Manawatu Herald SATURDAY, APRIL 20, 1918. THE FINANCIAL POSITION.
SIR JOSEPH WARD’S statement, of the linancial position of the Dominion had the merit of being much more intelligible to the average reader than any Budget that has been presented to the House during the last forty years. It showed an increase of £1,033,371 in the ordinary revenue for the year ended March 31st last, and an increase of £258,410 in the ordinary expenditure, with a surplus, approximately, of four and a-half millions. There is no need, however, to repeat the published figures. A feature of the accounts that will give point to much of the criticism that has been levelled against the Railway partment during the last twelve months is the fact that while the revenue of the department has decreased by £266,810 the expenditure has increased by £124,434. The policy of driving traffic from the lines appears to have produced just the result its critics have predicted.
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Manawatu Herald, Volume XL, Issue 1816, 20 April 1918, Page 2
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158Manawatu Herald SATURDAY, APRIL 20, 1918. THE FINANCIAL POSITION. Manawatu Herald, Volume XL, Issue 1816, 20 April 1918, Page 2
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