THE COLONY'S FINANCES.

Taranaki Daily News, Volume LI, Issue 108, 28 April 1908, Page 2

THE COLONY'S FINANCES.

Per Tress Association. RECORD YEAR'S RKVENUJ'

Wellington, Lust iNight. Sir Joseph Ward, in. the course of a speech to-night, sniil the financial position of the Dominion, was highly satisfactory. The revenue for the year ended Hist March showed a record revenue of £0,055,040. Other receipts that, could not. uc called ordinary revenue amounted to £8045, making the total receipts for the year £9,0(13,081). At the beginning of the year they had.

drought forward £717,825. The expenditure, for the year amounted to C8,213,!)(i5, leaving an excess of receipts over expenditure of £850,024. Thus the Government had a total Ways and; Means for last year amounting to €1,5(17,840. Thov had transferred from

the Consolidated Fund to the Public. Works Fund £BOO,OOO, so that left a balance at the end of the year of £707,84!) to commence the new year with. The revenue for the year just closed exceeded that of the previous year by £050,871. There were increases in. all sources of revenue but two. Customs revenue showed an increase of £102,525. There had been an increase, of £185,207 in Post and Telegraph re- 1

cei]rts, and an advance of £90,504 in' Land Tax received. The effect of the increased taxation on estates of oven £40,000 was not very much felt in, this, year's revenue. Income Tax showed am increase of £27,038. Beer duty im

creased CUSfIT, railways £143,999, regim tralion. etc., £0722, marine £1320, casa. land sales £7024, and pastoral rents, .CS(),!I85. Miscellaneous revenue showed, a fall of £8543. Comparing the total rcv-mic with that oi two years ago, it: had risen by £1.471,587. (Applause.* There hail been no booming. It wa-i simplv that the people of the Dominium were'making a steady growth and ex-' pansion in (heir trades, and there was, a spirit of confidence, widespread and, diffused.