GENERAL FINANCE.

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

GENERAL FINANCE.

COMPARISON OF THE POSITION. A MARKED IMPROVEMENT. On June 30, 1912, March 31, 1913, and on Juno 30, 1913. It will be seen from the following summary that a marked improvement took place during the nine months ended March 31, 1913, and during the year ended June 30, 1913:— Comparative statement of balances in the Consolidated, Public Works, and other Funds, also State Advances Office, together with loan money to receive, lets liabilities, as at June 30, 1912, March 31, 1913, and June 30, 1913— As at June 30, 1912. £ £ Balanco *1,864,841 Loan money to receive 724,053 2,583,894 Liabilities— General services 12,518,017 State-guaranteed advances commitments 950,173 3.4G5.790 Deficit -£879,89G •Does not include £1,013,200 to pay olt advances received for redemption ot debentures. Includes £171,000 imprcsteil to Iligh Commissioner to make progress-payments on account of H.JI.S. New Zealand. tlnchidos some liabilities fan, for in6lflJKo, £454,520 on account Midland Hallway contract), which did not re-

quiro to be met during tho year. N.B.—Unexhausted authorities to borrow amounted to £4,053,823. As at March 31, 1913. £ '£ Balance *1,875,249 Loan money to receive t1,825,873 3,701,122 LiabilitiesGeneral services +1,239,597 State guaranteed advances commitments .' GG2.014 1,901,611 £1,799,511 'Dock not include £249,776 held for redemption of debentures (tuc April 15, 1913. Includes £47,C00 iinprcstcd to High Commissioner to make final payments on account of 11.M..H. Now Zealand. tDocs not include £50,CC0 T«i;ed for redemption of debentures duo April 1, 1913. JDoe.t not include liabilities aimoiuMing -to £323,070 in connection with Midland 3t/ulws.y contract \vh k-li were included as at June 30. 1912, and were subsequently written off. N.B.—Unexhausted authorities to borrow amounted to £4,112,970. As at .Tune 30, 1913. £ '£ Balance 2,580,805 Loan money to receive 1,0G0,474 — 3,641,339 LiabilitiesGeneral services 2,063,855 State guaranteed ad- . vances commitments 544,329 2,608,184 £1,033,155 To compare the liabilities of the different periods it is only fair to reduce the £2,518,617 general services liabilities as at June 30, 1912, by £325,870, which represents tlio Midland Railway contract commitments written off during the year. The net liabilities as at Juno 30, i 912, should, therefore, for tho purposes of comparison, lis taken at £3,142,920, as against £1,901,611 as at March 31, 1913, and £2,608,184 as at June 30, 1913. •