DOMINION ITEMS.

Hokitika Guardian, 26 April 1927, Page 1

DOMINION ITEMS.

[By TKLEORAm—PEIt CHESS ASSOCIATION ] NEW ZEALAND SURPLUS. WELLINGTON. April 25. The Minister of Finance stated today that although under the provisions of the Public Revenues Act the accounts for the financial year ended 3’st ultimo would not be available far publication until about the middle of next month, lie was nevertheless aide t . announce that the position in respect to the ordinary revenue account was proisionally as follows: Revenue fa: year £24,940,000, expenditure 02!.353,000 surplus £587,005, of which some £315.000 has been applied to debt reduction. and the balance carried forward. “This amount applied towards debt reduction,” said the Minister, “is of course in addition to the statutory provisions of the Public Debt Repayment Act, 1925. It will lie remcmb cd that, in the Budget. I anticipated that the revenue and expenditure would just about balance. So that it is gratifying that the results should I j , better than was anticipated having regard to existing economic conditions. T hope to give a further review of the financial position at a later date.” STTLL MISSING. WELLINGTON. April 25. There is still no news of the hoys Scanlon and Dicdrirh. who have been missing on the Tara run Ranges since last, Thursday week. .Search parties are st-il! out. The conditions on the ranges are very had. Heavv rain lias fallen during the past few days. and. Hie rivers being very swollen, it is thought: in some quarters that the hoys have been drowned. MASTERTOX, April 25. The search for Roy Diedrieh and Desmond Scanlon, who went astray on flic Tararuas. is still without results. Further search parties left to-day. SINGAPORE BASE. WELLINGTON, April 25. Mr IT. E. Holland M.P.. Leader of lie Opposition, said to-dav that: the

Labour Party would offer tbc strongest opposition to the Government’s proposals to provide from New Zealand one million pounds towards the cost of the Singapore Naval Base Ho pointed out that the yearly payments, since the contribution would be spread over seven or eight years, would, with interest, moan the equivalent of about£2oo,ooo with subsequent. interest charges at- sav 5' per cent., amonniing to £55,000