DOMINION FINANCE

Dominion, Volume 11, Issue 257, 18 July 1918, Page 5

DOMINION FINANCE

LOAN OPERATIONS THE COMPULSORY CLAUSES STATEMENT BY THE MINISTER. The Hon. Arthur M. Myers, ActingMinister of Finance, has furnished tho following particulars relating to tho revenue mid expenditure for tho quarter ended .Tuno 30, 1018, as compared with the similar quarter of 1017; also revenue for tho month of June, 1!H8 and 1917, and tho twelve months ended .Tune .10, 11H8, us eomparal with tho same period ending June 30, 1917. Commenting on the figures, the.Minister said: "It will be noticed that revenue for the quarter just ended shows an increase of i'Gl6,'ll9. Tho small decrease in income lax is .accounted for merely by (he ordinary variation of collection. The revenue for the year ended Juno ,10, 1918, as compared with a similar period ended Juno 30, 1917, shows an increaso of .12,559,299. "The expenditure for the quarter ended June 30, 1918, shows an'' increaso over the samo quarter for 1917 of ,£797,793, and is due to additional pensions, and to the fact that interest and sinking-fund charges are growing heavier year by year, as new loans are raised. As will be seen, the increased permanent charge for interest and sinking fund alone amounts to i;CBG,SGt. . "It is impossible, of course," added Mr. Myers, "to make any forecast as regards' tho future, as so much - depends upon the facilities for importing and exporting goods to and from tho Dominion." , " BEYENUE. Statement of the revenue for the three months ended June, .Hi,• 1918, compared with -the three months ended Juno 30, 1917. 3 mths. 3 mths. /"ended ended .Tunc 30, June 3D, ' 1918. 1917. £' £ Customs ■. 860,907 746,695 Stamp and Death Duties 422,814 390,436 Postal and Telegraph ... 609,835 445,842 Land Tax.. 35,973 6,749 Income Tax 108,919 119,783 Beer Duty : 66,355 43 961 Railways 1,222,859 992,566 Registrat'n k other fees 25,175 23,186 Marino 9,004 8,524 Miscellaneous 106,906 86,927 Territorial 15,264 14,650 National Endow. Rev.... 108,824 100,493 Other receipts 10,249 > 6,823 ' 3,603,084 2,986,835 Increase during 1918 quarter 616,249 £ Total revenue for the month of June, 1918 1,615,916 Total revenue for the month of June, 1917 1,325,912 Inorcase 291,004 REVENUE. Statement of tho revenue for the year ended June 30, 1918, compared with the year ended June 30, 1917. Year Year ended ended June3o, June3o, 1918. 1917. £ £ Customs 3,478,320 3,698,301 Stamp & Death Duties 1,924,392 1,699,021 Postal and Telegraph ... 2,000,549 1,832,433 Land Tax 1,414,942 716,859 Income Tax 5,608,697 4,372,385 Beer Duty 259,469 188,156 Railways 4,098,516 4,721,872 Kegistrat'o & other fees 103.238 108.394 Marine 38,533 43,080 Miscellaneous. 738,416 528,936 Territorial' 206,257 214,219 National Endow. Rev. ... 108,824 100,493 Other receiptß 42,628 39,023 20,822,471 18,263,172 Increaso for year 1918 2,559,299 ORDINARY REVENUE ACCOUNT. Statement 'showing the expenditure for the three mouths ended Juno 30, 1918, colli pared wich tho corresponding period lor 1917; 3 mths. 3 mths. * , ended ended June3o, June3o, 1918. 1917. Permanent Charges— - £ £ Civil List 5,711 5,219 Interest & Sinkiugl'und 1,814,823 1,128,259 Under Special Acts 433,085 297,709 2,253,619 1,431,187 Annual AppropriationsLegislative 7,251 4.793 Finance 37,894 32,497 Post and Telegraph 143,189 219,710 Ha-! ays 760,142 667,058 Piii ~;: Buildings 20,045 17,154 Native 5,44 6 4,912 Justice 62,780 87,455 "Jlinca 12.242 5,151 Internal Affairs 141,175 113.711 Defence 68,471 79,517 Customs and Marino ... 38,172 30,629 Labour 7,158 6,601 Lands and Survey 45,302 36,677 Agiiculturo 33.120 40,574 Education 372,854 374,638 Services not provided for 44,845 103,648 1,800,086 1,824,725 Totalß 4,053,705 3,255,912 Increase during 1918 quarter 797,793 PUBLIC WORKS FUND. Statement showing tho position of tho Public Works Tumi from April 1, 1918, to Juno 30, 1918. .€ £ Balaiicc on April 1. 1918 ... 295,539 Receipts '. 360,232 655,771 Expenditure 171,158 Balance June 30, 1918 484,613