FINANCIAL STATEMENT.
A SURPLUS OF £1,150,000. XO TAXATION CHANGES. A surplus of £1,150,000 was revealed in the Financial Statement presented to the House of Representatives by the Minister of Finance (Hon. W. Downie Stewart) on Thursday. The increase in revenue (after certain deductions), compared with the previous financial year was £959,800. In forecasting his proposals for the current year, the Minister estimated the total revenue receipts to amount o .£24,200,200 and the expenditure to reach £23,980,010. It was stated elsewhere in the Budget that it would be inadvisable to expect any increase in gross revenue, the preparation of the Statement having been based on the expectation of a possible reduction. There are to be no taxation changes; the unescapable burden of war debt services, are held to retard movement towards lessened taxation. In his concluding remarks the Minister said there were some (difficulties ahead, but he predicted that the effect of the trade balance would only he temporary and that matters would adjust themselves in due course.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MH19260710.2.9
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Herald, Volume XLVIII, Issue 3509, 10 July 1926, Page 2
Word count
Tapeke kupu
167FINANCIAL STATEMENT. Manawatu Herald, Volume XLVIII, Issue 3509, 10 July 1926, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Manawatu Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in