BRITAIN’S FINANCES
EXCHEQUER RETURNS ( FIGURES FOR HALF YEAR (British Official Wireless) RUGBY, Sept. 30. (Received Oct. 1, at 7 p.tn.) The Exchequer returns for the first half of the financial year show that the total of ordinary revenue amounted to £452,518,411,, ap increase of £114,054,021 over the corresponding period of the last financial year.. , The most striking increases in 'the yield of various sources of revenue are in respect of income tax, which at £95,111,000 is £42,101,000 higher than a year ago, and excise which is over £23,000,000 higher at £85,100,000. The total expenditure. Less selfbalancing items, was £610,135 r 776, compared with £552,826,216 at the corresponding date in 1939 after only one month of war. This great increase in expenditure, which was almost exclusively in the supply services, reflects the country’s effort in the prosecution of the war. The floating debt outstanding at September 30 totalled £2,136,680,000. Nine revenue items, have shown an Increase, compared l with a similar period last year. Surprisingly they include an increase of £982,000 in motor vehicle duties.
will meet the various Patriotic Committees and visit the schools. In th® evening there will be a reception by women of the district in the Masonic Hall, Balclutha. To-morrow the queen will visit the South Otago High School and the Balclutha Primary School in. the morning, and in the evening she will attend a concert and community sing in the Britannia Theatre. Balclutha. On Friday Miss Pratt will appear at the community sing at the Strand Theatre, Dunedin, the proceeds from which are being devoted equally between the Navy and Air Force Queen funds. In the evening she and her countesses will attend the Air Force. Queen Carnival ball in the Mam Town ; Hall, Dunedin, which has bceii organs ised by the officers, n.c.o.’s and men oftlie Royal New Zealand Air Force:, station, Taieri. The same evening a bazaar will be held at Macraes; , Func--. tions on Saturday are the big gala day at Oamaru. a function at Mosgiel. a carnival and auction at Tarras t and > a community sing at Wanaka; C- : v '
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Otago Daily Times, Issue 24418, 2 October 1940, Page 8
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348BRITAIN’S FINANCES Otago Daily Times, Issue 24418, 2 October 1940, Page 8
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