8.-6

.1922. NEW ZEALAND.

FINANCIAL STATEMENT (In Committee of Supply, 15th August, 1922.) BY THE RIGHT HONOURABLE W. F. MASSEY, P.C., MINISTER OF FINANCE.

Mr. Malcolm, — I have the honour to submit the annual statement of the finances of the Dominion as at the 31st March, 1922, together with, my proposals for the current financial year. The total revenue of the Consolidated Fund for the year 1921-22 amounted to £28,127,007, whilst the expenditure for the same period totalled £28,466,838, the difference being met by the utilization of a. portion of the excess of Customs revenue collected during the previous year. Revenue. The revenue for the year was estimated at £28,000.000, but the amount collected was £127,007 in excess of the estimate, or £6,133,955 below the revenue of the previous financial year, as shown hereunder : —

Revenue for the Year ended 31st March, 1922, compared with the Year ended 31st March, 1921.

The decrease in the Customs revenue of £3,313,290 was anticipated, and justifies the provision made for applying the excess Customs revenue collected during the year 1920-21 towards adjusting the disturbance in the equilibrium due to overimportation.

i—B. 6.

Year ended Year ended 31st March, 31st Maroh, 1922. 1921. j Increase. IncrcDecrease. Customs Beer duty Stamp and death duties Postal and telegraph Land-tax Income-tax Railways Registration and other fees Marine Miscellaneous Territorial National-endowment revenue .. Other receipts £ £ 5,095,436 ! 8,408,726 458,898 360,525 3.444,504 3,745,902 2,748,481 2,640,158 1,637,816 j 1,688,978 6,002,987 I 8,248,945 6,683,236 | 6,918,492 146,548 | 220,085 51,849 56,540 1,410,478 1,584,995 200,697 219,193 102,481 100,448 143,596 67,975 £ i 98, 108, 2, 75, £ 3,313,290 98,373 108,323 301,398 51,162 2,245,958 235,256 73,537 4,691 174,517 18,496 2,033 75,621 ~ ! 284,350 fi\yx , 6,418,305 284,350 Totals .. 28,127,007 ! 34,260,962 6,133,955