REVENUE RETURNS.

Temuka Leader, Issue 2449, 10 January 1893, Page 3

REVENUE RETURNS.

SATISFACTORY RESULTS. [own CORRESPONDENT LYTTELTON TIMES.] Wellington, Jan. 7. I send you the comparison between the revenues received during the nine months ending December 31, 1892, and those obtained in the corresponding period ending December 31,1891: — consolidated fund.

Wi «v »■’— “ j* J 3 3 Th 9 laud Tax in 1892 represents) the v;hole year’s collection, while the Property Tax for 1891 is only for nine months, and besides the Property Tax figures in 1892 are a small overflow from 1891. Subtracting all these figures from the total, I find that the actual amount of the ordinary revenue received during the first nine months of the present year exceeded that received during the corresponding period of last year by £82,000. Now the estimates for the whole year ending March 31,1893, show £32,985 less upon ordinary revenue than the actual receipts of the previous year. Already the estimated | kliihgb- ff of Has jjeen wiped off; and £82,000 has been received in addition. Moreover, the indications for the last quarter load to tin? belief in well-informed pirclps that thip loac|. oyer the replants of the previous War will bo steadily maintained. The clirect taxation looks equally well. The Property Tax of 1891-92 realised £350,000 while the ostinnito of Land and Income Tax fur 1892-93 reached £350,000. Of the latter sum about £293,000, has beeu

received for Land Tax. It is understood that the Company returns alone, of Income Tax, come to £45,000, so that it is evident at a glance that the Land and Income Tax between them will beat, not only the estimate, but the receipts of Property Tax last year. The Land Tax figures are equally satisfactory ; indeed, along the whole line the elasticity of the revenue has proved itself wonderful. When one remembers that the Financial Statement estimated (subject to Supplementary Estimates) a surplus for March 31 next of £330,000, one can see without difficulty that the actual surplus will probably be nearer half a million than £400,000.

1892 1891 £ £ Ordinary revenue — Customs 1,179,425 1,147,563 Stamps 403,131 387,579 Post and Telegraph 33,114 31,774 Property tax 17,040 213,873 Land tax 287,100 Nil Beer duty 42,033 40,537 Railways 808,120 775,523 Registration 31,914 28,935 Marine 14,014 14,369 Miscellaneous 27,088 26,485 Territorial 110,236 113,652 Totals 2,953,226 2,780,196 LAND Laud sales— FUND. Ordinary 38,442 32,781 Deferred payment... 40,094 34,750 Totals 78,537 67,538 Grand totals 3,031,704 2,847,735