The Financial Statement.
On Tuesday evening the Colonial Treasurer made his usual statement and declared a surplus or credit balance of £495,861. The expenditure for the present year is estimated at £5,059,729, which is £201,218 in excess of the actual ordinary expenditure of the past year, and £209,899 in excess of the Estimates for that year. It was found that the receipts from all sources would be £5,300,000 Of £59,272 more than was recefved last year. The principal increases are derived from the Customs, £15,000; stamps, £20,000; railways, £10,000; and miscellaneous, £62,000. It will be necessary to ask Parliament to authorise the issue of a further loan of one million for ,the following purposes : — Improving the railways, £225,000 ; railway construction, £300,---000; roads to back- block settlements, £150,000 ; roads to Crown and Native lands and Main roads, £150,000 ; permanent works on gold fields, £50,000 ; public and technical school buildings, £50,000; purchase of. Native lands, £50,000 ; contingent Harbour Defence, £25,000.
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Manawatu Herald, 3 August 1899, Page 2
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158The Financial Statement. Manawatu Herald, 3 August 1899, Page 2
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