MORE MONEY SPENT

Sun (Auckland), Volume I, Issue 273, 8 February 1928, Page 8

MORE MONEY SPENT

FINANCES OF COUNTRY DEFICIT OF £2,095,342 Frew Association. WELLINGTON. Tuesday The Public Accounts for the months ended December Si appear m a special Gazette this week. Hithe-. the law required publication qaarterb I of an abstract of the revenue aad tfc, [expenditure of the preceding quarter In accordance with an Amending Act of last session, the figures now lished show the revenue and the penditure for the current, financial up to December 31, thus presenfiar a more complete statement of thg position. The revenue and the expenditure compare as follows: Nine Months 1927-26 :S;S-;t Ine-M„ Revenue £ 16,135.573 Expenditure— Permanent 11.205.5-S 10.523.514 sgii . Annual 7.025.-St* 5.595.230 *7^ 15.234.217 17.521,744~rit^; Excess .. £2.095,842 £1.193.524 7wi The principal increases in reTem, are: - Stamp and death duties £170,121; interest on railways canny liability, £122,034. and the pricer?, decreases: —Customs. £134.761; J>c t tal and Telegraph, £72.066; land tai £75,638. The increase in stamp and deai duties occurred in death duties gift duty and is an ordinary fluctaa*. tion. The increase in interest on rri. ways capital liability is due to u increase in the capital liability and to the fact that interest payments hat, been made earlier this year. The principal items of increase undepermanent appropriations are: terest, £124,727; repayment of to. public debt, £295.000; under spec;*; Acts, £153,568. Under annual apprtprlations the main increases are Cook Islands, £15,407; Defence i>. partment, £18,645: Department of m. riculture, £29.299; Department «d Education, £45,223; Department g Scientific and Industrial Research £20,187. The principal decreases nre—Public buildings, £15.596; naval fence, £74,239. The increase in interest is prireipally due to the interest payable « moneys raised during the finaaeal year. The increase under the repei. raent of public debt is due to eaffisr payments, while under special Acts tbc principal increase is for subsidies to hospital and charitable bonds £49.000. The balance is partly fee to earlier payments.