NATIONAL FINANCE
FIGURES FOR FIRST QUARTER OF YEAR. SUBSTANTIAL INCREASE IN REVENUE. (By Telegraph—Press Association.) WELLINGTON, This Day. Details of the finances of the Consolidated Fund for the first quarter of the current financial year were announced by the Minister of Finance (Mr W. Nash) today. Revenue for the quarter totalled £8.385.058. an increase of" £998,174 compared with the corresponding period in the last financial year, while expenditure, amounting to £7.282.306. was £257.578 less than for the same period in 1939. These results, of course, are subject to the qualification that the whole of - ""j. the expenditure on defence is now, in terms of the War Expenses Act, 1939. paid out of a separate account, namely the War Expenses Account, whereas during lhe first quarter of last financial year defence expenditure totalling £321.701 was met out of the Consolidated Fund.
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Wairarapa Times-Age, 3 August 1940, Page 6
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140NATIONAL FINANCE Wairarapa Times-Age, 3 August 1940, Page 6
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