THE ESTIMATES FOR 1880-61
The Estimates for the current financial year 1880-81 are as follow
Total ... £3,473,709 From the estimated expenditure has to be deducted £225,000, the estimated amount which will not be actually spent within the year, and £50,000 departmental reductions, the total net expenditure being, therefore, £3,198,709, leaving a deficit of £8709 to the revenue. However, there has to be added the proceeds of the proposed new taxation, viz., beer duty, £BO,OOO 3 increase in succession duties, £IO,OOO ; total, £90,000 ; less £40,000, the estimated loss by exemption of personal effects from the property tax, giving a net addition of £50,000. If from this the deficit of £8709 6s 7d be deducted, it leaves £41,290 13s 5d as the estimated surplus for the year.
REVENUE. £ Customs ... 1,250,000 Stamps ... 140,000 Property tax ... 300,000 Railways ... 950,000 Postal ... 145.000 Telegraph ... ... 80,000 Judicial ... 60,000 Land transfer and deeds registry ... 32,000 Registration and other fees 32,000 Marine 16,000 Miscellaneous ... 50,000 Pastoral licenses ... 135,000 Total ... .€3,100,000 EXPENDITURE. £ Civil list ... ... 29,750 Interest and sinking fund ... 1,453,101 Perm's nen t a ppro pria t ions, under special Acts of the Legislature ... 50.587 Legislature... ... 39,851 Colonial Secretary’s department ... 170,220 Treasury ... 50,470 J ustice ... 137,139 Post and Telegraph... ... 278.046 Customs ... 90.848 Stamps ... 23,785 Education ... ... 297,730 Native ... 14,262 Mines 23.200 Public works ... 634,079 Defencb ... 180,981
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/KUMAT18800615.2.11
Bibliographic details
Kumara Times, Issue 1158, 15 June 1880, Page 3
Word Count
215THE ESTIMATES FOR 1880-61 Kumara Times, Issue 1158, 15 June 1880, Page 3
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