IN BRIEF.

Manawatu Herald, Volume XLIII, Issue 2351, 5 November 1921, Page 3

IN BRIEF.

BUDQET POINTS.

RESULTS AND PROPOSALS

The principal items in the Budget are thus summarised r RESULTS.

Total revenue, £34,260,962; total expenditure, £28,128,730; surplus, £0,132,232. Cash balance carried forward, £4,920,294.

Transferred from accumulated surplus: Reserve Fund, London, £1,200,000; ' Discharged Soldiers Settlement Account, £13,330,000; Public Works Fund, £500,000; Discharged Soldiers Settlement (Depreciation Fund), £50,000. Public Works expenditure, £3,141,197. Redemption and renewals effected, £10,094,917. Customs revenue and Excise, £B,769,251. Land and Income tax receipts, £0,937,923. Total expenditure on menial hospitals, £377,643. Post; and Telegraph revenue, £2,640,158. Savings-bank deposits, £35,031,244. Excess of deposits over withdrawals, £2,227,356. Interest-bearing limit of savingsbank deposits increased to £5,000. Total war-loan certificates sold, £4,613,203. Stamp revenue, £3,145,902. Purchased during the year for settlement of discharged soldiers 79,950 acres, costing £1,277,971. Advances authorised to 17,853 discharged soldiers, £17,941,980. Total area proclaimed under Discharged Soldiers Settlement Act, 1915, to 31st March, 1921, 1,321,091 acres.

Total area of State forests, 5,134,651 acres. Total value of exports, £48,219,672.

Increase of approximately 71,900 acres sown in wheat.

Coal reserves established for

naval use. Naval Board constituted. Reorganisation of New Zealand Military Forces.

Repatriation expenditure to 31st March, 1921, £1,859,310. Coal production during the year decreased by 4,143 tons. Coal production in 1920 compared with 1914 decreased by 560,00(1 tons.

Coal imported during 1920, 047,077 tons.

War pensions paid during 19201921, £1,886,952.

Pensions Medical Appeal Board established.

Total contributors to National Provident Fund at 31st December. 1920, 19,724. £31,972 expended for maternity allowances.

Expenditure by Education Depart men I npprnximn fely £3,300,000. £500,000 expended on school

building*. Tnh.il .payments made for supplies purchased on behalf ol: Imperial Government, £158,576,644. Wool profits distributed, £l,- , 510,069. War loans raised to 31st March. 1021, £81,538,570. Gross Public. Debt at 31st March, 1021, £206,324,310. Sinking funds at 31st March, 1021, £8,763,072. , Net indebtedness per htpad. £162 3s. Net annual interest and sinking fund charges, £10,108,414. Increased revenue from distribution of Bank of New Zealand profits, £18,750. PROPOSALS. Estimated Customs revenue, £4,000,000. Estimated land and income tax receipts, £7,700,000. Tariff revision. Co-ordination of Public Health Departmental and local authorities in sanitary inspection and the prevention of infectious diseases. Improvement of nursing services. Transfer of military consumptive sanatoria, to Public Health Department. Legislation in connection with hospital subsidies. Automatic printing telegraphs to be installed. Telephone and telegraph methods to be improved. Expedition of operations of swamp land drainage. Extension of farm schools for teachers and farmers. Nauru and Ocean Island phosphate business to be developed. Formation of New Zealand Royal Naval Reserve. £335,782 to be provided for navfil defence. Re-arming and re-equipment of Territorial Force. Consolidation of and amendments to the Shops and Offices Acts. Consolidation of and amendment of the Industrial Conciliation and Arbitration Act. \ Consolidation of and amendment of Factories Act and the Workers’ Compensation Act. Assistance to fishing industry. Concentration for more economic and rapid completion of railways. Legislation in regard to main roads. Assistance in roadmaking in partially developed regions. Further development of hydroelectric works. Financial proposal in connection with productive public works to be submitted. / Construction of (waterworks to supply arid lands. Exchange of teachers with other Legislation extending provisions for child welfare. Extension of school medical and Rental services, ..*■—-

Adjustment of the Teachers’ Superannuation Fund. Further decentralisation of the work of the Public Trust Office. Additions to hospital at Rarotonga. Extension of functions of the Native Trustee. Departmental balance-sheets in commercial form to be laid before Parliament. j Economies in the Public Service. Expenditure to be reduced. State services to be made selfsupporting. Total estimated revenue, £28,000,000; estimated expenditure. £29,266,367. Estimated cash surplus, £3,653,927. Readjustment of taxation. Land tax: Rebate of 10 per cent, for payment before or. within twenty- eight days after due date.