COUNTRY'S REVENUE

Dominion, Volume 9, Issue 2876, 14 September 1916, Page 6

COUNTRY'S REVENUE

A SATISFYING INCREASE

COMPARATIVE STATEMENT

Tho Hon. Arthur 31. Myers, ActingMinister of Finance, has furnished the following figures for publication, which show tho rcvenuo and expenditure for tho fivo months ended August 31, 1916, compared with.tho corresponding period of last year, also the revenue for the year ended August 31, 1916, compared with the year ended August 31, 191».

In submitting the statement of rcvenuo and expenditure for tho five months ended August 31, 1916, Mr. Myers draws attention to tho satisfactory condition of affairs disclosed, the revenue having increased to the extent of nearly £700,000, whilst tho expenditure has increased a matter of only a littlo over £160,000,- more than half of which is on account of interest and sinking fund.

"The revenue figures for tho vear ended August 31, 1916," said Mr. Myers, "aro also very interesting, and disclose a remarkably satisfactory position, the increase over last year being well over £2,600,000."

Details of the revenue for the fivo months ended August 31, 191G, compared with tho fivo months ended August 31, 1915, aro:—

Five Five mo/iths months ended ended Aug. 31, Aug.3l, 1916. 1915. ' £ £ Customs 1,527,967 1,363,762 Stamp and death duties 693,289 450,64b Postal and Telegraph ... 460,469 381,431 Land tax 4,352 27,675 lncomo tax 11,781 8,581 Brai\ duty 70,870 16,935 Railways 1,767,875 1,511,9G8 Registration and other fees 39,918 •10,801 Marine 16,069 „ 17,132 Miscellaneous 147,100 136,219 Territorial. 73,790 71,521 National endowment revenue 85,971 92,655 Other receipts — 9,451 4,899,051 4,222,115 Ordinary Revenue Account. The following statement shows the expenditure for five months ended August 31, 1916, compared with tho corresponding period for 1915:— Five Five i months months ended ended .August 31, August 31, - 1916. 1915. £ £ ■ Permanent chargesCivil List 8,957 7,182 Interest and sinking fund ....; 1,512,086 1,454,825 Under special Acts .... £64,264 528,854 2,115,307 1,991,161 Annual appropriationsClass, Legislative 16,453 12,677 Class, Finance 32,900 27,730 Class, Post and Telegraph 343,811 298,815 Class, ■Railways 1,049,202 1,134,344 Class, Public Buildings 30,472 33,853 Class, Native 9,369 10,081 Class, .Tustico 119,257 155,535 Class, Mines /. 9,290 11,227 Class, Internal Affairs 194,327 164,674 Class, Defence .'. 191,948 175,655 Class, Customs andMarino 51,291 G0J720 Class, Labour 12,642 12,620 Class, Lands and Survey 82,391 94,631 Class, Agriculture ... 81,961 72,413 Class, Education 626,203 559,111 Son-ices not provided for ..... 3,367 17,992 2,887,886 2,842,390 Totals ; 5,003,193 4,833,551

The statement of Tevenuc for the year ended August 81, 1916, compared with the year ended August 31, 1915, is as under:— Year Year ended - ended Aug. 31, Aug. 31, 1916. 1915. <£ £ Customs 3,530,376 ■ 3,230,716 Stamp and death duties • 1,682,948 1,423,835 Postal and Telegraph 1,765,955 1.340,635 Land Tax 1,025,033 821,886 Income Tax 1,395,311) 538~,941 Beer Duty 181*827 128,464 Railways .': 4,710,244 4,101,849 Resristration and other fees 105,377 106,278 Marine 45,405 47,099 Miscellaneous 435,356 443,121 Territorial 220,583 241,998 National Endowment 85,971 92,655 Other receipts 2,622 13,194 15,187,076 12,530,671