TREASURY FIGURES

Dominion, Volume 10, Issue 3109, 13 June 1917, Page 6

TREASURY FIGURES

FOR MONTH OF MAY

REMARKS BY THE MINISTER

The Huu. Arthur M. Myers, ActingMinister of Finance, has furnished the accompanying particulars relating to tho rovenuo jukl expenditure lor the mouth, of Mnv.

In commenting on Hie figures tho Minister said: "It will bo noticed that the total revenue for the iirst two mouths of the current year is greater by £93,220 tliau tho revenue for the corresponding months of Inst year. Tho increase is due principally to income tux. As was to bo exp-euted, there has been a falling-off in both Customs and railway rereuue.

"The erpeditme for tho two months shows an increase of .£287,902 on the correspoiiidinK period of laat year. This ia partly <lue tu the additional pensions payable, and also to the fact that interest and suiting fund charges naturally grow heavier year by year, as "now loans are raised. A good deal of the increase, however, is explained by tho fact that in ! several Departments expenditure has been brought to charge more promptly than in former years, and to this extent tho increase of outgoings -will adjust itself later/' Statement of the ltevenue for the month of May/1917, compared irith the month of May, 1916. May, 1917. May, 1016. J! £ . : Customs 281,298 262,112 Stump and death duties 132,853 150,422 Postal and Telegraph... ,21,119 20,500 . «f $* :::::::: £& S lustration and other Marine "" • - 3,190 3,431 Miscellaneous 15,989 8,653 Territorial - 6,3fi4 fe,303 National Endowment revenue — 100.493 5a.9,1 Other receipts 2,949 — 9fiR,578 1>053.497 Statement of tho revenue for the two months ended May 31, 1917, compared with the tiro months) ended May. Jl, 2 months 2 months ended ended May 31, May 31, 1917. 191(i. Customs 312 ?®'W6 Stamp & death duties 254,425 256,172 Postal and Telegraph 31,369 30,807 Land tax .- 2.818 3,150 Incomo tax "5,919 9,488 Beer duty 30,039 29,514 Railways 583,135 626,469 Kcistration and other s f ces U,I3S 12,576 Marine 5,185 5,085 Miscellaneous 22,777 13,996 Territorial ..._ 8,361 10,639 National Endowment revenue ..._ 100,493 85,9(1Other receipts 2,949 — 1,660,923 1,567,703 ORDINARY REVENUE ACCOUNT. Statement ehowine the expenditure for two months ended May 31, 1917, compared with the corresponding period for 1916;— 2 months 2 months ended ended May 31, May 31, 1017. 1916. £ £ Permanent Charges— Civil list 3,5H 3,543 Interest A sinkinj fund 771,848 748,942 Under special Acts ... 189,979 136,3$ 965,341 SSB.S33 Annual Appropriations— Class I. Legislative 3,0U 3,649 Class IT, Finance 17,552 12,016 Class 111, Post & Telegraph 96,379 "217 Class IV, Railways 351,227 285,025 Class V, Public Buildings 9,315 2,281 Class VI Native 2,929 3,346 Class VII. Justice 31,218 31.4G1 Class VIII, Mines 3,240 3,709 Class IX, Internal Affairs 83,882 76,761 Class X, Defence 45,220 50,375 Class XI, Customs and Marine 18,590 17,846 Class XII, labour 3,855 4,249 Class XIII, Lands and Survey 28,281 34,203 Class XIV, Agriculture 22,645 20,860 Class XV, Education ... 264,277 .241,940 Services not provided for 21,529 1,147 ' 1,003,180 791,726 Totals 1,968,521 1,680,559 *Cr. PUBLIC WORKS FUND. Statement showing the position of the Public Works Fund, from April 1, 1917, to May 31, 1917:- £ £ Balance on April 1, 1917 521,525 Receipts 100,006 621,531 Expenditure 93,878 Balance, May 31, 1917 ... 527,653 '