The Dominion’s Finance.

Te Aroha News, Volume XXVII, Issue 4498, 2 December 1909, Page 3

The Dominion’s Finance.

On perusing the advance sheets of the Official Year-Book, just to baud, we notice under the heading of Finance, the following The revenue proper for the year ended 31st March, 1909, amountedto £9,001,185 a decrease ([of £54,761 on that for the previous financial year. There was also a sum of £BOO recovered in respect of expenditure of previous years. The principal increases on the 3 ear 1907-8 were in railwaj's, £153,112 : land and income tax, £83,194 ; and stamps, £40,394. Custom duties show a falling off of £302,317, whilst registration and othor fees decreased by £12,105. The expenditure fur the year under permanent charges and votes reached £8,785 513, or £571,548 in excess of that for 1907-8. Amongst the permanent charges interest and siuking fund show an increase of £70,938, aiising from the payment of interest on new loans issuedj; old Jage pensions also increased by £14,828. Of the increase in the Departmental expenditure, £167,559 was for railways, £99,147 for post and telegraphs, 1 £31,507 for education, and £19,306 for defence.

The receipts for the year from all sources being £9,001,985, and the expenditure £8,785,513, a surplus is left on the year’s transactions of £216,472. to which must be added £767,849, the amount of the previous year’s balance, making a total of £984,321, out of which the sum of £BOO,OOO was transferred to the Public Works Fund, leaving a balance on 31st March last, of £184,321.