Surplus Forecast

Hawke's Bay Herald-Tribune, Issue 60, 27 March 1937, Page 6

Surplus Forecast

— Press Aasociation.)

DOMINION ACCOUNTS Mr. Savage's Parting Announcement £100,000 TO THE GOOD

(By Telegraph-

WELLINGTON, Last Night. ' A surplus of £100,000 in the nationat accounts appears assured for the financ:ial year ending Mareh 31. This pros.pective result was annonnced by the [Prime Minister as Acting-Minister of Finance prior to his departure for England. Mr. Savage said he had arranged for ipreliminary estimates of national jfinance for the closing of the financial jyear to be taken out before leaving for England and he was pleased to be able to announce that a surplus would bOj arecorded. "It is very gratifying on the, ,eve of my departure," Mr. Savage ex-j plained, "to be in the position to an-j nounce this Tesult. It is of course, im-j ■possible at this stage to indicate exact-] ly what the completed accounts will dia-| (Close, but from particulars which havej been submitted to me I feel justified.inj ^aying that the revenue for tho yeari jwill exceed the expenditure by approx-! imately £100,000."* "Mr. Savage added that the esfci-t mates taken out at the beginnig of thei yeat had been closely attended to, in-. dicating that the Government had main-l tained effective control over its fin-l ances. "It is clear that the year has been a satisfactory one, both from the, point of view of pnblic accounts andi business conditions generally. "In, fact," Mr, Savage concluded,, "The year has been one of substantiali Smprovement- in the -material welli being of the whole community."