THE DOMINION'S TRADE.

Stratford Evening Post, Volume XXXV, Issue 39, 14 February 1913, Page 3

THE DOMINION'S TRADE.

REVENUE AND EXPENDITURE. (Per Press Association.) Wellington, February 12. The Hon. W. Fraser, Acting-Minis-ter of Finance, stated that the revenue for the ten months ended January 31 amounted to £9,021,936, compared with £8,639,634 for the corresponding period of the previous financial year, an increase of £382,302. Ihe expenditure for the ten months of the current year, to January 31, was £B,639,509, compared with £8,310,995 for the corresponding period of the previous year, an increase of £326,514. The net gain in revenue was thus £55,788. The expenditure for the past ten months was necessarily higher, because more interest had to be paid on loans, and the expenditure on defence had been greater. There were some other items involving increased expenditure, while in others decreases had been effected. The increase in expenditure in the aggregate amounted to £442,019, and the decreases to £lls- - Generally speaking, said the Minister, the revenue is exceedingly satisfactory, and the buoyant condition of the land and income receipts, assuming payments are all made by the date fixed, will be at least £75,000 above the estimate. Suggestions have been made ip some quarters that money has not; been advanced by the lending departments, but in ton months £1,629,125 has been lent out from the advances to settlers, advances to workers and local authorities branches.