THE DOMINION'S FINANCES

Dominion, Volume 12, Issue 118, 12 February 1919, Page 8

THE DOMINION'S FINANCES

JANUARY REVENUE RETURNS . STATEMENT BY MR. MYERS Tho Hon. Arthur Myers, Acting-Miuis-ter of Finance, has'furnished tho following particulars relating to the revenue for tho month of January, 1919, as compared with tho same nionlh last year; the .years ended January 31, 1919, and 1918,' respectively; also particulars of reveuuo and expenditure for the ten months ending January this year, compared with the similar period for 1918. Commenting on the figures Mr. Myers remarked that it would be noticed that the revenue for the month of January, 1919, shows a considerable reduction over tha corresponding month last' year, amounting to ,£383,100. The. total revenuo for the ten months ending January 31, 1919, however, shows a net increase of .£1,168,171 over the corresponding ten months of last year. The expenditure for tho ten mouths ended January, 1919, shows an increase of .£2,657,693 in excess of tho expenditure for the ten months ended January, 1018. The increases in expenditure apply to most Departments, but the chief increase, of course, comes under the heading of interest and sinking: fund, pensions,' , etc. . "The expenditure up to date for rue year 1918-19," continued the Minister, "shows an excess over the revenue_for the same period amounting to .£1,091,075. ilns difference will be more than made good when the income tax for the year is collected. The Public Works fund shows a decrease in expenditure of .£82,281 tor this year, as compared with the similar period of last year." ' £ Total Tevenue for the month of January, 1919 5'9,321 Tittal/Tevenue for tho month of January, 1918 ■ W°W ' Decrease '■ ■■ THE YEAR'S FIGURES The following is a statement of the revenue for the year ended January 31, 1919, compared with the year ended January 31, 1918:- ■ ' Year lear ended ended Jan. 31, Jan. 31, 1919. 1918. £ £ Customs .....'. 3,565,721 3,404,924 Stamp and Death Duties , 2,181,131 1,719,8,0 Postal and Telegraph 1,993,439 j,8M20 Land 1,488,729 1.3(3,496 5>4.550 ■ 4,588,031 Beer Duty .......... 263,205 223,157 ............... 4,7 M,050 4,670,283 lustration & other ~ i? CPS 107,800 99,007 Marine" 34,561 39,338 Miscellaneous 984,998 715,879 Territorial 198,919 204,5b, National Endowment Revenue 108,824 100,493 Other receipts 59,433 50,641 , - ' Totals .£21,374,303 .£19,087,112 Increase f m year 1919 X 2.287.281 Ten-Month Comparison. 'Statement of the revenue for the ten months ended January 31, 1919, compared with the revenue for the-ten months ended January 31, 1918:Ten Ten months months ended. « ended Jan. 31, Jan. 31, 1919. 1918. £ £ •.. 2,903,742 2,729,326 'Stamp and' Death Duties 1,038,877 1,346,760 Postal and Telegraph 1,500,942 1,313,759 land Tax 1,452,829 1,349,808 Income Tax ...: 406,077 431,088 Beer Duty 212,109 185,979 Railways' 3,690,002 3,569,175 Kesistr'atioii and other Fees 81,997 75,446 Marino 26,660 30,152 Miscellaneous 767,449, 500,888 Territorial 122,262 128,956 National Endowment. Revenue ' 108,824 100,493 Other receipts 40,925 20,694 Totals # .812,979,695 ,£11,811,524 Increase during ten months ended January 31 £1,168,171 Expenditure. Statement showing the expenditure for' the ten months ended January 31, 1919, compared with the corresponding period for 1918:- ■ . . Ten Ten months months ended ended " Jan. 31, Jan. 31, 1919. 1918. £ £ Permanent ChargesCivil List 21,083 20,741 Interest and Sinking • ,I'und 5,260,546 3,367,730 Under Special Acts 2,102,192 1,544,465 £7,383,821 £4,932,936 Annual AppropriationsClass I-Legislative 27,423 34,375 Class 11-Financs ... -113,243 89,949 Class lll—Post and Telegraph 928,475 941,869 Class IV—Working Railways 2,483,204 2,404,749 Class V—Public Build- ./ ings, etc ' 71,648 70,880 Class VI-Native Department 20,613 19,005 Class Vll—Justice Department 362,840 342,367 Class VIII-Mines ■' Department • 32,693 ' 21,232 Class IX—lnternal Affairs .:......-.....'..- 211,986 179,593 Class X-Mental Hos- ■ nitals . and Public , . Health ....: 237,163 194,774 Class XI-Tourist ' 38,003 33,449 Class XII-Defence 297,295 335,639' Clsss XIII-G'ustoms. .. ... and Marine- ...-..;... . 129,348 123,792 Class XIV-Labour ' 25,467 . 24,364 Class XV—Lands and ■ . •■' ; Survey .: ,149,519 . 125,162 Class .XVI-Valua- - ■ tion and Elections. 37,681 31,238 Class XVll—Agricul- • ~ . •' hire. etc. : 185,346 , 208,876 Class XVlll—Education .1,298,141 -1,235,846 Services not provided for ■ 36,861 2,976 ' '■•■■ ' ,£6,686,949 ,£6,-t80,141 Grand totals £14,070,770 £6,480,141 Increase during ten months ended January 31, 1919 ............... .£2,C5,,693 PUBLIC WORKS FUND The following statement shows the position of the Public Works Fund from April 1, 1918, to January §1, 1919:Balance on April I 1918 295,539 «* "— 1,232,839 Expenditure ....'...', .'.:. ■;; •• 721,070, Balance, i January 31, 1919.; i! 511,769 ' 1 : ' ! '. ' 1 ! | ' ' ; j ; \ [ . '