A.—4

m VI. PUBLIC FINANCE. The year 1932-33 was a very satisfactory one from a financial point of view ; the excess of receipts iivcr payments, excluding repayment of the temporary loan of £6,000 out of the balance brought forward from the previous year, was £7,754. The actual surplus of £7,041 at 31st March, 1932, was increased to £8,795 at 31st March, 1.933. No cash reserves have been built up as yet for replacement of assets, and it is intended in future to invest a sum of money annually whenever possible for this purpose. The following statement shows the amount of revenue and expenditure for the financial year ended 31st March, 1933, together with the corresponding figures for the previous year : —

Revenue.

The Health Department revenue for 1932-33 included a pound-for-pound subsidy of £884 received from the Rockefeller Institute towards the yaws campaign. In respect of both revenue and expenditure for 1931-32 there has been a recasting of the items under departmental headings, the totals being unaffected.

Expenditure.

5

Head of Revenue. 1932-33. 1931-32. I. Customs, taxes, and marine— • ■ £ £ J mport duties .. .. .. 39,924 Export duties — Copra .. .. .. .. 14,914 Cacao .. .. .. .. 1,748 Bananas* .. .. . . 8,692 Other receipts .. . . .. 7,934 73,212 70,382 II. Education .. .. .. .. 628 733 III. Health 11,374 11,522 IV. Justice .. .. .. .. 1,081 1,490 V. Lands and survey .. .. .. 201 343 VI. Native .. .. .. .. 1,019 1,369 VII. Police and prisons .. .. .. 2,738 3,214 VIII. Postal and radio .. .. .. 5,968 9,200 IX. Public works .. .. .. 4,501 5,190 X. Treasury .. .. .. .. 5,198 5,597 Total receipts .. .. 105,920 109,040 * Gross amount, nine-tenths of which was refunded to banana export scheme.

Head of Expenditure. 1932-33. 1931-32. I. Permanent charges on public debt, in- £ £ eluding sinking - fund payments, and repayment of £6,000 temporary advance from New Zealand Government .. 17,113 11,071 II. Administrator and Government House.. 3,682 4,151 III. Customs, taxes, and marine .. .. 4,008 18,987 IV. Education .. .. .. .. 5,459 6,794 V. Health 21,819 17,824 VI. Justice .. .. .. .. 2,320 2,632 VII. Labour 859 1,365 VIII. Lands and survey .. .. .. 907 1,423 IX. Native .. .. .. .. 6,953 8,505 X. Police and prisons .. .. .. 12,968 19,020 XI. Postal and radio .. .. .. 6,114 9,456 XII. Public Trust .. .. .. 804 1,029 XIII. Public works .. .. .. 11,908 15,797 XIV. Secretariat .. .. .. .. 6,509 9,614 XV. Treasury .. .. .. .. 4,406 3,662 105,829 131,330 Less Public Trust and Labour 1,663 2,394 Departments recovered [ 104,166 128,936