THE STATEMENT.

Dominion, Volume 6, Issue 1822, 7 August 1913, Page 4

THE STATEMENT.

JIEVENUE & EXPENDITURE. THE YEAR'S TRANSACTIONS. Following is the text of the statement presented • by, the Hon. Jos. Allen, Minister for Finance:— , , In submittins the annual Statement stowing the financial position of the Dominion as at March 31. 1913, for the consideration of the Committee, it is a pleasTire to bo abb to announce that the revenue for the year exceeded the estimate by ,£785,G18. The figures are as follow;.— Revenue. Revenue; 1912-13 ./. 11.731*022 Estimated revenue, 1912-13 ■ 10,918,401 . Excess over estimate 785,G18 It is also satisfactory to noto that tlio actual revenue for 1912-13 exceeded that for 1911-12 by X 701.478. The figures aro: £ Eevenuo for 1912-13 11,731.022 Revenue for 1911-12 11,032,511 Excess 1912-13 over 1911-12 ... 701,478 Details of Rovenue. Tho subjoined tablo. Rives details of this excess :— 1912-13. 1911-12. Inc. ■ £ £ £ Consolidated FundOrdinary revenueCustoms ..3,407,533 3,279,012 128,526 Stamps (Stamp .Department) 1,052,317 913,188 109,159 Postal and Telegraph 1,167,977 1,089,808 78,109 ■Land tax 728,036 617,016 81,020 Trcorne tax ... 102,911 118,935 11,059 Beer duty ' 121,223 119,131 5,092 Railways 3,908,350 3,605,613 302,737 Iteristration and other fete ; ... 33.030 108,493 *11,505 u 52,705 ■ 18,322 1.413 Miwlhiieouv 301,339 371,868 *10,529 251,503 218,791 5,718 Q r& d ?"V. 59,411, 62,365 '2.951 Iccrcasa ; H'jj^ . ■■...■ - a ' u " Totals 11,734,022 11,032,511 701,478; "Decrease,

Expenditure. £ Estimated expenditure, 1912-13 11,229,001 .Expenditure-,'' -1912-13 11,082,038 Less than estimate ;.... 146,966 Tho actual expenditure for the year exceeded tliat for the previous year by ,£741,670, the figures being:— £ Expenditure, 1912-18 ..' 11,082,038 Expenditure, 1911-12 11,340,368 Excess' fojS . 1912-13 :i.'............ 741,670 The details of this excess are as follow: Year Tear Expenditure. 1912-13. 1911-12. More, £ £ £ , .Permanent Ap- . propriations— Civil List 33,493 33,680 ' *187 Interest & Sinking Fund 2,717,013 2,656,340 G0,673 Under ~ Special Acts 574,441 . 510,486 63,955 .Subsidies paid to ' . ' Local Authorities 110,528 105,938 4,590 Territorial Rev- • "onue 41,317 38,478 2,839 Endowments, ... 156,248 ,152,772 3,476 Old. ago pensions 397,037 336,962 10,075 Widows'..'' PenSons - 22,108 1,962' 20,146 4,052,185 3,886,618. 165,754 Annual AppropriationsLegislative De- •' -partments 35,517 31,628 3,889 ' Department of l*'i--nance 55,026 47,449 7,577 Post ! and Tele- ■' graph Department 1,066,772 986,527 80,245 Working' Railways -'Dopartinent 2,817,141 2,451,717 365,424 Public Buildings, . ■Domains, and ■Maintenance of Roads 117,703 88,745 , 28,958 Native ■ Department 23,668 20,724 2,9-14 Justice Department ; 404,316 379,309 25,007 Mines Department 29,948 24,841 5,10-1 Department of In- . tonal -Affairs 311,599 437,726 *123,127 Defence Department 505,267 401,870 103,397 Custom?, Marine, and Inspection of Machinery • Departments . 134,020 118,528 15,492 Department of Labour 29,177 25,245 3,932 Department of Lands and Survey 231,246 ' 234,501 *3,255 Department of Agriculture, Industries and Commerce .. 178,904 172,957 5,947 Education Department ..... 1,084,042 1,012,048 71,994 Services not provided for 2,507 19,932 *17,425 7,029,853 6,453,750 719,910 Incroase 885,664 Decrease 143,994 Totals 11,082,038 10,340,368 741,670 ■ 'Decrease. The Year's Operations. • £ Balanco brought forward 1 , April 1, 1012 807,276 Revenue 11,734,022 Other receipts 248 Total 12,541,546 Expenditure during year .'. 11,082,033 Balance 1,459,508 Transfer to Public Works Fund 750,000 Balance, March 31, 1913 709,508 Treasury Bills. • During the year Treasury bills to tho amount of wero issued nnd were repaid. It is satisfactory to note that on M arch 31, 1913, none were outstanding. PUBLIC WORKS FUNDAMOUNT AVAILABLE, £1,621,515. The position of thi3 fund may be shown as follows:— £ £ Balance from last year • 82,580 Receipts— I/oan-nioney 2,505,002 'I'ransfeT from rereuuo 750,000 Other receipts 119.9G9 — 3,374.071 3,457,551 Expenditure— Under appropriations 2,378,539 Other charges 1,271 Debentures redeemed 101,000 Repayment of advance obtained in anticipation of i 11,500,000 loan of 1911 350,000 ■ 2,830,810.

Balance at March. 31, 1913 •626,741 Balance of loan- . money to be received 994,774 Amount available with which to start the current year , 1,621,515 includes -£2-19,776 for redemption of debentures duo April 15, 1913. THE PUBLIC ACCOUNTS. STATEMENT OF THE POSITION. The following statement indicates the financial position -of tho - Dominion, on March 31, 1913, as oompaxed with March 31,1912:Consolidated Fund. £.£ Balance on March 31, 1912 ; 807,276 Liabilities on March 31,. 1912 293,741 Balanco on March 31, 1913 709,508 Liabilities on, March 31, 1913 ... 289,123 Public Works Fund. Balance on March 31, 1912 82,580 Loan-money to leoeive 1,050,000 .... 1,132,580 Liabilities on March 31, 1912 1,135,812 Balance on March 31, 1913 *376,965 Loan-money, to receive 994,774 1,371,739 Liabilities on March 31, 1913 f673,933 •Does, not include .£249,776 for redemption of debentures, April 15, 1913. fDoes not include .£325,870, liabilities in connecton with Midland Railway Contract, which were included in liabilities as at March 31,. 1912, and which were written oif during tho year-. The Aid to Water-Power Woris Account. £ , £ Unexhausted authority for raising loan ... 500,000 Liabilities on March 31, 1912 56,157 Balance on March 31, 1913. 14,991 Unexhausted authority for raising loan ... 450,000 464,991 Liabilities on March 1913 132,162 (Irrigation and Water-supply Account.) £ '£ ' Unexhausted authority for raising loan ... 100,000 Liabilities on March. 31, 1912 Nil. Balanco on March 31, 1913 311 Uflexhausted authority i for raising Joan ... 85,000 85,311 Liabilities on March 31, 1913 50 State Forests Account. £ £ Balance on March 31, 191 31,587 Liabilities on March - 31, 1912 601 Balance on March 31, 1913 , 25,943 Liabilities on March 31, 1913 39ft State Coal-mines Account. £ £ Balance on March 31, 1912 23,479 Liabilities on March 31, 1912 Njj Balance on March 31, 1913 51,067 Loan money to receive 15,596 Unexhausted authority for raising loan ... 25,000 91,663 Liabilities on March 31, 1913 10,707 Scenery Preservation Account. £ £ Balance on March 31, 1912 2,164 Unexhausted authority for raising loan ... 55,000' 57,161 Liabilities on March 31, 1912 102 Balanco on March 31. 1913 332 Unexhausted authority for raising loan ... 40,000 40,332 Liabilities on March 31, 1913 70 Naval Dafenco Act Account. £ '£ Balance on March 31, 1912*- *304,363 Unexhausted authority for raising loan ... 600,000 904,363 •Includes .£15,000 impreste-d High Commissioner to meet charges in connection with construction of, cruiser. Liabilities on March 31, 1912 Nil.

Balance on March 31, 1913* *62,861 Unexhausted authority for raising loan ... 316,500 379,361 Liabilities on March 31, 191!! Nil. 'Includes £47,000 imprestcd High Commissioner to mako final payments in connection with H.M.S. New Zealand. Wollington-Hutt Eailway and Road Improvement Account. £ : £ Balance on March 31, 1912 2,299 Unexhausted authority for raising loan ... 5,320 7,G19 Liabilities on March 31, 1912 7,600 Balance on March 31, 1913 ' 2,477 Unexhausted authority for raising loan ... 5,320 7,797 Liabilities on March 31, ' 1913 7,777 Railways Improvement Account. £ £ Balance on March 31, 1912 568 Unexhausted authority for raising loan ... 59,250 ' ' 59,818 Liabilities on March 31, 1912 132,48G Balance on March 31, 1913 ; 94 Unexhausted authority for raising loan ... 105,470 . 105,564 Liabilities on March 31, 1913 103,233 Waihou and Ohinemuri Rivers Improvement Account. £ £ Balance on March 31, 1912 99,671 Unexhausted authority for raising loan ... 50,000 — 149,671 Liabilities on, March 31, 1912 9,902 Balance on March 31, 1913 91,091 Unexhausted authority for raising loan ... 50,000 141,091 Liabilities on March 31, 1913 8,050 ' Native Land Settlement Account. £ £ Balance on March 31, 1912 4,348 Unexhausted authority for raising loan ... 245,500 249,848 Liabilities on March 31, 1912 430 Balance on March 31, 1913 9,631 Unexhausted authority for raising loan ... 420,000 ' . ' 429,631 Liabilities on March 31, 1913 2,560 Maori Land Settlement Account. £ fJC . Balance on March 31, 1912 ....: 3,844 Unexhausted authority for raising loan ... 450 —— 4,294 Liabilities on March 31, 1912 . Nil. Balance, on' March 31, 1913 3,814 Unexhausted authority for raising, loan ... 450 4,294 Liabilities on March 31, • 1913 Nil. Land for Settlements Account. £ £ Balance on March. 31, 1912 66,040 Unexhausted authority for raising loan ... 147,085 213,125 Liabilities on March 31, 1912 — 2,977 Balanco on March 31, 1913 47,672 Loan money -to receive *125,503 Unexhausted authority for,raising loan ..; 510,500 — 683,675 Liabilities on March 31, 1913 — 1,196 •Does not includo £50,000 raised for redemption of debentures due April 1, 1913.. Loans to Local Bodies' Account. £ ' £. Balance on March. 31, 1912 r- 7,257 Liabilities on March 31, 1912 Nil. Balance on -March. 31, 1913 w- 4.957 Liabilities on March 31, 1913 Nil. Opening Up Crown-Lands for Settlement Account, £ £ Balance on March 31, 1912 20,086 Unexhausted authority for raising loan ... 38,750 58,836 Liabilities on March 31, 1912 — 9,582 Balanco on March 31, . 1913 10,405 Unexhausted authority for raising loan ... 61,730 72,135 Liabilities on March 31, 1913 9,396 Hauraki Plains Settlement Account. ' £ £ Balanco on March, 31, 1912 — 7,522 Liabilities on March 31, . 1912, , - 1,861 Balance on March 31, 1913 - 2,778 Liabilities on March 31, 1913 - 163 Rangitaiki Land Drainage Account. £ £ Balanco on March 31, 1912 : 14,180 Unexhausted authority for raising loan ... 25,000 39,180 Liabilities on March 31, 1912 — 889 Balanco on March 31, 1913 9,599 Unexhausted authority for raising loan ... 15,000 j • 24,599 Liabilities on March 31, 1913 - 311 New Zealand State Guaranteed Advances Account. * £ • £ Balanco on March 31, 1912 335,014 Unexhausted authority for raising loan ... 1,225,000 1,560,044 Liabilities on March 31, 1912 — 389 Balanco on March 31, 1913 450,723 Loan money to receive 690,000 Unexhausted authority for raising loan ... 2,028,000 3,168,723 Liabilities on March 31, 1913 — 470