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1907. NEW ZE A L AND.

FINANCIAL STATEMENT (In Committee of Supply, 16th July, 1907.) BY THE COLONIAL TREASURER, THE HON, SIR J. G. WARD, P.C., K.C.M.G.

Mit. McKenzie,- — In submitting the Financial Statement for the year ended 31st March last it is not necessary for me to give full detailed figures, as the Public Accounts have already been published, and honourable members are no doubt familiar with them. The revenue has surpassed that of any previous year, and, notwithstanding the heavy expenditure, we closed our hooks on the 81s1 March last with a substantial credit balance of £717,826—-a result which must be gratifying to both the House and the country. REVENUE. The revenue for the year exceeded eight millions, the highest on record. The actual amount was £8,399,075, and, compared with the revenue of the previous year, £7,581.359, shows an increase of £814,716, or a little over 10 percent. The principal increases were in Railways, £282,978; Customs, £243,629; Stamps, £164,464; Land and Income Tax, £77,637; Miscellaneous, £31,075; and other receipts, £24,822. The territorial revenue was less by £9,839. Reference to the table attached will show how these figures are arrived at.

1906-7. 1905-6. lucrease. Deorease. £ £ £ fi Customs ... ... ... 2,941,040 2,697,41] 243,629 Railways ... ... ... 2,621,396 2,338,418 282,978 Stamps ... ... ... 1.365,727 1,201,263 164,464 Land-tax ... ... 447,342 385,756 61,586 Income-tax ... ... ... 277,867 261,816 16,051 Beer Duty ... ... ... 107,582 98,135 9,447 Registration and other Fee* ... 119,445 108,222 11,223 Marine ... ... ... 40,891 36,739 4J52 ... Miscellaneous... ... ... 226,885 195,810 31,075 Territorial Revenue ... ... 250,900 260,789 ... 9,889 824,605 9,889 9,889 Total* ... .. £8,899,076 £7,584,359 £814,716

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