8.—6

CONTENTS

PAGE Prefatory .. .. .. .. .. .. .. .. i Beoeipts during the Year 1902-3 .. .. .. .. .. .. ii Expenditure during the Year 1902-3 .. .. .. .. .. ii Results of the Year .. .. .. .. .. .. .. ii Public Debt.. .. .. .. .. .. .. .. iii Publio Works Fund .. .. .. .. .. .. .. iii Land for Settlements Account .. .. .. .. .. .. iv Cheviot Estate Account .. .. .. .. .. .. iy Conversion Account .. .. .. .. .. .. .. iv Loans to Local Bodies Acoount .. .. .. .. .. .. iv New Zealand Consols Account .. .. .. .. .. .. v The Government Insurance Department .. .. .. .. .. v Public Trust Office .. .. .. .. .. .. .. v Customs Duties .. .. .. .. .. .. .. vi Land and Income Tax .. .. .. .. .. .. .. vii Absentee Land-tax .. .. .. .. .. .. .. vii Valuation of Land Department .. .. .. .. .. .. vii Government Advances to Settlers .. .. .. .. .. .. viii Department of Labour .. .. .. .. .. .. .. viii Public Health .. .. .. .. .. .. .. viii Hospitals and Charitable Aid .. .. .. .. .. .. ix Hospital for the Mentally Afflicted .. .. .. .. .. ix Farms for Social Outcasts .. .. .. .. .. ix The Tourist Department .. .. .. .. .. .. x Post-Office Savings-Banks .. .. .. .. .. .. x Old-age Pensions Department .. .. .. .. .. .. x Working Railways .. .. .. .. .. .. .. xi Education .. .. .. .. .. .. .. .. xi Farming Industries .. .. .. .. .. .. .. xii Land for Settlements .. .. .. ... .. .. .. xiii Fruit Preserving and Canning .. .. .. .. .. .. xiii Forests and Plantations .. .. .. .. .. .. xiv Gold-mining.. .. .. .. .. .. .. .. xiv State Coal-mines .. .. .. .. .. .. .. xiv Natural Power generating Eleotrioity .. .. .. .. .. xv Manufactures .. .. .. .. .. .. .. xv New Zealand Intercolonial Fair .. .. .. .. .. .. xvi Paoific Cable .. .. .. .. .. .. .. xvii Ocean Hail-servioes .. .. .. .. .. .. .. xvii South African Trade .. .. .. .. .. .. .. xvii Immigration : Increased Population .. .. .. .. .. xviii Bank of New Zealand .. .. .. .. .. .. .. xix Midland Railway .. .. .. .. .. .. xx New Markets: Expansion of Trade .. .. .. .. xx Suggested Eastern Service .. .. .. .. .. .. xxi Preferential Trade .. .. .. .. .. .. .. xxii Imperial Conference .. .. .. .. .. .. .. xxiii Intercolonial Conference .. .. .. .. .. xxiv Reduced Prioes of Consols and other Stocks .. .. .. .. .. xxiv Our Late Loan Transactions .. .. .. .. .. .. xxv Review : Twenty Years, 1882-1902— Finance, Reoeipts and Expenditure .. .. .. .. .. xxvi Population .. .. .. .. .. .. .. xxvi Private Wealth .. .. .. .. .. .. .. xxvii Accumulation, Deposits, &o. .. .. .. .. .. .. xxvii Trade and Manufacture .. .. .. .. .. .. xxvii Imports and Exports .. .. .. .. .. .. xxvii Increase of Shipping .. .. .. .. .. .. xxviii Crown and Native Land and Crown Tenants .. .. .. .. xxviii Private Landowners .. .. .. .. .. .. xxviii Capital Value of Land in New Zealand .. .. .. .. .. xxviii Increase in Live-stock .. .. .. .. .. .. xxviii Occupied Holdings.. .. .. .. .. .. .. xxviii Revenue: Twenty Years .. .. .. .. .. .. xxix Direct Taxation and its Incidence .. .. .. .. .. xxix Public Debt .. .. .. ~ .. .. .. xxix Public Works .. .. .. .. .. .. .. xxx Summary of Developments .. .. .. .. .. .. xxxi Some of our Assets, 1902 .. .. .. .. .. .. xxxi Aid to Public Works .. .. .. .. .. .. .. xxxii Estimated Expenditure for 1903-4 .. .. ~ .. .. xxxii Estimated Revenue for 1903-4 .. .. .. .. .. .. xxxiii Conclusion .. .. .. .. .. .. .. .. xxxiv