N.Z. Exhibition.

Te Aroha News, Volume XXVI, Issue 43080, 11 April 1907, Page 2

N.Z. Exhibition.

CUSTOMS REVENUE BALANCES LOSS.

In answer to a question regarding the financial results of the Exhibition, the Acting-Premier (the Hon. W- HalfJones) has stated that he thinks hjs original estimate will cover the cost of the Exhibition to the colony. That would mean a nominal loss of about £47,000. The increase in Customs revenue from Christchurch alone would more than balance this loss. For the seven months ended February, there had been an increase of about £60,000 in Christchurch Customs receipts as against the corresponding period of the previous year. The increase was due largely to. imports iu connection with the Exhibition, aud there were increases- on a smaller scale at other ports of the colony. The Customs revenue would probably benefit to the extent of quite twice the loss on the Exhibition. In addition the railway revenue for the year would show a greater increase than the revenue for any previous year in tho history of the colony. This again was largely due to the Exhibition. Extra postal and telegraph revenue would amount to a very considerable sum, so that the colony had every reason to be satisfied with the result of the Exhibition from a financial standpoint..