B.—6a,

Session I, 23rd Parliament. 1928. NEW ZEALAND

FINANCIAL STATEMENT.

(Laid on the Table by leave of the House.)

I desire to make a brief statement of the public finances under the following heads of—(1) Revenue and expenditure of the Ordinary Revenue Account for seven months of present financial year: (2) Public-works expenditure for current year : (3) Public debt and loan expenditure : (4) Economic and general financial position. CONSOLIDATED FUND.—ORDINARY REVENUE ACCOUNT. REVENUE. From the Ist April to the 31st October, 1928, the revenue collected was £10,352,417, as under: — £ Customs .. .. .. .. .. 4,291,309 Beer duty .. .. .. .. .. 325,390 Motor-vehicles—duties, licenses, &c. .. . . 705,509 Stamp and death duties .. .. .. 1,890,257 Land-tax .. .. .. ... ~ 74,775 Income-tax .. .. .. .. .. 425,115 Registration and other fees .. .. .. 87,793 Marine .. .. . . .. . . 59,105 Interest on public moneys .. .. .. 327,787 Interest on railway capital liability .. . . 1,122,725 Interest on capital liability, postal and telegraph .. 216,000 Interest on the Public Debt Redemption Fund .. 410,625 Rents of buildings .. .. .. .. 12,381 Tourist and health resorts .. .. .. 28,140 Miscellaneous .. .. .. .. .. 71,790 10,048,701 Territorial revenue .. .. .. .. 107,091 Departmental receipts .. .. .. .. 190,270 Recoveries on account of expenditure of previous years 6,355 £10,352,417