The Financial Statement. (Concluded from our last.) REVENUE

Waikato Times, Volume X, Issue 676, 12 October 1876, Page 2

The Financ ial Statement. (Concluded from our last. ) REVENUE

I now ooma to tbo conaiiieration of the Consolidated Revenue. I ■hall take a§ m? startini; po'at the balance of £121,231 with which the Freaiury closed its account 1 ! on the 30th June lut I aid to this turn the a»set* of the years 1875-76, unre4h*e<l at that date, amounting lo £19,228, nnd deduct Ui-refrom liabilities to the amount of £90,410, then o'ititand* ing, which gives ua a »ur -las or £50,052 with whieti to be^in the year. But, before prooeeding funhtsr T desire to lay that we adhere to the po iey 'of our predec»Bior« with regard to taking over tha railway*, general and provincial, and char^inwj 2 per ceut. against the district land fund for the total expenditure upon the lines within eaohditrict. • Wnbar©, then, an available balauoe of £50.052 wi h which to ctmmenoe the financial year 1876-77. *nri I emtimafe the revenue of the year 1876 77 at f .Mows : —

Customs Duiieu, flout*, Seizuron, *o. ... '„.£1,250,000 Bonded -tore* " ... 5,500 Fe,-H M-riao , Act, Ugfcfc Dues, &o ... ' 17,330 PiUa^a Rates, H*rbulir Dues, &o (6 months) ... 667 Stimp Duties .. ... ... 115 0»0 PoibU .*.; 9SOOO Tal k r*phio ... 67 OdO Jiciivikl . ..'. ' '... 38.000 Fe j n, K"giifcrttion of Lind ... 12 5iH) Hegi«critioD of Dhb^b ... 15 500 Ke^mtr.ition of_.Birtbi .'/ 5 500 Cr>wn Grants 6,u00 Ftseß and Fiaeij', Sheep Impe<)< t-on (i) ra mtbt) 500 Fo'>B, anse'Uneous ... .. 2,500 B ilff »y» (C iloni^l, 12 month* ; Provincial, 6 mouth*) ... 845.000 I'icidenUl Rec i,>ts 46,000 Miso dlaneous Ravenue, Proviuo »1 (6 mouths) 13 333 Total £2,036 850 Transfer fr m State Forests Aoount ... 10,000 Recoveries for interest oa ■ Railways (6 months) ... 50 000 Grand total ... 4.£2,096.850

With one exception, I hare accented the sums set down byihe ]«%• Treasurer aa my estimate of tnl revenue of the present year. From the Cuttoma Kevrmie I hive th a ht it priideat to de'uct £20,000, owing to fh« fafl in the pi ice of wool. I hope, b.»VeVer, oonftidering the improved prospects of the j?o ilKuldi, that thia item of revenue will yet reach the or ginal eati nate. I have advert to the recei t« a turn of £10,000, ' whioh I propose to restore to-tha revenue <>f £15 000 trannferrel U»t year to the State Forests aooount. The entimice of leceipts for ee'viaei taken o^*r from the proviucea are for *ix inoutha only, aa thoaa roifipta will reiuaia Provincial revenue uut'l the 3Ut December next. Aa I have aairi, the b»l*nce with wfaioh v»o b-gin tlio year i» £50,052 Tno tot»l revenue i>f the year is £2 036,850. Ths tranafer of £10 000 f om the-Stato Fo testa aououut^, nnd tuo reonveriea of interest at two per cut. on the ra Iwaya ftxpA^ ture, £50,00) will brintr u p t he receipP of the year to £2 090 850 To which I a«ld the balance of £5 ',052. and m ike up aantn <f £2 146 91>2. Del acting thetefr>m the c timiiuHl cxpHiiditnr*' nmonnt* ing to £2(87 948, «c obtain £58 953 *■ the eatimat"<i surplua, from which, how* ever, Wo shall lave to provide for the additional expenditure to be submitted ia

TIIE •rFPI I RM>NrABTE3TIIUTES. Tho smollneM of this aurplus will ooLaioii_.nQ iuri>riln whwn it«,i« wnnnmhwaii

onn,lw V .o k .| ; .o : -r.«fcj^-; ralol '7 ':; ,Vi£7o 0 00 — «a "'V"' 1 ! cp y .n-«.et from U.eW Fund £ u 0 to £3,500 000 oat of ;,« nitr of thu Oonwliilaoa Re- ;; h T,^«1."8 totheoryw-l-i-of Public Work. «hould ba

-fa-Zime I*, kovrerer, fist npproachin? 7u . »»ll b c mo rep.-0-l..ct.re, and the lt . sw^" 1 *, 1 "^ TOlldlltB d R-venu, •ah >n af

T?li.xt elncai»..,»nd Museums, a .d it: «'«! U »* very -tiif-orf. J,oji, 1B •* it do ■ (ietieteno:ei in mit of the p o "n « amoonung altogether to abort £» t3 000 which will h»Ye to be macle tl from theCon S o'.d«ted RcTenue It £* noteworthy f«* ''^ f^^Jm *l« u f about £750 J0 for the six Slue Treasury bills, a. wnfmpltfec l in Con.oUd a ted Berenu. m .devfllopmaiit of o-tr re*l w«*w-

BORROWINO. I wi-h I coull inferm the committoe ,tbit 7t w- unnece..^ .. Mk to farter borrowinir power* Ihii je»--, but that, 1 rllret to .»V. i« practicly impo-sibl-. Jltwin Daoember und June next, the the dv« »t wttich fund! £.r the continuance of our ou>.l.c work- cvn be pro.ule.K Ho apt intend, a. wm propel v l bj the nronnMCDncined t. the colony. We har'ngreooan. to the open market. If our expectation, on this point ««» realiwd, S SS not attempt to pUce the loan, lefore n«t te ß .ion, unlees it ihould be foand »lfi«'>l« «br oth.r i^ons to adopt S,t course. I rtuall next ■H H ,on .aomit for th, contiderdtion of the House, a ihen. bMed upon carefully P"H»"d Dr f^Monal eitimatet, ihowmg defim e'y, %** in detail, what. work. *re required to Complete cur railway .y.tem, and ih» cost c^npUion, aai .ball then auk TheHout. toojmider the atrang-meiit-o£Si £ •i»P>«tin l the scheme. I Sm the coa,p«. of our growing ' income. I

IB CONOI/UOiun, t?e emntri ifl the soci.l «n I m »f-.l confor coaU.ntm.n-. Kot-itHrtanding the Mrioas tall in ib# P"« of wed. our USI in eonw.iced tb^tour coaimercial SSitoit «a« —er conducted on • IC*\£ b»«i. We h»r. p-.«d l A « mo« cul.yremp'oyraentbmtlgplenttfulthrou,^ out th« winter unrt W B ood w«e.. The «,ldfleWt, not oulj in the W«t Coast but ?n Ou«o*"d Auckland, »ho .hot in. «no*t «tut.»ctory .ign^ of an wer-an.* S\ducti»enrt*. N,. on« now can rea»o..Sblv Honb' «h« MWfM of the Imrnigrutnn «n,i Public Worlw •cl.^mf but in order 5 rrapth* full be».eßt of .bat «l.em« noww»thinourr,a.h, we must «ere«» . modern wlf-.e^traint in o-.r future 'p.rat.oo.. I tru.- the Cummittce will iWote of the propo*«l« which I h»»e J^S , .übmirted, &r the Uowrnment deep'J impreurd with »ho neceisity "f . prurlenr, and car.fal finance. -«d I liooa Ihn' on rno.avoiiri lo r(cmfile the c obj.c • will hate the iu W oitof the UnnM and of the cjuutry- »