THE PUBLIC ACCOUNTS.
It has,.become: a practice with the Prime .Minister, 'Sik ■ Joseph Ward, to deal with the revenue returns before they are gazetted, a practice that would be. commendable if the figures, were given intheir entirety. But unfortunately the ■ ;Prime Minister only deals with the revenue; the details of the expenditure are not. given,' although this year we are assured that there has been "a, considerable increase" ,of expenditure, and such, an admission implies a good deal. The revenue for the nine months ended December 31, 1908, totalled £6,421,028, • showing an : increase of £113,927, as compared with the corresponding period of. the, previous year. The revenue obtained in the nine monthly periods of six successive years compare as under;— ;■ ~ ' 'Nino month's-.-;:'', Total '.?'.' , . .to Deo. 31. : Revenue.' •"" ■. Increase. . ■'■■/■■y.,:-.- : ■■'■: ■ &■■■■■ ..■■ ■. ■£,;■•■.••' ag0?.:,...; 4,855,526;.;.,: ■-- ■■■' ■:■:■ ■ 1904".-, ... .' 6,025,626 '.., ; 170,100 ■ 1905 ■ ■"..; 5,218,642 ...188,016 O v 1906 ..... 5,826.060 ... 612,418 ■'•.■ 1007' .„ 6,307,101 ~; • 481,041 -. ..•;•■'■; 1808':•,■■.; ~.6,421,028 ~. 113,927 \ : The increase., it will be observed, is only aira'otiori of ■■'the/ improvement shown in the two preceding years,"and very much smaller :than : "the. increases: exhibited in .1904 and 1905, This shrinkage reflects in epme degree the prevailing /economic conditions; and confirms what we have said On provious. occasions when-, dealing with, the .finances' of; the country. '■■ : However, the increase, small though it is, must be regarded with ; some degree: of satisfaction. It would be interesting to know to. wtiali extent the railway revenue was influenced by the Manawatu Railway, and Main Trunk line, both of which were in operation under Departmental control for a portion orthe past quarter. We reserve further comment until the full details of the revenue and expenditure are .published.in'the,Gazette, ■' . ; :
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Dominion, Volume 2, Issue 402, 11 January 1909, Page 4
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271THE PUBLIC ACCOUNTS. Dominion, Volume 2, Issue 402, 11 January 1909, Page 4
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