DOMINION FINANCE

Dominion, Volume 13, Issue 140, 9 March 1920, Page 7

DOMINION FINANCE

FIGURES FOR ELEVEN MONTHS ! ALMOST A BALANCE The Prime Minister, in his capacity of Acting-Minister of Finance, issued yesterday a statement of the revenue and expenditure for the eleven months of the financial year ended February- 29, with' the usual comparison with the figures for the corresponding period of last year. The figures show in effect that increase in revenue is just about balanced by increase in expenditure, but in the last; month of tho year it always happens that there are sums added to revenue which assure a surplus, and it is considered -reasonable to hope for a surplus this- year, although perhaps tiot such' a surplus as was returned at the end of last year. Following are the figures:—

Revenue. 11 months 11 months ended Feb. ended Feb. , 29, 1920. 28, 1919. .e Customs 4,206,090 3,376,200 Stamps 2,931,942 1,879,542 Postal and Telegraph 1,568,978 1,524,265 Land-tax ...1,545,606 1,504,282 Income-tax 3,602,745 2,258,995 •Beer duty 313,177 ; 236,479 Railways 4,929,683 4,269,901 Registration and . other fnes 136,949 93,610 Marine .>..... 37,193 . 30,385 Miscellaneous 978,801 837,680 Territorial 173,369 152,972 ■ National Endow- • • ment revenue ..... 112,840 108,824 Other Teceipts 5,288 45,284 20,542,661 16,318,419 Net increase ..... ;... £i,224,242 Expenditure. , 11 months 11 months 1 ended Feb. ended Feb. 29, 192 Q." > 28,1919. .£■ ■■ £ Permanent Charges— Civil List 20,769 23,089 Interest and Sink- , ing Fund 6,801,754 5,674,785 Under Special Acts 3,121,596 2,438,592 ■ 9,944,119 8,136,760' Ailnual Appropriations— i Class I' 'Legislative 39,005 32,593 Class II Finance ... ' 159,459 130,852 Class 111 Post and Telegraph 1,275,623 1,142,671 Class IV Railways 3,725,778 , 2,885,801 Class . V Public Buildings, etc. 118,055 • 90,690 Class VI Native ... - 24,920 - 22,986 Class VII Justice 465,976 411,579 Class VIII Mines - 30,061 36,309 Class- IX Internal-' ' Affairs 1 - ■ 286,410 242,485 Class X Mont-. Hos- •. pitals, Public Health, etc. ......' 533,401 276,186 Class XI Tourists 56,992 43,347 Class XII Defence 415,173 331,282 Class XTII Customs, ■ ■ and Marine 185,986 146,35S ■Class XIV Labour 35,483 28,451 Class XV Lands 'and Survey 218,602 . 182,201 Class XVI Valuation and Elect.... 156,967 39,054 Class XVII. Agri- '■■■■', culture 586,856 220,156 Class XVIII Education : 1,924,967 1,466,822 Services not provided for ... 13,660 37,746 ■ 10,253,374 7,770,569 Sinking , Funds Transferred ' ' 400 \ Totals 20,197,893 15,907,335 Net increase £4,290,550 Balance April i ... 15,239,561 ' 11,560,788 Receipts 20,542,661 16,318,419 Less expenditure ... 27,879,207 20,197,893 15,907,335 .Balance end of Feb. 15,584,329 11,971,872 As follows:— Cash 1,966,356 918,165 Advances 2,305,591 ' 1,751,238 Investments ....... 11,312,352 ' 9,302,469 Totals 15.584,329 ' ! 11,971,872