Te Aroha AND Ohinemuri News. TUESDAY, JUNE 11, 1907.

Te Aroha News, Volume XXVI, Issue 43103, 11 June 1907, Page 2

Te Aroha AND Ohinemuri News.

TUESDAY, JUNE 11, 1907.

7 his above all—to thine own self be true, ,4 nd it must follow as the night the day Jhou canst not then be false to any man Shakespeare.

Tiib New Zealand Gazette containing the Statement of Receipts and expenditure for the last financial year is to hand. The interest and sinking fund payments totalled £2,132,142 ; subsidies to local bodies £83,777 ; timber and flax royalties £18,386 ; Old-age Pensions £313,825 (an increase of £60,000) ; Education Department £785,988 (increase £88,000) ; the transfer of £775,000 from the Consolidated Fund to the Public Works Fund, was £275,000 better than the previous year, and creates a record in the history of the Colony. Anew departure also, and which tends to sound finance, was the payment of £39,950 to the Public Trustee for the purpose of producing a Sinking Fund for the War and Defence Loans. At the end of the year the cash in the Public Account was £1,215,517, and the advances in the hands of officers of the Government raised the total to £1,267,825. Treasury Bills outstanding amount to £550, 0G0, a reduction of £150,000 on the previous year. All this shov. s a careful guarding of the Colony s finances and gives the Colonial Treasurer plenty of room for satisfaction. The proceeds of the sale of coal from the State Coal Mines amounted to £161,214, an increase of £B,BOO on the sales of 1905-6, The Public Works Fund shows an expenditure on railways of £1,227,834 or £215,400 in excess of amount _ in previous Statement. Public buildings expenditure more than doubled, £229,917 was spent on this item. Roads absorbed £347,466 ; tourists and health resorts £42,270; telegraph extension £114,068 ; Hutt railway and road improvements cost £35,957; other railway improvements £81,956. The principal acquirements of estates for the year were Totara (New Zealand and Australian Land Company), £50,332; Pourere (Nairn Brothers), £18,669 ; Huinga (A. Bayly), £21,819 ; Heretaunga (A. Coles), £11,462. Advances to Workers’ Act, 1906, has been taken advantage of to the extent of £5,490, of which £3,170 had been paid over before the close of the year.