B—6,

17

Estimates of Revenue. £ Customs .. .. .. .. .. .. .. 7,650,000 Beer duty .. .. .. .. .. .. • • 630,000 Stamp and death, duties .. .. .. .. •• 3,189,250 Postal and Telegraph .. . . .. .. .. 3,290,000 Land-tax .. .. .. .. .. . - -• 1 ~200,000 Income-tax .. .. .. .. .. .. 3,300,000 Registration and other fees .. .. .. . . .. 200,000 Marine .. .. .. .. .. .. .. 112,000 Interest on public moneys .. .. .. .. • - 600,000 Interest on railway capital liability .. .. .. .. 2, 050,000 Interest on Public Debt Redemption Fund .. .. .. 1,102,000 Local Bodies' Loans Act, 1908, section 76 .. .. .. 20,000 Rents of buildings .. .. .. .. .. . . 25,000 Tourist and Health Resorts .. .. .. .. 57,250 Miscellaneous .. .. .. .. .. • ■ • • 50,000 Territorial .. .. .. .. .. .. - 205,000 Departmental and other receipts .. .. .. .. 585,700 Total .. .. .. .. .. £24,266,200 ESTIMATED EXPENDITURE. In submitting the estimates of expenditure, I may state that some months ago the Government appointed a Committee of Departmental Heads to investigate expenditure and scrutinize the preliminary estimates of Departments. The Committee's recommendations were duly considered by the Government in framing these estimates. The estimated expenditure is £23,986,616. The sum is £416,533 in excess of the actual expenditure of last year, a good indication that the control over vote expenditure is well maintained when it is remembered that this increase covers extension of naval establishment, education expansion, and also Departments whose increases are met by corresponding revenue receipts. The estimated expenditure under— £ Permanent charges is .. .. .. .. 13,693,759 Annual appropriations .. .. .. 10,292,857 Total .. .. .. .. .. £23,986,616 ESTIMATED RESULTS. I anticipate, therefore, that the position, provided no obligations of a substantial nature due to unemployment or to new legislation, fall on the Account during the present financial year, will be :— £ Revenue .. « .. .. .. 24,266,200 Expenditure .. .. .. .. .. 23,986, 616 Balance .. .. .. .. £279,584 * This amount will, I estimate, cover supplementary estimates, but will leave very little margin; and, either way, the ultimate result will depend a great deal on the uncertain factor of imports. 4 —B. 6.

Estimated expenditure.

Estimated results