UNKNOWN

Waikato Times, Volume I, Issue 49, 22 August 1872, Page 2

UNKNOWN

The Financial Statement delivered on Tuesday night, a telegraphic summary of which ,we publish in another column, is one of the clearest, and most, cheering- statements the colonists of ISV.V Zealand have had an opportunity "of reading for some years. We admit that the Statement is an agreeable surprise to us, in place of—as liabit leads us to anticipate—there being an excess of expenditure over revenue? we find that the Colony, sit the end of the financial year, has a balance of LIOjOOO with which to commence the new one. As an evidence of the vitality of this Colony, it is only necessary to consider the fact that the revenue exceeds the estimated amount by L 71,000. Every form of taxation has rendered more than in the- year previous, with the exception of the' Stamp Duties which, from the mistake made in imposing double the previous amount on cheques and receipts, have fallen off LSOOO. This mistake is about to be remedied by a return to the old tax of Id. Statement contains a large amount of statistical matter which wi'.l prove of great use and interest to. all who take an interest-in watching for the circumstances which lead to, or prove the prosperity of a colony- From some of these it will be seen that New Zealand compares

favourably; *ith fcbs;\l®jHgWbburing colonies. The value'of her exports exoeeds in valne, per' head of the population* that of some of the other colonies which stand in the first rank in the estimation of the world. The short time that has elapsed since the receipt of the Statement, has precluded us from stiictying its details sufficiently to write witu authority upon it. This much, however, have been ablo to learn at a glance, —the position of the Colony is such that we are justified in congratulating our readers on its prosperity. When we have carefully weighed all' the facts ijnd figures coritainod in Mr. Vogel's al)le statement, we shall return to the subject.