BUOYANT REVENUE.
BRITISH EXCHEQUER RETURNS. BIG INCOME TAX YIELD. GROWTH OF OVERSEAS TRADE. (hilled Press Assn.—Elec. Tel. Copyright (Received August 18, 1 p.m.) LONDON, August 17. The buoyant revenue is a continued feature of the Exchequer returns. The total ordinary revenue amounts to £228,052,063, compared ’ with £2 19,016,519 al the corresponding date last year. The income tax, at £39,074,000, has yielded £4,709,000 more so far this year. The growth of overseas trade raised the receipts by over £5,000,000 to £8 1.713,000. The total expenditure, less selfbalancing items, was £310,346,643, compared with £293,517,639 at the corresponding date in 1 936. Over £2,000,000 of the increase is due to the higher cost of interest and management of Hie national debt.
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Waikato Times, Volume 121, Issue 20275, 18 August 1937, Page 7
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118BUOYANT REVENUE. Waikato Times, Volume 121, Issue 20275, 18 August 1937, Page 7
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