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Session 11. 1921. NEW ZEALAND.

FINANCIAL STATEMENT (In Committee of Supply, 3rd, November, 1921.) BY THE EIGHT HONOURABLE W. E MASSEY, P. 0., MINISTER OF FINANCE.

Mr. Malcolm, — I have the honour to submit the annual statement of the finances of the Dominion as at the 31st March, 1921, also my proposals for the current financial year. The total revenues of the Consolidated Fund for the year 1920-21 amounted to £34,260,962, whilst the expenditure for the same period totalled £28,128,730, the excess of revenue over expenditure being £6,132,232, more than half of which is due to the extraordinary increase in the value of imports for the twelve months ended 31st March, 1921. TREASURY DEPARTMENT. Ec VENUE. The revenue for the year was estimated at £27,712,700, but the amount collected was £34,260,962, being £6,548,262 in excess of the estimate, or £8,179,622 over the revenue of the previous financial year, as indicated hereunder : —

Revenue for the Year ended 31st March, 1921, compared with the Year ended 31st March, 1920.

i—B. 6.

Year ended 31st March, 1921. Year ended 31st March, Increase. 1920. Decrease. £ 8,408,726 3,745,902 2,640,158 1,688,978 8,248,945 360,525 6,918,492 220,085 56,540 1,584,995 219,193 100,448 67,975 £ 4,830,324 3,344,933 2,096,757 1,557,903 6,369,765 355,403 5,766,016 175,756 42,646 1,204,866 218,757 112,840 5,374 £ 3,578,402 400,969 543,401 131,075 1,879,180 5,122 1,152,476 44,329 13,894 380,129 436 £ Customs Stamp and death duties Postal and telegraph Land-tax Income-tax Beer duty Railways Registration and other fees Marine Miscellaneous Territorial National-endowment revenue .. Other receipts 62,601 12,392 ,8,192,014 12,392 12,392 Totals 34,260,962 26,081,340 8,179,622