FINANCE.

Taranaki Daily News, 28 January 1921, Page 5

FINANCE.

LAST QUARTER’S FIGURES. MARKED REVENUE INCREASE. CUSTOMS NEARLY DOUBLED. By Telegraph.—Press Association. Wellington, Last Night. A comparative statement gazetted today of receipts and expenditure in the Consolidated Fund shows that the balance at the beginning of the December quarter of 1920 was £17,561,179, compared with £13,035,986 for the corresponding quarter of 1919. The ordinary revenue for the two quarters compared as follows: 1919 1920

Totals 6,077,706 7,800,644 Including the balance in hand, and also £600,000 repaid from the Nauru and Ocean Islands Account, £250,000 as proceeds of Treasury Bills issued, and minor items, the total revenue to December 31, 1920, amounted to £26,240,121, against £19,152,436 at December 31, 191’9.

The expenditure side of the account shows the balance in hand at the end of the December quarter, 1920, as £4,363,598, compared with £12,774,417 for the corresponding quarter of 1919. Permanent appropriations totalled £3,404,371 for 1920, against £3,204,689 for 1919. Annual departmental appropriations were £4,875,901 for 1920, against £3,172,930 for 1919. On the expenditure side for 1920 also appear transfers to the Discharged Soldiers’ Settlement Account totalling £12,246,250, transfer to Reserve Fund Account £1,200,000, and Treasury Bills redeemed £600,000.

£ £ CustpniB 1,226,888 2,201,357 Stamp and death duties 869,622 1,024,786 P. and T. .. al* tai* * * 546,859 739,085 Land tax .. . 4'. . . • 1,497,906 1,522,215 Income tax 81,209 131,731 Beer duty . 92,461 91,174 Bailways 1,481,076 1,837,108 Registration and other fees 36,484 37,266 Marine 10,120 14,339 Miscellaneous 335,170 201,578 . ■ ... .-