SAMOAN BUDGET

Hokitika Guardian, 14 September 1932, Page 2

SAMOAN BUDGET

■ REVENUE.. BELayK ESTIMATE. ■ / A CUT IX EXPENDITURE. •/ j (Per Press Association— Copyright.) . / '/wMjLINGTON, September 13. The Samoan correspondent of the [pres* Association' writes - from Apia, September s: .. Estimates of expendifj bure for the year have been published," ■■‘and’ the-.pros-pects of an actual surplus are very good.: has been made , possibie- byand prudent bland-; ling of financdal matters.. Staff reduc- ' tions have been made, and some de- ' partments m'argecl with others .when this f could' be dione, without curtailing jtKe) jsiefyice and efficiency. . Figures for 1931-32 show that out Of-.an estimated revenue of £148,602, £13tT.'9;7.7 ;: was., received, leaving a deficit 'of : £12,625; The amount of £135,977 a . tehiporary ad-

vanoe of £6OOO from the New Zealand Treasury. On the expenditure side, out of the estimated amount £138,853, only £128,936 Tas actually spent. 4 The actual excess of receipts over expenditure is £7041, which after allowing far £6OOO an loan from the New Zealand. Treasury leaves a net .surplus of £1,041 to be carried' forward. The estimated revenue for .1932-33 ais £105,003. Expenditure is estimated at £104,317 leaving an estimated Surplus of £686. Judging from the present trade, and if no unexpected': losses oocur, there is every prospect of the surplus being larger.