FINANCE

Hokitika Guardian, 5 June 1925, Page 4

FINANCE

STATKM F.XT HV MINISTKIL IHXKDJN. June 3

In ilm course of a conversation with a representative ef the “Otago Daily Times'' this evening, the lien. \\ . Nosworthy referred to the revenue and expenditure returns for the past vor.i .

■‘The linaiti e of the country as dis,dosed in the accounts just gazetted for the year ended March 31st. lasi, said Mr Mrs-worthy, ‘‘sluiws an excellent position. Die revenue fur the veai being £38.ft|3.000. an increase ol £GB2. 02!) over that of the preceding year

Of this increase Customs accounted for £331.171. There was less collected by wav of land and income-tax by (jlSG.till'd, hut this is due to the remissions and concessions granted h\ the Covernment. The expenditure was C27.3W.200. an increase of £1,231.103 over the previous year. It was expected that in order to provide for the regrading in salaries and wages of public ciuployocs. teachers anil railway servants' salaries, that the increase in this eonnexion would he shown, and a lai’ge pert inn of that increase is due i > Dial cause as aell as to the uiliuslineni oi railway hours per week. Ihe position is ihetvforc. Dial the o, orations ol ih* 1 vear show a Mtrple.s ol £1 .2-13.800.

Tin unlit arc for the year out of Dec Politic Works I'hmd. including railway lani-t met ions ami additions and telegraph extension. amounted to £1.131,110. In addition, the sum of £220,000 "as i ransferred to the Me. in Highways Account. There was also expended oil! of Die railuny improvement i: ii 1 horisa t inn £2->J.Bi I. hydto-elei-i rii £1 .(.i'll .011 and education (loans for school buildings) £102.212. Those figures indicate the ] regressive policy followed l IV the Dovornmcnt in ih-v,loping Die country's resources and nieoiiim ii- re!|i!ircmcnts in the directions indicated.

■■During Die lasi i Wo years large uddlli iii, have Ir'cn made to cauit d ol Ik" sii;*t,- Ailv.arr., Oliho. an amount of CG. 123.030 having hcen raised for 11- |n:r|a :'s (exclusive of charges and eXI i■ :i) a.-, follows :- - Advances to set(|er- £3.923.000. and advance.- to v.-orl-i r- fJ.Mtitt.lK'ft.

‘■During the three year- < miod Alai ei, 3 1 -i Is-t. ti- ca| Dr.l I r.-vi.!; d

1 1 >- :h" f! iverumem Iu - the purchase and ~;e Don of dwellings amounied to to approximately £B.ui ii.GCO. representing 10.1)80 applicants, for whom homes were providial h v the Slate Ad\ ii es Office. Discharged Soldier.-' Settlement Account. Advances ri f-ocal Authorities and oilier Deruirtmeiito.''