PUBLIC ACCOUNTS

Hokitika Guardian, 2 June 1927, Page 4

PUBLIC ACCOUNTS

STATEMENT HY MINISTER. ay ThXECHAPIl —tout Pit ESS ASSOCIATION WELLINGTON, A!ay 31. The public accounts lor the yea ■luLcL 31st March.. 15)’J7. appear in ■special Gazette this week, 'i he Mi: ister of Finance has i-i.ated the follow ing summary of the transactions in li. erdinarv revenue account, during; U

Receipts during yearßevenue L": 1,313.982; departmental and ether receipts £629.125—t0tal £2i,943,11:7. Expenditure duri ig year (less credit' in aid) :--Permanent appropriations £1.1,26f.94e, annual appropriation ■ £10,091.029 —total t-24.300.9 C-1. h-.-r, ing a surplus of £.187.1-12. Hn la nee brought forward (Ist April. l')20) t-1,428.092. add surplus (1926-2 1)

£187.142 add renaniti.ni moneys received from (h'nnany £39.307, add roc very from Cheviot Estate Account, in terms of Finance A<t. 1926 (Section 37; £10.400 total f 1.104.941. Deduct amort izafion of debt £588.868. charges and expenses of redemptions (War expenses loans'!. 13 Irnnsier to Hank ■)! .Yew Zealand shares account-, in terms cl the Finance Act, 1926 (Section 8). representing £710,01)0 preference H Shrres (at cost) £710.000; transfer to Hank of Now Zealand shares account, in terms of Appropriation Act. -1926. (Section 17), first instalment tor purchase of C long term mortgage shares £18.191; temporary transfers to other accounts, in terms of the Public Revenues Act, 1926 (Section 40) £26.000—total £ 1,423,475. Balance at 31st. March, 1927 —Gash and imprests outstanding £1,987.876 investments £1.093,590 —total £3,681,-

Revenue —The revenue shows an increase of £217.315 over last year. The principal increases and decreases are as under:— Increases—Postal and Telegraph £148.823. .Income Tax £13.700. interest on r nilvnv capital liability £130.122, departmental receipts £57.491. Decreases —Customs £13.1.302. Land Tax £37.592, interest on Public Debt Redemption Fund £33,811. Expenditure—lncrease of £781.882 in expenditure over the previous vent, will be found mainly under the “Permanent Appropriations.” where the principal nercases are—lnterest £317,991. Special Acts £272,280.

The principal increases under special Acts are—Subsidies paid to Hospital Hoards £31.721. cost of maintenance of war graves and memorials overseas £36,655, refunds to Racing Clubs of proportion ol totalisat-or duty £31,17-1 subsidy to Railway Department, on account of losses on branch lines and isolated sections £84.238, fruit export guarantee £82,(319, pensions (other than War pensions) £93,407.

The principal decreases under special v \cts are—War pensions £50.811, advance to British and South Reas Exhibition during 1925-26. which did not recur £.3000.

Coder the annual appropriations the increase i- only £lO, .865. Ihe principal items of the increase or decrease are— Public buildings £15.00!), Department ol Internal Adairs £28,118, Naval Defence £85.820. Defence Department £33,981. Customs Department £14.121. Department of Agriculture £29.877. Education Department £99.878.

Decreases Post and Telegraph working expenses £63.3.»3. Dtpartment of Industries and Commerce £56.592. Electoral Department £91.410.