CUSTOMS REVENUE

Sun (Auckland), Volume II, Issue 550, 31 December 1928, Page 1

CUSTOMS REVENUE

FIGURES FOR 1928 OVER TWO MILLIONS COLLECTED The total customs revenue collected at Auckland for 1928 amounted to £2,143,754. For the month of December the customs revenue was £177,483, compared with £182,000 for the same month last year. The principal figures for 1928 are as follow:

Summing up the financial result of 1925, the financial edition of the “Spectator” says:—

“The year has been a profitable one for the financial community generally, including banks and Stock Exchange. It has been satisfactory to holders of public securities generally, but sympathy must be extended to holders of home railways securities, which experienced a heavy fall* In this connection it niay be noted that in bankers’ magazines 365 representative securities showed for the year an increase in aggregate value amounting to 3.S per cent., fixed interest stocks having advanced 1 per cent, and valuable dividend securities about 8 per cent.” Lancashire is looking forward hopefully to a steady expansion of trade as a result of the treaty between Britain and China. One of the main reasons of industrial distress in Lancashire since the war has been the slump in trade with the Far East, of which cotton goods form the chief export, and which diminished to one quarter the pre-war volume. Bir Kennth Stewart, who was a delegate to the Tariff Conference at Peking .which preceded the treaty, says: “The immediate effect of the treaty will be distinctly favourable. The new- rates of duties wall not be the least, likely to damage Lancashire trade, even though in some instances they are higher than at present.”

Customs Beer Motor spirit, tyr< .. .. £2,148,754 e tax £ 272,418 For the month figures were: — of December the Customs Motor spirit . . .. • Tyre tax Beer .. .. £177,4S3 .. .. £2,960 .. .. £12,715.