873 3,910 10,772 7,205 23 3,853 27,720 22,424 57,025 491,686 1,905,284 537,817 2,084,039 309J576 1,19*9,610 449,279 ... ... Totals 36,747 6,147 23,818 6,341 24,568 1,740,956 504,896 ! 1,953,354 559,727 2,165,672 420,598 1,631,179 17,220 66,730 9,482 1865-66. 1861 ■67. 186' -68. 1868-69. 1869-70. 1870-71. 1871-72. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. . £ 16,197 £ 8,847 £ 402,998 120 593,182 5,348 £ 657,098 Auckland ... Wellington... Nelson Marlborough Canterbury Westland ... Otago Southland ... 5,410 4,368 22,984 £ 73,966 £ 286,335 114,642 30 148,072 1,337 181,427 252,792 £ 905,626 90,900 135,275 2,418 390,238 524,199 9,373 1,512,093 168,044 532 337,837 651,173 2,061 1,309,120 241,031 700 147,248 106,442 149,545 10,703 678,653 964,124 2,800 588,992 425,768 598,180 42,812 180,924 166 723,696 664 121,996 2,006 487,984 8,024 109,866 1,905 439,464 7,620 203,850 I 1,625 78*9,919 6,297 154,973 8,791 674,545 600,521 34,067 2,605,789 184,648 155,072 4,099 738,592 620,288 16,396 15*8,506 *156,869 634J099 *627,562 136,101 *178,359 544,404 *713,436 128*082 ] 169,996 512,328 679,984 ... Totals 738,816 2,858,078 2,696,642 i 615,809 2,385,971 L_ _ 579,456 2,263,309 619,889 — 2,410,946 662,641 2,545,022 Total Amount op Gold Exported Total Value op Gold Exported * Including late Province of Soi .thland. i 6,560,550 Ounces. £25,463,199.

FINANCIAL STATEMENT.

53

B.—No. 2,

Table H (9). RETURN showing the VALUE of NEW ZEALAND PHORMIUM EXPORTED during the under-mentioned Periods.

Provinces. 1867. 1868. 1869. 1870. 1871. Half-year ended 30th June, 1872. * £ £ £ £" £ £ Auckland 3,575 5,664 24,013 42,827 26,882 14,864 Wellington 75 1,158 21,264 18,987 8,223 Napier 575 3 185 Marlborough 790 3,065 6,469 Nelson 42 1,694 3,058 1,597 Canterbury 70 487 16,840 52,006 26,160 7,385 Otago 287 1,585 3,098 9,968 I 12,456 8,095 Southland 324 326 95 3,454 Totals 4,256 8,137 45,246 132,578 90,611 46,818

B.—_STo. 2.

Table H (10) RETURN showing the QUANTITY and VALUE of WOOL EXPORTED during the under-mentioned Periods.

54

FINANCIAL STATEMENT.

1866. 1867. 1868. 1869. 1870. 1871. Halp-year ended 30th June, 1872* Provinces. Quantity. Value. Quantity. Value. Quantity.Value. Quantity. Value. Quantity. Value. Quantity. £ lbs. 74,054 | 1,216,279 Value. Quantity. Value. lbs. £ lbs. £ lbs. £ lbs. £ lbs. £ lbs. £ Auckland... 578,846 42,160 477,338 37,822 857,443 51,341 1,015,566 61,510 1,338,443 68,778 499,261 32,173 Taranaki ... .:. 13,841 716 9,279 495 2,160 108 Wellington 3,118,961 196,753 2,824,437 182,158 3,621,398 205,095 3,347,781 169,488 4,969,354 239,318 4,302,132 102,452 1,654,053 208,017 3,609,838 234,440 Hawke's Bay 1,210,334 65,194 1,156,819 71,926 1,183,306 45,035 811,993 47,101 2,039,214 79,592 2,590,387 175,702 Marlborough 833,550 42,322 1,058,965 46,803 1,421,180 35,642 1,473,601 50,546 1,381,769 53,188 1,605,074 48,967 1,611,424 73,225 Nelson 454,025 24,164 534,297 28,590 600,701 29,132 294,019 11,251 354,126 12,690 292,314 13,162 ; 235,252 12,4:80 Canterbury 8,467,970 468,887 j 11,232,948 627,678 10,862,937 576,076 10,013,395 387,557 12,485,720 489,938 12,744,148 495,843 | 8,995,887 499,790 Westland County ... 31,850 1,180 15,506 890 40,277 1,711 62,230 2,603 • 24,460 | 1,481 Otago 6,941,398 434,863 8,317,079 479,927 8,204,211 452,734 8,926,812 528,891 11,617,926 564,654 13,553,570 562,112 127,070 1 17,015,532 1,021,000 Southland 1,191,851 79,093 1,541,804 105,209 2,089,977 120,205 1,866,963 113,996 2,812,934 165,939 I 2,363,934 Totals : j22,810,776 1,354,152 27,152,966 28,875,163 1,516,548 27,765,636 1,371,230 37,039,763 1,703,944 { 37,793,734 1,606,144 34,582,041 2,050,291 1,580,608 * The greater part of the export takes place during the first half of the year.

13.—N0. 2.

Table I. STATEMENT showing the TOTAL SUMS CREDITED and DEBITED to the PROVINCES (exclusive of Interest and Sinking Fund) under the Public Revenues and Payments to Provinces Acts, during the under-mentioned Financial Years:—

55

FINANCIAL STATEMENT.

j Sums Debited Financial Year. Sums Credited. eor Services Charged Provincially. Balances. Cr. 1867-68 Moiety of Revenue £ s. d. 489,526 8 1 £ s. d. 183,176 1 6 £ s. d. 306,350 6 7 1868-69 Ditto 500,130 15 4 296,474 13 6 203,656 1 10 1869-70 Ditto £ s. d. 505,370 2 11 222,353 7 0 283,016 15 11 1870-71 Capitation Allowance, at £2 per head Special Allowances Grants to Road Districts 500,000 0 0 11,375 0 0 50,000 0 0 1871-72 561,375 0 0 242,367 6 10 319,007 13 2 Capitation Allowance, at 15s. per head Special Allowances Moiety of Stamp Revenue Grants to Road Districts 192,195 0 0 , ... 8,419 12 6 37,295 4 11 100,000 0 0 Proposed for 1872-73 Capitation Allowance, at 15s. per head Special Allowances Moiety of Stamp Revenue (estimated) Grants to Road Districts 200,139 0 0 8,422 12 6 40,000 0 0 50,000 0 0 337,909 17 5 22,576 16 11 315,333 0 6 298,561 12 6 298,561 12 6

FINANCIAL STATEMENT.

B.—No. 2.

56

Table J. CENTAL PROPORTIONS of the POPULATION, at various ages, in NEW ZEALAND, NEW SOUTH WALES, and VICTORIA, for the Year 1871, with those of England and Wales for 1861.

The population of England and Wales is exclusive of the Army, Navy, and Merchant Seamen serving abroad at the time of the Census. In the returns of New South Wales, the ages are given from 15 to 20, and from 20 onwards. This has been adjusted by adding to the number for the first period and deducting from those of the second an amount equal (proportionately) to the proportion borne in Victoria for the age 20-21 as compared with the total population.

Table J (1). COMPARATIVE TABLE of the POPULATIONS of NEW ZEALAND, NEW SOUTH WALES, and VICTORIA, at various ages, in 1861 and 1871; showing Centesimal Rate of Increase.

1861. 1871. Ages. England and Wales. New Zealand. New South Wales. Victoria Under 5 years 13-46 18-187 16-302 165 to 10 years 11-681 12-749 14-024 14-6 10 to 15 years ... 10-492 8-636 11-467 11-733 I 15 to 21 years 11-548 7-882 9-857 8'824 21 to 40 years 27-97 38-151 29-809 29-053 40 to 55 years 14-342 10-87 12-304 15-189 55 to 65 years 5-776 2-444 4-107 I 3-223 65 years and upwards 4-731 1-081 213 1-378 100100-

:w Zeala: New South W. -. id. ■LES. ICTORIA. --. m ! Ages. 1861. 1871. Increase per cent. 1861. 1871. Increase per cent. 1861. 1871. i Increase percent. Persons. Persons. Rate. Persons. Persons. Rate. Persons. Persons. Rate. Under 21 years ... 45,546 121,537 166-84 173,064 259,755 50-09 221,373 373,048 I 68-51 1 21 to 40 years 37,282 97,710 162-08 108,475 149,911 38-2 237,313 211,863 be. 10-72; 40 to 55 years 10,553 ' 27,840 163-81 45,762 61,878 35-21 62,156 110,761 78-2 I 55 to 65 years 2,508 6,259 149-66 12,132 20,653 70-23 10,799 23,506 117-67 65 years and upwards 706 2,765 291-64 4,796 10,711 121-33 3,222 10,048 211-851 Totals ... 36-34 1 96,595 256,111 165-14 344,229 502,908 46-09 534,863 729,226 •

B.—No, 2.

Table K. RETURN of the Total Value of IMPORTS and EXPORTS of VICTORIA, NEW SOUTH WALES, and NEW ZEALAND, for the Five Years ending 31st December, 1870, with the Rate per head of Population.

57

FINANCIAL STATEMENT.

VICTORIA. NEW SOUTH WALES. NEW ZEALAND. Years. Imports. Exports. Imports. Exports. Imports. Exports. Value. Rate. Value. Rate. Value. Rate. Value. Rate. Value. Rate. Value. Rate. I £ 11,315,638 8,921,986 9,424,565 9,984,452 9,089,067 £ s. d. 17 11 5 13 '7 4 13 15 6 14 0 10 12 10 9 £ 9,433,473 9,972,333 11,697,893 9,539,816 9,103,323 £ s. d. 14 13 0 15 2 3 17 2 0 13 8 4 12 1 1 ; i £ s. d. 27 2 3 23 13 8 21 5 10 20 8 1 17 11 1 £ 4,396,100 4,479,464 4,268,762 4,090,134 4,544,682 1866 1867 1868 1869 1870 643,912 659,887 684,316 710,878 724,725 431,412 447,620 466,765 485,356 502,861 £ 6,412,442 4,553,594 5,736,817 6,334,888 6,069,820 £ s. d. 14 17 3 10 3 5 12 5 9 13 1 0 12 1 5 £ 6,057,585 4,834,505 4,878,344 7,875,577 6,302,577 £ s. d. 14 0 9 10 16 0 10 9 0 16 4 6 12 10 8 208,682 218,668 226,618 237,249 248,400 £ 5,657,601 5,179,393 4,825,312 4,841,400 4,360,941 £ s. d. 21 1 4 20 9 8 18 16 9 17 4 9 18 5 11 NEW ZEALAND, including Aboriginal Natives (36,000 in Number at|present). Average op Five Years. Imports. Exports. Imports. Exports. Years. Population. Value. Rate. Value. Rate. Value. Rate. Value. Rate. 1866 1867 1868 1869 ... 1870 247,222 257,208 264,518 273,249 284, 440 £ 5,657,601 5,179,393 4,825,312 4,841,400 4,360,941 £ s. d. 22 17 8 20 2 9 18 4 10 17 14 4 15 6 7 £ 4,396, 100 4,479,464 4,268,762 4,090,134 4,544,682 £ s. d. 17 15 8 | 17 7 6 16 2 9 14 19 4 15 19 8 Victoria New South Wales New Zealand Ditto, including Natives ... 684,743 466, 803 227,923 265,327 £ 9,747,142 5,821,512 4,972,929 4,972,929 £ s. d. 14-4 8 12 9 5 21 16 4 18 14 11 £ 9,949,367 5,989,718 4,355,828 4,355,828 I £ s. d. 14 10 7 12 16 7 19 2 3 16 8 4 In this Table the British and Foreigi goods exported from each Colony has been deducted from both Imports and Exports, leaving as Imports the gc or manufactures of such Colony. >ods retained in the Colony, ,nd for Exports the produce

B.—No. 2.

Table L. RETURN showing the value of GOLD, WOOL, GRAIN, and other AGRICULTURAL PRODUCE (including Flour, Butter, and Cheese), TIMBER, and FLAX, exported from the Colonies of VICTORIA, NEW SOUTH WALES, and NEW ZEALAND, for the Five Years ending 31st December, 1871, with the Rate per head of Population.

58

FINANCIAL STATEMENT.

1867. 1868. 1869. Articles. Victi ■ia. New South Wales. New Zealand. Victoria. New South Wales. New Zealand. Victoria. New South Wales. New Zealand. i Value. Rate. Value. Rate. Value. Rate. Value. Rate. Value. Rate. Value. Rate. Value. Rate. Value. Rate. Value. Rate. I I 1 | 1 £ £ s. d. £ £ s. d. £ I Gold £ s. d. £ £ s. d. £ £ s. d. £ £ s. d. £ £ £ s. d. £ £ s. d. 5,738,993 8 14 0 £ s. d. 129, 619 0 5 9 2,724,276, I ,12 9 2 6,629,465 9 13 9 125, 293 0 5 4 2,492,721 11 0 0 5,363,759 7 10 10 309,053 0 12 9 2,341,5921 ! 9 17 5 Wool 3,650,611 5 10 7 1,711,322 3 16 5 1,580,608 7 4 7 4,567,182 6 13 5 1,879,751 4 0 6 1,516,548 6 13 10: ! 3,235,091 4 11 0 6 10 4 Agricultural Produce 3,162,522 1,371,230 5 15 7 122,972 0 3 7 198,916 0 8 10 37,532 0 3 5 194, 350 0 5 8 264,277 0 11 3 127,704 0 11 3 58,983 0 18 296, 562 0 12 2 142, 307 0 12 0 Timber ' 2,960 0 0 1 17,541 0 0 10 16,105 0 15 8,024 0 0 3 12,707 0 0 8 15,653 0 1 w 7,552 0.0 2 0 0 10 Flax 23,159 22,338 0 1 10 4,256 0 0 5 8,137 0 0 9 45,245 0 3 10 Totals 9,515,536 14 8 3 2,057,398 4 11 10 4,362,777 19 19 0 11,399,021 8,665,385 3,922, 712 16 10 8 16 13 1 2,282, 028: 4 17 9; 4,160,763 18 7 2 12 3 8 3,791,296; 7 16 1 1870. 1871. Average op th; Five Years. Articles. Vict. iria. New Soutli Wales. New Zealand. Victoria. New South Wales. New Zealand. Victoria. New South Wales. New Zealand. Value. Rate.Value. Rate. Value. Rate. Value. Rate. Value. Rale. Value. (four years) Value. I Rate. Value. Rate. Rate. Value. Rate. i Gold £ £ s. d. £ £ s. d. £ £ s. d. £ £ £ s. d. £ £ s. d. £ £ s. d. £ £ s. d. £ s. d. £ £ s. d. 4,891,781 6 15 0 I 386, 930 0 15 4 2,163,910 8 14 3 5,423,687 '788 2,788,368 10 8 10 5,609,537 7 19 10 237, 724 0 10 0 2,502,173 10 8 10 Wool Agricultural Produce 3,119,899 99,898 4 6 1 0 2 9 2,741,141 165,894 5 9 0 0 6 7 1,703,944 183,472 6 17 2 0 14 9 4^287, 011 75,924j 5 17 6 ■|021 O 1,606,144 203, 506 6 0 3 0 15 3 3,771,959 110,425 5 7 5 0 3 2 2,373,684 231,412 4 19 9 0 9 9 1,555,695 138,904 6 9 10: i 0 11 7 Timber 1,003 22,037 0 0 10 18,323 0 16 6, 733| j 0 0 2 20,479 0 16 5,254 OO2! 18,861 1 0 0 9 18,580 0 16 Flax 132, 578 0 10 8 90,611 0 6 10 56,165 0 4 8 I i j I J Totals 8,112,581 11 3 10 3,316,002 6 11 9 4,202,227 16 18 4 9,793,355. 13 8 5 4,709,108 17 12 8 9,497,175 13 10 7 2,861,681 6 0 3 4,271,517 17 16 5