CUSTOMS REVENUE AT GREYMOUTH STILL BUOYANT

Grey River Argus, 1 October 1948, Page 2

CUSTOMS REVENUE AT GREYMOUTH STILL BUOYANT

Up Nearly £BOOO for Half-year

Indicating the buoyancy of trade the customs returns for Greymouih for the first six months of the present financial year, up to yesterday, show an increase of £7964 over the same period last year. At the end of the first quarter of the year, the increase had been £lO3BB, mainly due to a big increase in sales tax. but this has receded during the past quarter by nearly £6OOO. Despite this, however, revenue from other sources shows an improvement, the increased figures, being: Customs £6949; Beer Duty £4088; and Petrol Tax £971. Sales Tax declined by £419 in the past six months, and Gold Tax by £3697, the latter being largely due to the removal of the tax during the last month’s returns.. During September, the Beer Duty increased by over £lBOO, but this was due to the fact, that five pay-in dates were included for the month. Petrol Tax, despite the rationing of petrol, increased during the month by nearly £lOO. In the July-September quarter, the increase has been £5OO. The removal of the Gold Tax will naturally result in reductions in tax collections during the remainder of the present year. In September’ alone, the loss of revenue, as compared with September 1947, was £2209. HALF-YEARLY FIGURES

Figures for the six months, together with those for the corresponding period of 1947 are as follows: —

JULY-SEPTEMBER QUARTER For the July-September quarter of this year, compared with that for 1947, there has been a decline of £2374 in revenue received. Compara-

SEPTEMBER RETURNS Last month there was a total decrease of £312 in revenue collected, compared with September 1947. The figures are:—

1948 £ 1947 £ . .. 51774 44825 Beer Duty ... 28353 24265 Sales Tax ... 43596 44015 Gold Duty ... 7125 • 10822 Petrol Duty ... ... 20138 19157 Miscellaneous ... 69 87 Totals .. • • .. 151239 143275

tive figures arer— Customs 1948 £ 28084 1947 £ 23610 Beer Duty 13868 12013 Sales Tax 21723 27512 Gold Duty 2772 6214 Petrol Tax 10260 9714 Miscellaneous .... 69 87 Total 76776 79150

1948 £ 1947 £ Customs ... 8951 8426 Beer Duty .... ... 5766 3804 Sales Tax ... 7081 7765 Gold Duty .... — 2209 Petrol Tax .... ... 3487 3394 Miscellaneous .... 32 31 Total .. 25317 25629