8.—6

IV

Analysis of Increase in Expenditure, 1910-11, as compared with previous Year. £ 1910-11 .. .. .. .. .. 9,343,106 1909-10 .. .. .. .. .. 8,990,922 Increase .. .. .. .. £352,184 Accounted for as follows :— £ Interest and sinking fund .. .. 61,000 Under special Acts .. .. .. 2,000 Payments to local bodies .. .. .. 14,000 Old-age pensions .. .. .. 24,000 Public service superannuation .. .. 28,000 129,000 Legislative .. .. .. .. 9,000 Department of Minister of Finance .. 11,000 Postal Department .. .. .. 56,000 Working Railways .. .. .. 102,000 Native Department .. .. .. 3,000 Minister of Justice .. .. .. 4,000 Department of Internal Affairs .. .. 6,000 Defence Department .. .. .. 19,000 Education Department .. .. .. 65,000 275,000 404,000 Savings on— Department of Lands and Survey .. .. 27,000 Customs, Marine, and Inspection of Machinery 8,000 Minister of Public Works .. .. .. 6,000 Minister of Agriculture .. .. .. 5,000 Miscellaneous .. .. .. .. 6,000 52,000 £352,000 Results op the Year's Operations. £ Balance brought forward, Ist April, 1910 .. .. 432,316 Receipts duringjyear,— £ Revenue • .. .. 10,297,023 Other receipts .. .. 250 10,297,273 Expenditure during year,— Appropriations .. .. .. .. 9,343,106 Excess of receipts over expenditure .. .. 954,167 The credit balance, including £432,316, the amount carried forward at the beginning of |the financial year, amounts to'a surplus on the 31st March last of .. 1,386,483 From this I transferred to Public Works Fund .. 800,000 Leaving a balance on 31st March, 1911, to^begin the present financial year of .. .. .. £586,483 In the Budget of last year I estimated the surplus at £727,421, less amount required for supplementary is pleasant to announce that this estimate has been exceeded by so much. "The excess is, as I have already said, due largely to the widespread revival of trade both in and out of the Dominion.