IMPROVING REVENUE..
It is with sincere pleasure that we are able to announce so marked an improvement in the colonial revenue this quarter as to afford most encouraging hopes for the future of our finances. Customs already have actually realised £23,000 above the estimate for so much of the financial year. Moreover, searching enquiries show that the improvement bears every sign of permanencein its nature, and not merely a temporary spurt. ” There is good reason to expect si ill further improvement on the right side as the season progresses, and those best qualified to judge anticipate a very satisfactory surplus in Customs at the end of the current year. Then again, Stamps, which were behind last quarter, have rapidly pulled up arrears, and now are ahead of the estimate for the proportionate period. All other revenues—with one exception—have picked up surprisingly, and in every case have reached the estimate, and in most cases have gone beyond it. At the beginning of this quarter there appeared grave probability of the railway returns being some £200,000 behind ; but now there has been such brisk recovery that it is calculated the total proceeds for the year will not be under the mark bj”- more than £35,000, if so much, while this will be more than compensated by the extensive savings and reductions now being carried out. — Post.
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Patea Mail, 5 October 1880, Page 3
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224IMPROVING REVENUE.. Patea Mail, 5 October 1880, Page 3
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