8.—6

1917. NEW ZEALAND

FINANCIAL STATEMENT (In Committee of Supply, 1st August, 1917) BY THE RIGHT HONOURABLE SIR JOSEPH WARD, BART., P.C., K.C.M.G., MINISTER OF FINANCE.

Me. Malcolm, — Since I submitted to honourable members the Budget of 1916-17 the great war has, unfortunately, continued with unabated and, indeed, increased intensity. It is therefore my duty to review the financial aspect of the past year's operations, covering a period of unprecedented conditions, and to suggest for the consideration of honourable members proposals to meet the increased financial requirements for the year 1917-18. REVENUE AND EXPENDITURE. The revenue and expenditure for the year 1916-17 as compared with the previous financial year are as follow : —

Revenue for the Year ended 31st March, 1917, compared with the Year ended 31st March, 1916.

i—B. 6.

Yoar endod "Sear ended 31st March, 31st March, 1917. 1916. Increase. Decrease. Customs Stamp and death duties Postal and telegraph Land-tax Income-tax Beer duty Railways Registration and other fees.. Marine Miscellaneous Territorial National-endowment revenue Other receipts £ £ 3,849,675 3,366,171 1,699,035 1,470,307 1,815,558 1,689,917 713,118 1,048,356 4,262,126 1,392,119 187,953 157,892 4,836,275 4,484,337 108,044 106,263 43,742 ; 46,228 518,063 424,505 215,787 219,314 85,971 92,655 32,200 12,073 £ 3,849,675 1,699,035 1,815,558 713,118 4,262,126 187,953 4,836,275 108,044 43,742 518,063 215,787 85,971 32,200 £ 483,504 228,728 125,641 2,870,007 30,061 351,938 1,781 £ 335,238 2,486 93,558 3 ',527 6,684 20,127 4,205,345 347,935 347,935 Totals 18,367,547 14,510,137 3,857,410