CONTENTS.

Page PUBLIC DEBT .. .. .. .. .. .. .. .. .. i OUR LOAN TRANSACTIONS ~ .. .. .. .. .. iv LOANS MATURED .. .. .. .. .. .. .. .. .. v LOA.NS MATURING .. .. .. .. .. .. .. .. v LOANS TO LOCAL BODIES .. .. .. .. .. . .. .. .. v LAND AND INCOME TAX .. .. .. .. .. .. .. .. vi POST AND TELEGRAPH DEPARTMENT .. .. .. .. .. ..vii LAND REVENUE AND SETTLEMENT ... .. .. .. .. .. vii LAND FOR SETTLEMENTS .. .. ~ .. .. .. .. .. vii ADVANCES TO SETTLERS .. .. .. .. .. .. .. .. viii ADVANCES TO WORKERS .. .. .. .. .. .. ; .. viii LABOUR.. .. .. .. .. .. .. .. .. .. ix MINING .. .. .. .. .. .. .. .. .. .. ix OCEAN MAILS .. .. .. .. .. .. .. ~ .. ix INLAND MAIL-SERVICES .. .. .. .. .. .. .. x WIRELESS TELEGRAPH .. .. .. .. .. .. .. .. x OLD-AGE PENSIONS .. .. .. .. .. .. .. .. x PERRY SERVICE .. .. .. ~ .. .. .. .. .. xi NAVAL DEFENCE .. .. .. .. .. .. .. .. .. xi INTERNAL DEFENCE .. .. .. .. .. .. - .. .. xiv RETRENCHMENT .. .. .. .. .. .. .. .. .. xv LICENSING LEGISLATION .. .. .. .. .. .. .. .. xvii RACING LEGISLATION .. .. .. .. .. .. .. .. xvii NEW LAND PROPOSALS .. .. .. .. .. . .. .. .. xvii NATIVE LANDS .. .. .. .. .. .. .. .. .. xxi STATE GUARANTEE ADVANCES .. .. .. .. .. .. .. xxii LAND FINANCE .. .. .. .. .. .. «— .. .. xxiii DEATH DUTIES .. .. .. .. .. .. .. .. .. xxiil BANKS TAXATION.. .. .. .. .. .. .. .. .. .xxv GRADUATED INCOME-TAX .. .. .. .. .. .. .. ..xxv BETTERMENT SYBTEM FOR RAILWAYS .. .. .. .. .. ..xxv RAILWAY AND POLICE SUPERANNUATION FUNDS .. .. .. .. .. xxvi PUBLIC SERVICE SUPERANNUATION .. .. .. .. .. .. xxvi RESULTS OF PROPOSED CHANGES .. .. .. .. .. .. .. xxvi FINANCE FOR 1909-10 .. .. .. .. .. .. .. .. xxviii EXPENDITURE .. .. .. .. .. .. .. .. xxviii REVENUE .. .. .. .. .. .. .. .. .. xxviii RESULTS .. .. .. .. .. .. .. .. .. xxix PUBLIC WORKS FUND .. .. .. .. .. .. .. .. xxx REVIVAL OF TRADE .. .. .. .. ~ .. .. .. xxx CONCLUSION .. .. .. .. .. .. .. .. .. xxxi