DOMINION FINANCE

Evening Star, Issue 19785, 8 February 1928, Page 9

DOMINION FINANCE

FIGURES FOR MINE MONTHS [Pe» United Press Association.] WELLINGTON, February 7. A statement of the Public Accounts for nine months ended December 31, 1927, appears iu a Special ‘ Gazette ’ this week. Hitherto the Act required publication quarterly of an abstract of the revenue and expenditure of the preceding quarter. In accordance with the amending Act of last session, however, the figures now published show the revenue and expenditure for the current financial year up to December 31, thus prosenting_ a more complete statement of the position. REVENUE. The revenue received for the nine months amounted to £16,138,875, as compared with £16,128,220 for the corresponding period of last year—an increase of £10,655. The principal increases arc;—

The increase iu stamp _ and death duties occurs in death duties and gift duty, and is an ordinary fluctuation. The increase in interest on railways capital liability is duo to the increase in capital liability and to the fact that interest payments have been made earlier this year. The decrease in Customs revenue re-, fleets the diminished imports, and was anticipated in assessing the estimated revenue for the year. EXPENDITURE. 'The expenditure for the nine months was as follows:

The increase in interest is principally due to the interest payable on moneys raised during the financial year. The increase under the Repayment of Public Debt Act, 1925, is duo lo earlier payments. tinder special Acts the principal increase is for subsidies to hospital and charitable hoards, £19,000. The balance is partly due to earlier payments.

Stamp-and death duties £170,121 Interest on railways capital liability ... 122,034 The principal decreases are; — Customs 134.761 Postal ami Telegraph 72,066 Land tax ... 75,638

JVrmHnmil appropriations ... £11,208,928 Annual appropriations 7,025,289 Total 18,234,217 As compared with :— Pennnnont appropriations ... £10,623,514 Annual approprialir.ns 6,998,250 Total £17,621,744 for tlie corresponding period Inst year— nn increase of £(112,472, made up as follows :— Permanent appropriations ... £585,411 Annual appropriations 27,059 Total £612,475 Iti permanent appropriations the principal items of interest are;— Interest £124,727 Repayment of Public Debt Act, 1925 295,000 Under special Act 153,568 Under annual appropriations the main increases are: — Cook Islands £15,407 Defence Department 18,645 Department of Agriculture ... 29,299 Department of Education 45,223 Department of Scientific Research and Industrial Research 20,187 Public buildings £15,596 Naval defence 74,239