ECONOMIES AND SAVINGS.

Press, Volume LVIII, Issue 17470, 2 June 1922, Page 7

ECONOMIES AND SAVINGS.

(special to "the fress.") INVERCARGILL, Juno 1. The Prim© Minister to-night quoted the following statement, compiled from Departmental returns supplied to the Treasury, concerning the savings effected in expenditure:—

Increased charges had, however, to "be met on account of: £ Interest and Sinkincr Fund 610,685 Scale increases to classified salaries .. 228,443 * This includes accounts outside the Consolidated Fund—viz., Public Works Department, Public Trust OfficP, Government Insurance, Hoiming Branch, "War Expenses, Forestry Department, State Advances Office, etc.

Other* Depts. Consolidated and Total. Fund. Services £ £ £ 1. Total amount saved eus result of first cut in cost-of-living increase for January, February, and March, 192-2 146,642 30,592 177,234 Equivalent to annual saving of 586,568 • 166,368 752,936 2. Savings resulting from economies effected during year I92I-25, including reduction of staff 533,652 378,902 912,554 3 Butter and flour subsidies discontinued ,200,000 — 1,000,000 4 Total estimated annual saving from other economies now operating 656,275 232,837 889,112 5. Additional rfvenue aecining from economies effected or adjustment of methods cf collection 71,699 400 72,099 ( Savings in interest and Sinking Fund 759,5C0 7,100 7G6,903 7. Estimated annual saving in proposed second cut in salaries, etc. 503,000 143,000 646,000 Proposed third cut- in salaries, etc. 335,000 95,000 430,000 £4,592,336 £1,054,499 £5,646,835