A.—4.

The following comparative table shows the total receipts each year, together with the amounts expended on certain public services : —

Loan Account. The public debt was reduced to £96,840 by the repayment of £5,370 out of the Sinking Fund established for this purpose. Customs and Treasury Revenue. Net collections of revenue under the various Treasury and Customs headings amounted to £82,207 for the financial year, a decrease of £10,679 on the previous year. VII.—DIRECT TAXES. The principal direct taxes payable in the Territory are a graduated salary-tax, building-tax, and water rates. As from Ist April, 1941, under the provisions of the Revenue Amendment Ordinance 1941, a graduated store-tax will be payable on business turnovers. This tax replaces the flat-rate store-tax previously payable by general storekeepers only. A comparative statement of the principal direct taxes is shown below : —

In addition, there are the usual motor-registration and other similar fees.

5

Revenue from | , , , External Sources. R ™ e Repay- ! Amounts spent on Financial Year. : -vr — Tnf „ rnQ , ment Loans and U1 of Loans. VA .. AT .. Public Public recoverable Sources. Education Native. „ ,,, , Advances. Q. ran ts Health. Works. * £ £ jg £ £ 1920-21 .. .. 44,336 .. 149,027 •• 3,176 15,196 15,840 13,796 1921-22 .. .. 49,229 16,000 119,569 •• 5,237 17,232 22,690 15,418 1922-23 .. .. 20,777 16,000 115,250 •• 6,846 15,481 25,715 12,549 1923-24 .. .. 5,658 24,000 109,917 •• 6,556 15,856 23,995 21,191 1924-25 .. .. .. 19,140 111,774 7,609 16,170 24,425 24,737 1925-26 .. .. 5,000 21,400 128,638 ■■ 9,131 16,740 25,761 26,555 1926-27 .. .. 31,000 20,000 113,812 - - 9,688 15,927 25,911 20,016 1927-28 .. .. 16,500 20,000 106,038 •• 10,222 15,788 25,597 16,842 1928-29 .. .. 25,700 47,374 121,904 8,000 7,738 12,278 24,367 13,606 1929-30 .. .. .. 39,448 131,416 .. 6,955 9,882 18,016 17,005 1930-31 .. .. .. 21,000 130,385 .. 7,439 9,698 18,224 15,726 1931-32 .. .. 6,000 .. 109,040 6,000 6,794 8,465 17,824 15,797 1932-33 .. .. .. .. 105,920 26,155 5,459 6,965 21,819 11,908 1933-34 .. .. .. .. ■ 90,613 3,000 5,097 7,010 17,150 10,632 1934-35 .. .. .. .. 78,808 4,335 4,910 5,385 13,937 9,111 1935-36 .. .. .. .. 111,867 .. 4,877 5,539 17,797 20,222 1936-37 .. .. .. .. 117,909 9,770 5,619 6,810 19,636 28,030 1937-38 .. .. .. .. 139,450 9,745 7,539 7,820 22,579 31,436 1938-39 .. .. .. .. 123,803 4,855 8,553 8,433 25,904 25,556 1939-40 .. .. .. .. 131,416 5,1301 9,526 8,928 29,147 29,757 1940-41 .. .. .. .. 107,980 5,370* 9,954 10,121 27,815 14,795 204,200 Total.. 82,360 Less .. .. 25,000* = Total .. .. 179,200 Note.—-Expenditure on education and public health does not include expenditure on sohool and hospital buildings, which is included under the heading " Public Works." * Treated as a gift by the New Zealand Government (not in respect of any specific year).

Received. 1939-40. 1940-41. £ £ Salary-tax .. .. .. .. .. 450 406 Building-tax .. .. .. .. .. .. .. 2,708 2,933 Water rates .. .. .. .. .. .. .. 1,351 1,413 I