THE Inangahua Times. PUBLISHED TRI-WEEKLY. WEDNESDAY, AUGUST 1, 1877.

Inangahua Times, Volume IV, Issue 49, 1 August 1877, Page 2

THE Inangahua Times. PUBLISHED TRI-WEEKLY. WEDNESDAY, AUGUST 1, 1877.

Tip FiDtaocia,l Statement came through by wire last night, but its great length precludes us, from doing more than ve*y hastily and briefly summarising ' its, contents. The appropriation last session for immigration and Public j Works amounted to £2)032,285, There : had bpen expended up to 30th, June, £l,480»6.1 1 7, so that there bi&d been a saving of £551,688 during the year. The saving of £33#,000 had been effjeeted in expenditure upon, railways, and a proportionate , saving on the otheu.pqblic works yoteg. Taking the Public. "Wprlss account as a whole, the wayaapd means had been $1,505,000 out of Iqans, including £750,000 out of the baa, of %Bp, and £540,620 from receipts in aid, including £264,657 from Stamp Duties. lip to December last there was thus a total of £11,1,40,620 of ways, and means. The expenditure up to June 30 amounted ■to £1,0,^,431, s% tljat there was on that date, a balance of £980.189, Of the balance referred 1 to, $645,957 ir« v, ! required for works under contract or abp'uj; to.be let. It was proposed to ask for appropriating amounting to abouj £1,275,6$ 6, and if tlijs \y,ere granted additional ways and, meaus amounting, to about £99p,443 ; woujd be requiced, for this account during the jear. The gross public debt of 'the : Colony, General and Provincial, includipe Treasury Bills w,heQ the balapce of all lonns now authprised are raised, will, be £20,825,311,, a 8 agaipst this, debt there is a balance of £950,1<89 at credit of Public Tforks accouut ;. £35,416 at the credit of the Defence Loan account, and accrued Sinking Fund. amounting to, 1,353,503. Our total, revenue last' year was £3,061,591, and excluding lund sales £%1 1 7J > 059, Our nett public debt is eight and a half times our revenue, or j including land sales, six times our revenue> tyhile the public debt of Great Britain, ie-nore than ten times the revenue Of the gross. Colonial debt eight millions had been spent on railways, tbree and a half millions on immigration, four and a hal^millions on

| harbors, &c, one and a half millions in the purchase of Native lands, two millions in Maori rebellion and remainder in miscellaneous expenditure. The revenue from railways showed a diminution owing tq non-completion qf certain extensions. The estimated total revenue for next year was £3,392,685. Railway receipts were estimated at £604,00.0, and the years' profit on the work done by the railways was set down at £170,000. [We have given above the substauce of the Statement, but the message having been divided by the Press Agency into three parts, and the second part held back to the last, our summary has necessarily been cut short. The message occupied somej thing like eight hours in transmission, and was not conclueci until an early hour thja moraine.] SEBM '.'T.W'ih ' . • I. 1 W^