THE COLONY'S FINANCE.

Taranaki Daily News, Volume XLVI, Issue 100, 2 May 1904, Page 2

THE COLONY'S FINANCE.

RESULTS FOR TIIE YEAR 1903-4. HIGHLY SATISFACTORY POSITION, STJBPLT'S OF £774,740, POSITION OF THE PUBLIC WOHKS FUND.

The Colonial Treasurer, Right Hon. R. .). Seildon, furnishes us with the appended figures setting forth the financial position of the colony, giving the receipts and expenditure for 1903 and the position of the Public Works Fund, as submitted for audit. In a memorandum the Colonial Treasurer states "The baiunce from last year was £803,905. The excess of receipts over expenditure was £695,835, making a total of £999,740. During the year and up to March 31 1 had transferred to tho Public Works Fund £225,000, leaving a surplus for the year of £774,740. On March 31 last 1 transferred a further sum of £125,000 to tho Public Works Fund, thus leaving a credit balance in the Consolidated Fund and available for 1904-5 of £649,740. With me you will congratulate lire colony on the satisfactory results achieved. —R. J. SEDDON, Colonial Treasurer."

RESULTS FOR THE YEAR 1903-4. £ £ Balance from last year 808,905 Receipts for yearRevenue 7,021,380 Sinking fund accretions ... 60,600 Other receipts ... 48,180

Total £7,180,116 Expenditure for the yearPermanent appro-

priations ... 2,613,917 Annual appropriations 8,820,364

Total £6,434,281 Excess of receipts over expenditure 095,835

Total £999,740 Transferred to Public Works Fund 225,000

Surplus £774,740 Transferred to Public Works Fund March 31, 1904 ... 125,000

Credit bal. Consolidated Fund available for 1904-05 ~.£649,740

REVENUE 1008-04 COMPARED WITH PREVIOUS YEAR. Actual revenue, 1903-04 £7,021,386 Actual revenue, 1902-03 £6,386,610 Increase £634,776 Statement showing the revenue for the twelve mouths ended Murch 31, 1904, and for the corresponding period of last year.

13 months 12 mouths ended ended March 31, March 31, 1904. 1903. Consolidated Fund (ordinary revenue)— £ £ Customs ... 2,001,320 2,335,043 Stamps ... 953,237 856,835 I'ost ami Telcgiapli ... 120,047 122,105 Land tax ... 334,991 290,062 Income tax ... 221,309 200,694 Property tax 3 tiecr duty ... 90,721 90 400 Kaihvuys ... 2,167,992 1,982,551 Registration and

other fees ... 02,047 83 881 ■Murine 35,830 32,908 •Miscellaneous ... 143,375 133,203 Territorial—

Cash laud sales 50,507 07,440 Deferred payment sales ... 5,505 0,702 Pastoral rents 191,771 208,130 Total ...£7,021,386 £0,380,610 The Increases are as follows Customs, £205,0ii2 ; stamps, £90,402 ; post and telegraphs, £3942; land tax, £38,929 ; income tax, £20,085; beer duty, £(i.'j2l ; railways, £185,441 ; registration, etc., £8706 ; marine, £2868 ; miscellaneous ; £lO,172 ; cash land sales, £13,121. There were decreases in two items, viz., deferred payment sales, £1197 ; pastoral rents, £10,359.

IIEVENUE 1903-04 COMPARED \VITI[ ESTIMATE. Actual revenue, 1903-04 £7,021,380 Estimated rev., 1903-04 £6,408,000 Excess of revenue ... £553,386 Comparative statement of the estimated and actual receipts ami expenditure of the Consolidated Fund (reserve account) for the financial year ended March SI, 11)0-1

RECEIPTS. Revenue Ac, Estimated. Actual. £ £ Customs ... 2,400,000 2,001,325 Railways ... 2,000,000 2,167,992 Stamps ... 083,000 1,079,284 Land and income tax 510,000 55G.363

Beer duty ... 89,000 96,721 Registration and other fees ... 84,000 92,6<t7 Marine 32,000 35,836 Miscellaneous 130,000 143,375 Territorial rev. 240,000 247,843 Total* '£6,468,000 £7,021,386 The rovenue exceeds the estimates under every heading as follows 'Customs, £201,325 ; railways, £167992 ; stamps, £96,184 ; land and income tax, £46,303 ; beer duty, £7721 ; registration and other fees, £8647 ; marine, £3830 ; miscellaneous, £13,376 ; territorial rovenuo, £7843,

EXPENDITURE. Comparative statement of the estimated and actual expenditure for the year ended March 31, 1904 : REVENUE ACCOUNT. PERMANENT APPROPRIATIONS.

Expenditure. Estimated. Actual. C £, Civil list ... 38,100 85,258 Interest ami sinking fund ...1,040,651 1,957,96!! l.'nder spec. Acts 241,2'18 252,5G8 Subsidies paid to local bodies ... 72,000 70,548 Territorial rev. 33,000 33,354 Endowments ... 64,000 63,382 Old-age pensions 215,000 200,844 £2,598,999 £2,613,917 ANNUAL APPROPRIATIONS. £ £ Legislative ... 25,438 25,548 Colonial S«c. 84,400 80,068 Public health ... 26,655 32,642 Industries, commerce and tourists 80.073 57,616 Col. Treasurer 40,405 43,407 Old-age peris. 8,901 3!055 Min. of Justice 142,074 135,984, Po.Htuiastor-C!un 527,105 524,500 Trade and cus-

101119 Marina Printing and sta-

40,440 37,468 56,635 51,128

tionery ... 42,491 41.301 Com. of Stamps 28,543 28 393 Education ... 560,958 546',963 Lunacy and Oliari-

Dept. of Labour 10,010 9,603 Min >' s 22,901 19^745 Agriculture ... 105,798 112,421 "Working rail-

wa - vs 1.551,684 1,451,954 Public buildings' 54,639 52 341 Defence Dept. ... 177,635 17o',T> ( j Police Kept. ... 127,871 126]917 Lands uml sur- ,, V , Cyß . - 175,336 160,804, Valuation Dept. 28,404 27 971 Services not provi<M - 8,840 £3,992,075 £3,820,364 Totals £0,591;074 £6,434,281 •Includes additional authored for railways, vl». ( £167,992,

Tho following tiro tho differences between the estimates and the actual results More—Permanent appropriations : Civil list, £2158 ; interest and sinking' fund, £17,813; under special Acts, ti1,320 ; territorial revenue, £354 ; total, £31,.144. Annual appropriations s—Legislative £llO ; public health, £5987 ; Colonial Treasurer, £3002 ; agriculture, £6623 ; services not provided for, £111145 ; Total, £19,067 ; grand total £50,211, Less— Permanent appropriations: Subsidies paid to local bodies, £1452 ; endowments, £OIB ; old age pensions, £14,156 ; ■lotal, £10.220. Annual appropriations: Colonial Secretary, £4ii;j2 ; industries ami commerce and tourists, £23,057 ; old age pensions, £240 ; Minister of Justice, £OO9O ; Postmaster-General, £2605 ; trade and Customs, £2978 ; marine £5507; printing and stationery, £ll9O ; Commissioner of Stamps, £l4B ;■ education, £18,995 ; lunacy and charitable, £I7OO ; Department of Labour, £407 ; mines, £BISO ; working railways, £99,780; public buildings, £2289 ; Defence Department, £7809 ; Police. Department £954 ; lands and surveys, £14,532 ; Valuation Department, £493 ; total, £190,778 ; grand total, £207,004 making tho total amount less than estimated, £156,798. EXPENDITURE.

Comparative statement of the actual expenditure of the Consolidated Fund (revenue account) for the financial year ended March 31, 1904, compared with 1902-3. PERMANENT APPROPRIATIONS, Actual Expenditure 1908-04 1902-3 £ £ Civil list ... 35,258 82,209 Interest and sinking fund 1,957,963 1,900,979 Under special Acts 252,568 272,949 Subsidies paid local bodies 70,548 71,049 Territorial revenue ... 88,354 38,161. Endowments 68,382 59,857 Old Age pensions ... 200,844 209,156 £2,613,917£3,.V79,420 ANNUAL APPROPRIATIONS. £ £ Legislative ... 25,548 19,735 Colonial Sec. 80,068 120,877 Public health 32,642 22,755 Industries ami commerce & tourists ... 57,016 18,680 Colon. Treas. 48,407 85,405 Old age pensions ... 8,655 8,806 Minis, Justice 135,984 136,922 Postmaster General ... 624,500 485,860 Trade and Customs ... 87,468 80,010 Marine ... 51,128 01,019 Printing and stationery 41,301 85,847 Com. Stamps 28,895 27,585 Education ... 546,963 526,820 Lunacy and charitable 76,262 74,799 Dep. Labour... 9608 8,531 Mines 19,745 18,999 Agriculture ... 112,421 99,428 Working railways ... 1,451,954 1,354,151 Public buildings 52,341 51,848 Defence Dep.— 170,320 217,105 Polico Dep. ... 126,917 123,699 Dep. of Lands and Survey 160,804 120,443 Valuation Dep 27,971 26,348 Rates Crown Land Services not

provided for 3,345 9,027 £3,820,304£3,034,599 Totals £0,434,281£6,214,019 The differences in the amounts for tho year just closed and those for 1902-3 are us follows More—Permanent appropriations : Civil list, £2989 ; interest and sinking fund, £50,984 ; territorial revenue, £193 ; endowments, £3525 ; total, £03,091. Annua! appropriations : Legislative, £5813 ; public health, £9887 ; industries and commerce and tourist, £38,930 ; Colonial Treasurer, £BOO2 Postmaster-General, £38,040 ; trade and Customs, £1458 ; marine, £109; printing arid stationery, £5454 ; Commissioner of Stamps, £BIO ; education, £20,143 ; lunacy and charitablo, £1072 ; mines, £746 ; agriculture, £12,993 ; working railways, £97,803 ; public buildings, £493 ; Police Department, £3218 ; Department of Lands and Survey, £31,301; Valuation Department. £1723 ; total, £280,124 ; ; grand total, £313, 815. Less—Permanent appropriations : Under special Acts, £20,381; subsidies paid to local bodies, £501; old ago pensions, £8312 ; total, £29,194. Annual appropriations : Colotiviai SecroUary, £-10,809 ; old age pensions, £lsl ; Justice, £O3B ; Defence Department, £40,779 ; services not provided for, £5082 ;: total, £94,859 ; grand total, £123,553 mej'dng the total amoiunt in excess oi the lirevious year, £220,202.

EXPENDITURE, 1903-04, COMPARED WITH ESTIMATE. £ £ Actual Expen. 1903-0-1 ... 6,434,1281 Kstimated ex-

pen. 1903-04 6,423,082 Additional authority for railways 167,992 6,591,074 Underspent ... £150,793 COMPARED WITH PREVIOUS YEAH.

Actual expend. 1903-04 £6,434,281 Actual expend. 1902-03 £6,21-1,019

Increaso ... £220,262 PUBLIC WORKS FUND, 1903-04. Bal, at March 31, 1903 £338,565 Receipts—

Bal. 1902 loan London Issue 740,000 1903 loan Ist issue 500,000 1903 loan 2nd i iesuo 83,050

Total loan moneys) £1,323,950 Ti ansfer from lovenuo ... 350,000 Other receipts 1,664 1,675,614 Annual ampliations £1,533,128 Charges and expenses 87,249 1,020,377

Bal. 31st March, 1904 £393,802 AVAILABLE 1904-05. Balance as ab[ove £393,803 ilal. of 1903 loan to bo raised 416,050 As on 31st March, 1901 £809,852