8.—6

State Advances Office— £ Paid over to borrowers in last five years .... .... .... 26,692,969 Additional loan - moneys made available during the year amounted to .... .... .... .... .... 890,000 K,ural advances bonds sold .... .... .... .... 543,300 Rural advances to farmers .... .... .... .... 751,900 Discharged soldiers settlementFurther revaluations of property and writings-oft of principal and interest totalling £5,164,636 were made for the purpose of establishing the settlers on a sounder footing. Railways— Revenue compared with previous year showed increase of .... 45,537 Working expenses compared with previous year showed increase of .... .... .... .... .... 194,243 Postal and Telegraph— Net profit for year .... .... .... .... .... 20,000 Post-office accounts now separate from the Consolidated Fund. Sales of Post Office Investment Certificates .... .... 541,790 Unemployment relief — Expenditure during year on public works, including £ tree-planting .... .... .... .... 397,000 Subsidies earned on works undertaken by local authorities .... .... .... 113,000 * Total cost to State ... .... .... .... £510,000 Legislation enabling local authorities to raise unemployment loans without a poll extended. Provision extended in respect of subsidies on wages and on voluntary contributions for approved relief works. Rural intermediate credit— Organization now' in full operation. Intermediate credit associations formed and District Boards set up ; the system proving of great benefit to farmers generally. Many reforms introduced in last few years to promote economy in administration. Administration expenses decreased by ,£90,000 last year. £ s. d. Revenue from taxation per head of population .... .... 11 8 5 Charges on taxpayer per head of population — War pensions and war-debt charges.... .... .... 3 7 10 Social services .... .... .... .... .... 4 2 8 All other charges .... .... .... .... 3 17 11 Total .... .... .... .... .... £11 8 5 ESTIMATES FOR 1928-29. Consolidated Fund — Ordinary Revenue Account — £ Estimated revenue .... .... .... .... 23,868,250 Estimated expenditure .... .... .... .... 23,608,104 Available for supplementary estimates and contingencies .... £260,146 £ Estimated Customs revenue .... .... .... .... 8,261,000 Estimated stamp and death duties .... .... .... .... 3,500,000 Estimated land and income tax .... .... .... .... 4,550,000

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