CONSOLIDATED FUND.
STATEMENT OF RECEIPTS AND EXPENDITURE.
EXI’ENDITURE EXCEEDS REVENUE.
By Telegraph —Press Association. Wellington, last night. The statement of receipts and expenditure of the consolidated fund for the first quarter of the financial year, published in tho Gazette, shows the revenue total i 11,100,839, as against X 1,107,421 in the corresponding quarter of last year, and territorial revenue amounted to .£27,721, against £27,631 ; the aggregate was X 1,101,560, as against £R135,052, an increaso of £25,508, while the increase in the previous year was £55,628. The customs show a decrease of £24,147, stamps £1455, and Land and Income Tax £6SS. The increases were: Postal £4161, beer duty £1863, railways £35,376, registration £875, marine £4Ol. miscellaneous £10,032, and territorial £OO. Revenue was increased by receipts in aid £57,000, and recoveries £5,603. making a total revenue for the quarter of £1.224,253. The expenditure shows an increase of £148,432; last year there was a decrease of £10,315. The permanent appropriations for the past quarter totalled £860,604. or £58,787 more than in the corresponding quarter, and the Departmental expenditure totalled £632,403, or £80,645 more than in the June quarter of last year. The actual expenditure was thus £1.403.187. while revenue from all sources was £1,224,253. In the Public Works fund there was a balance at credit at the beginning of the quarter of £232,516. and proceeds of sale of debentures brought in £1,000,514. It appears that four per cent, debentures to the amount of half a million were sold in London during the quarter. The receipts, including the balance brought forward, was £1,308,051. On the expenditure side it is shown that £417,213 was spent on public works, against £151.640 in the corresponding quarter of last year. The expenditure on railways totalled £265,133. Tho expenditure and re-payments together totalled £622,023, leaving the public works fund in credit to the amount of £686,028 on 30th June.
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Bibliographic details
Gisborne Times, Volume VI, Issue 192, 21 August 1901, Page 3
Word Count
310CONSOLIDATED FUND. Gisborne Times, Volume VI, Issue 192, 21 August 1901, Page 3
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