UNKNOWN

Taranaki Daily News, Volume XXXXV, Issue 107, 4 May 1903, Page 2

UNKNOWN

♦ UREAT POPULAR DKUON3TRATION. ENTHUSIASTIC OCJN3RATULATIONB. SURPLUS OF £303905 ANNOCHOED. FEB PHESB ASSOCIATION. Welungtok, May S. The d< monstratiou held in the Optra HoU'-e last night in connection with Mr Seddon's ten years' Premiership vat witnessed by enormous crowds of people, th) building being picked in every part. The proceedings were moss enih'isustic throughout, cheering and applause being fn quent. The chair was occupied by Mr W. H. Qiick, the senior member of the bar in Now Zealand. On the mo'ion of Mr T. K. Macdooald, seconded by Dr Findlay, a resolution and an tddre* to the Premier congi-atu'ating him on hit ach : everaen'F, were cirried, The Premier, io. rising to reply, received a great ovation. Hu reviewed the results of his ten years labours and th* effce-s of the legislation pined in re> cer.t years, and then went on to announce the revenue results for the year justclo?ed. Thneitimate for the year had be n £6,380,609, and excess of rev.cua over the estimate of £360,609, the result of the year's operations was ■o leavj a surp'u* of £303,905. - This surplus wos made up as follows: There was a bilancelast year of £270,489, of this amount £200,000 was ian-fen ed to the publi: works fund, ia.l this 1-ft a balioo of £70,489. Rio total receipts for the year were £6,447,435, end expenditure £6,214,019, th» b«ltnce in favour of receipt* bsi <g therefore £233,416 This »d led o £7O 489 It ft after deduction 'of £200,000 for public works save on March 31st the surplus of £303,905 he ' ha I referred to. In 1893 94 the Government started with a net surplus of £256,459, the surpluses in ten years hi<i amounted in the net to £3,195.143 atd in the gros to £3,769,419. Those who asserted that fi lance was the weakness of the Liberal P»r*y he would refer to these ten years surpluses, adding that so far cs he could bee there weuld be ano'hersurplusattheendof the cur. en-.'yeir. Whit had been kept from the pe pie by critics of the Govrnmiot finance was the fict that luring these 10 ye us the Government had transferred to the publio works fund, for development purpose*, the sum of £3,175,000. Then as to (he credit of the country in 1893, our 4 per «aits stoo.l at 108 j ; last molfth the *ime spcuiities, no;witbs f at)ding the •I prrssi n of the money maiket were at 107 In 1893 our 3| per cents were at 97|, last month they «e eat 103. Mr Seddon then quoted -he following figures showing increases under the holdings mentioned in the en years from 1892 to 1901 Population (bt sides Maorii-) 157,496; land in cultivation 3,643,955 acres; land occupied, 22,266 holdings; i ail ways op>ned, 405 mils, and the receipts had increased by £792,516; "xport* of New i Z»laud produce by £4,132,731; impr'B l>y £4.383.667'; bank riepwi's by £4 864,116 ; savings ba kat credit j1'429,633; notes in circulation, £153,300; shipping iowards, 413,856 tans; coal output, 689,387 tons; gold • ■u-put, 270,459cz5, value £999,463. la referring to land s ttlemett, Mr 3 ddon s <id the t übdivUion of large tita'es will have to proceed with greater rap d'ty in thi fu'ure th»n in the put.