THE DOMINION'S TRADE.

Taranaki Daily News, Volume LV, Issue 227, 13 February 1913, Page 5

THE DOMINION'S TRADE.

REVENUE AND EXPENDITURE. Per Press Association. Wellington, Last Sight. The Hon. W. Eraser, Acting-Minister of Finance, stated that the revenue for the ten months ended January 31 amounted to £9,021,930, compared with £8.030,034 for the corresponding period of the previous financial year, an increase of £382,302. The expenditure for the ten months of the current year, to January 31. was 1\5.039.509, compared with £8,310.995 for the corresponding period of the previous year, an increase of £320.514. The net gain in revenue was thus £55.755. The expenditure for the past ten months was necessarily higher, because more interest had to be paid on loans, and the expenditure on defence had been greater. There were some other items involving increased expenditure, while in others decreases had been effected. The increase in expenditure in the aggregate amounted to C 442.019. and the decreases to £115.509. Generally speaking, said the Minister, the revenue is exceedingly satisfactory, and the buoyant condition of the hind and income receipts, assuming payments are all made by the date fixed, will be at least 75 per cent, above the estimate. Suggestions have been made in some quarters that money has not been advanced bv the lending departments, but in ten months £1.029,125 has been lent out from the advances to settlers, advances to workers and local authorities branches.