THE DOMINION’S FINANCES.

Gisborne Times, Volume XXIX, Issue 3216, 12 May 1911, Page 2

THE DOMINION’S FINANCES.

HON. J. A. MILLAR'S STATEMENT SUPPLEMENTED. FURTHER DETAILS FOR THE YEAR. IFEE PRESS ASSOCIATION..! WELLINGTON, May 11. Details of the Dominion’s finances for the year ended March 31st, 1911) appear in to-night’s “Gazette.” The principal items were made public by the Hon. J. A. Millar at Dunedin last Tuesday, but these may be supplemented a little. The Naval Defence Act account shows that £1,120,250 has been received of the loan of £1,250,000. Authorised expenditure has totalled £489,289, and loan charges were £431, leaving a balance of £630,529. The Native land settlement account shows that £181,600 was received from the State Guaranteed Advances office. The amount expended under the Act was £135,334, and, after providing for a sinking fund, there is a balance of £44,322. ” : In the Land for Settlements account the nrincinal receipts were :—Balance at the beginning of the year £430,385, and rents, etc., from States £271,199, making, with the smaller items, a total of £663,640. The amount spent during the year in the purchase of estates was £158,796, and expenses connected with these and other estates (previously purchased) amounted to £16,720. The interest paid to the Consolidated Fund in respect of debentures issued absorbed £224,037, and the sinking fund £59,079. The balance at the end of the year was £53,397. The principal estates purchased and the amounts paid were as follows: Allanholm, £24,150. Aviemore, £950 (?).. Clandeboys, £14,476. Clandeboys (No. 2), £8192. Drayton, £31,296. Hornby, £3695. Kohika (No. 2), £6397. Meadows, £13,651. Ruapuna (No. 2), £39,822. Stoke, £18,137. Waitakarurn (No. 5), £6522.