PAST YEAR’S RESULTS.

Manawatu Herald, Volume XLIV, Issue 2469, 19 August 1922, Page 4

PAST YEAR’S RESULTS.

SUMMARY OF ACHIEVEMENTS,

In presenting the Financial Statement in the House oi Representatives on Tuesday the Prime Minister summarised the Do minions’s transactions during the past year as follows: —Consolidated fund receipts, £28,127,007; expenditure, £28,466,838; transfers from surplus to Discharged Soldiers Settlement Account, Loans Redemption Account, eto., £780,011; excess Customs duty used for balancing, £279,831; income from Reserve Fund. London. £90,550; surplus carried forward, £7,531. 367; excess Customs duty held to supplement. revenue, £2,000.000; public works expenditure. £5,461,407; unemployment provided for; extensive development of hydro-electric works; loans, redemptions, and renewals, £7,741,055; Customs revenue and excise, £5,554,534; tariff arrangement with Australia; land-tax receipts, £1,637,816; income-tax receipts, £6,002,987; stamp revenue, £3,444,504; totalisntor-tax, £515,248; Bank-note tax, £227,080; amuse-ments-tax, £103,815; post and telegraph revenue, £2,748,481; railway revenue, £6,600,000 ; savings bank deposits, £29,125,907; total war loan certificates sold, £4,619,983; total post office investment certificates sold, £229,673; machine-printing telegraph installed; rural mail delivery extended; waste lands developed mid subdivided ; soldiers’ privileges extended to South African war veterans; kauri gum purchased, £38,600; advances authorised to 20,392 discharged soldiers, '£20,409,571; modern dredge equipment for swamp drainage; £3,000,000 increased value of drained swamp lands; total value for year of exports, £43,794,833, including agricultural products £39,236,528; reduction in price of Nauru and Ocean Island phosphate; financial assistance granted by the Repatriation Department to 58,622 men, amounting to £2,197,956; block of sulphurhearing land purchased in North Island; publications committee established; expenditure on education services, £3,526,000; Defence Department reorganised ; saving of £60,000 per annum in contract for supply of small arms ammunition; centralised control of motor transport; war pensions paid since 1915, £7,335,044; co-ordination of all pensions and annuities with Pensions Department. Total contributors National Provident Fund at 31st December, 1921, 21,713, funds £632,653; cost of living allowance to public service annuitants, £137,461; Native Department organised ; Native lands purchased by Crown, totalling 1.089,034 acres; Slato advances to settlers, workers, and local authorities during the year. £1 921,965; subsidies to Hospital Boards paid, 1921-22, £471,711; Native Trust Office inaugurated; WestporJ. Harbour Board vested in the Crown; Greymouth Harbour Board placed on satisfactory footing; mediation in respect of dairy fanners’ mortgages; £5,000,000 5 per cent loan floated at par; transfer of New Zealand consolidated stock (London issue) from London to New Zealand registers provided for; reduction of frce-of-income-tax securities; interest, £17,161. earned through investment of surplus cash balances of Public Account ; total dividend from Bank of New Zealand for year 1921-22, £112,500. or 12 6-7 per cent on amount (£875,000) invested; co-ordination of buying and control of stores; savings and economics effected in departments and under special acts, £2.352,863.