THE BUDGET.

Taranaki Daily News, 4 November 1921, Page 4

THE BUDGET.

PRINCIPAL FEATURES. THE ESTIMATED SURPLUS. THE GOVERNMENT’S PROPOSALS, EXPENDITURE TO BE REDUCED. Total revenue, £34,260,962; total expenditure, £28,128,730; surplus, £6,132,232. Cash balance carried forward, £4,920,294. Transferred from accumulated surplus: Reserve Fund, London, £1,200,000; Discharged Soldiers Settlement Account, £13,330,000; Public Works Fund, £500,000; Discharged Soldiers Settlement (depreeiation fund), £50,000. Public Works expenditure, £3,141,197. Redemption and renewals effected, £10,• 094,917. Customs revenue and excise, £8,769,251. Land and income tax receipts, £9,937,923. Total expenditure on mental hospitals, £377,643. Post and telegraph revenue, £2,640,158. Savings-bank deposits, £35,031,244. Excess of deposits over withdrawals, £2,227,356. Interest-bearing limit of savings-bank deposits increased. Total war-loan certificates sold, £4,613,203. Stamp revenue, £3,745,902. Purchased during the year for settlement of discharged soldiers 79,950 acres, costing g £1,277,971. Advances authorifeed to 17,853 discharged soldiers, £17,941,980. Total area proclaimed under Discharged Soldiers Settlement Act, 1915, to March 31, 1921, 1,321,091 acres. Total area of State forests, 5,134,651 acres. Total value of exports, £48,219,672. Increase of approximately 71,900 acres sown in wheat. Coal reserves established for naval use. Naval Board constituted. Reorganisation of New Zealand Military Forces. Repatriation expenditure to March 31, 1921, £1,859,310. Coal-production during the year decreased by 4143 tons. Coal production in 1920, compared with 1914, decreased by 560,000 tons. Coal imported during 1920, 647,077 tona War pensions paid during 1920-21, £l,886,952.

Pension Medical Appeal Board established, Total contributors to National Provident Fund at December 31, 1920, 19,724. £31,972 expended for maternity allowances. Expenditure by Education Dtepartxnenl approximately £3,300,000, including Consolidated Fund appropriations, £2,460,116; Education Acts, £102,972; education reserves and national endowment revenue, £171,071; and Education Purposes Loan. £214,571. £500,000 expended on school buildings. Total payments made for supplies purchased on behalf of Imperial Government £158,576,644. Wool profits distributed, £1,619,069. War loans raised to March 31, 1921 £81,538,570. Gross public debt at March 31, 1921 £206,324,319. Sinking funds at March 31, 1921, £B,. 763,072. Net indebtedness per head, £162 3s. Net annual interest and charges, £10,108,414. Increased revenue from distribution ol Bank of New Zealand profits, £18,750. PROPOSALS.

Estimated Customs revenue, £4,900,000. Estimated land and income tax receipts £7,700,000. Co-ordination of Public Health Depart ment and local authorities in sanitary inspection and the prevention of infectious diseases. Improvement of nursing serviuew. Transfer of military consumptive Runstoria to Public Health Department. Legislation in connection with hospital subsidies. Automatic printing telegraphs to be installed. Telephone and telegraph methods to be improved. Expedition of operations of swamp-lane drainage. Extension of farm schools for teacher: and farmers. Nauru and Ocean Island phosphate business to be developed. Formation of New Zealand Royal Naval Reserve. £335,782 to be provided for naval defence. Re arming and re-equipment of Territorial Force. Consolidation of and amendments to th< shops and Offices Acts. Consolidation of and amendment of th< Conciliation and Arbitration Assistance to fishing industry. ' r o S noenlr^ t "’ n for more economic an« rapid completion of railways Legislation in regard to main roads. deveZedTegi“n s . rOa * msking “ worta. thCT devel °P me “ t »f hydro-electric nrS?^K Clal p . r ? FX>SBI >“ connection with productive pubhc works to be submitted, arid ta™ w «“«™oriis to supply tries' 01 " 11188 ° f teachens wit h other counwe^‘^ iatlon extend ing. provisions for childser^cM n “ O “ ° £ SCh<Wl m9dical ““d dental tionte 6 ” 4 ° f ** Teachare ' ShPerannuaPub^Jt^e^ 011 ° £ th ° W “ k ° f « Rarotonga. Of luact ® E » Of the Native , ba,a "‘r h “‘ a “ cial torm to be l ai d befere Parliament in the Public Service. PRihn t AMj eSt,,nSt r l avenue, £28,000,009estimated expenditure, £29,266,367. Estimated cash surplus, £3,653,927, Readjustment -of taxation Expenditure to be reduced state services to be made silf-supporting. Land tax rebate of 10 per eent for miXr du^X° r Withi “ tw “‘y-o“ a day.