8.—6

XXXVI

£ Loans matured, redeemed, and renewed .. .. .. .. 12,601,465 Net war debt reduced by .. .. .. .. .. 3,652,087 Imperial funded debt, annual payment .. .. .. .. 1,651,930 Assets of Dominion valued at .. .. .. .. .. 229,000,000 Bank of New Zealand— Dividend received .. .. .. .. .. 112,500 New shares purchased .. .. .. .. .. 375,000 Shipping charges : Economies effected. District Treasury Offices opened in principal centres. Ten years progress of Dominion — Increase in— Per Cent. Population .. .. . . .. .. 18 Total trade .. .. .. .. .. .. 110 Total exports .. .. .. .. .. 120 Exports frozen meat (volume) .. .. .. 18 Exports frozen meat (value) .. .. .. .. 103 Butter (volume) .. .. .. . . .. 236 Butter (value) .. ... .. .. ..418 Cheese (volume) .. .. .. .. 136 Cheese (value) .. .. . . . . .. 288 Wool (volume) .. .. .. . . 17 Wool (value) . . .. .. . . .. 35 Telephone subscribers . . . . .. .. ..127 Roads and bridges expenditure .. .. . . 112 Irrigation (miles of water-races) .. . . .. 276 Swamp-drainage areas.. .. .. .. .. 327 ESTIMATES AND PROPOSALS, 1924-25. Consolidated Fund — Ordinary Revenue Account — £ Estimated gross revenue .. . . . . .. 28,857,620 Less concessions in taxation .. . . .. .. 1,000,000 Net revenue .. . . .. .. 27,857,620 Estimated expenditure .. . . .. 27,505,060 Available for supplementary estimates .. . . .. .. £352,560 £ Estimated Customs and Excise .. .. . . . . .. 7,350,000 Estimated stamp and death duties .. .. .. .. 3,310,800 Estimated land and income tax .. .. . . .. . . 5,100,000 Preferential tariff amendment to secure greater advantage to British manufacturers. Wheat and oats purchases .. .. .. .. . . 1,250,000 Acceleration of public works and electric supply on developmental lines. Increased activity, electric-supply development. Loan for public works. Commission of experts to investigate railway system. Increased telephone facilities. Further provision for school buildings. Transfer from surplus revenue to Public Works Fund . . . . 1,000,000 Provision for Main Highways Construction Account .. . . 500,000 Local bodies to be empowered to borrow for main highways. Provision for second oil-burning cruiser. War Expenses Account to be closed.