WHERE THE SURPLUS GOES.

Taranaki Daily News, Volume LI, Issue 116, 7 May 1908, Page 4

WHERE THE SURPLUS GOES.

SOME PLAIN FKU KICS. A financial synopsis of the year I!III7-S and some remarks relating to the -urpli'-, were given by the Premier at the of the Liberal and Libour l-ederatioii. The synopsis was as follows:

| Nirplus for the year .. 7(i7,SW Kovenne lor tlie year .. IMJ.w.Oili I :--vi nu<; for the year exceeil'•'l til-It of previous year liy (ijli.S/l Transfer of revenue in aid of I'nlilie Work- I'undfor year WKl.ooo lieasury liills redeemed .. I.jIUUKi 1 Tot nl amount of revenue transferred to l'ulilie Works I-uud by the Ulieral Administration since it came mto otlice in lfj'Jl .. .. G.UO.tllll) | .\inoiiiit. hjient on public work* during the year, e.\-clit-i \-(! of separate ac'•"'"'t- l.ssii..i:ii I'-ilaneeoi I'ulil ic Works fund at .'il-l .March (ca-li) I. .ail money I.) receive I'.II.SIM A\ iiil.tl ile i-iiii >■ y,.;ii I'lu- troni Consolidated Ke--'7V" .. .. .. 2(1(1,111)') \\ liii-h. with tran-ler of. sav. l'7l)ll.000 from surplus, will "i™ l .. I.UIVI.Dni) It. the Premier ailded. that t<>.i;s(l.11,1,1 liail not transferred from orii v revenue to the l'ulilie Works 1 11 Ik I. they would have ie(|ttireil to have '"'noued tlnit aiuoiinl. They had not l»ii rowed it. anil if anyone wanted to a-.u what had iie.-oine ot' Ihe sip phiV'.' l ' I,v V'ar I hey had only lo look ill ihe r.iilwav esleii-i.m- and'other jniid-i----u,- to -ee where the money ll.llt liee|| "I'clil. \» t(l 111,, tiellres ;ne|| a Inn e. i;.' j'"intei| out l li.it the .UHiinoiiii IranI'tle.l t'IOIU re V el) lie to l'ulilie WorkI and «■,!- ii record: the largest iimoiini ■previously transferred was U77fi.(iiin in ilimi-7. In lo pnlilie works, il 11"'.' 'llll v transferred I hi- year C7un.uii(i tii'in "idiuary revenue to Public Work; I'and I hey would have over a million v\ it limit borrowine 1 ;i penny. (.\p