162
Estimate 1959/60
Revised estimate 1958/59
HEAD 2 RATES
$79,010,000
74,160,000
Approved estimate 1958/59
Actual revenue 1957/58
70,070,000
65,159,092
Continued building development resulted in more properties being assessed to Rates and con- sequently in an increase of $4,090,000 in the revised estimate for 1958/59. Further development is expected next year and the estimate for 1959/60 shows a further increase of $4,850,000 over the revised estimate of $74,160,000 for 1958/59.
Estimate 1959/60
Revised estimate 1958/59
HEAD 3— INTERNAL REVENUE
$187,200,000
191,860,000
164,000,000
184,892,242
Approved estimate 1958/59
Actual revenue 1957/58
The revised estimate for 1958/59 shows an increase of $27,860,000 over the approved estimate. Earnings and Profits Tax accounts for $20,000,000 of the increase; Bets and Sweeps Tax for $1,300,000; Estate Duty for $2,500,000; Dance Halls Tax for $160,000; Entertainment Tax for $900,000 and Stamp Duty for $3,000,000. The estimate for 1959/60 shows a total of $187,200,000, i.e. $23,200,000 over the approved estimate for 1958/59 but $4,660,000 below the revised estimates. This decrease is wholly due to the reduction of the fee for business registration.
HEAD 4 FINES, FORFEITURES & LICENCES
Estimate 1959/60
Revised estimate 1958/59
Approved estimate 1958/59
Actual revenue 1957/58
$20,258,500
20,296,400
19,255,200
20,826,097
The revised estimate for 1958/59 shows an increase of $1,041,200 over the approved estimate. This is mainly attributable to Forfeitures being up by $708,700 and to Wireless Licences by $140,000. Following the abolition of the duty on proprietary medicines and toilet preparations, licences for dealing in these commodities will no longer be required and this item has accordingly been deleted.
HEAD 5 FEES OF COURT OR OFFICE
Estimate 1959/60
Revised estimate 1958/59
Approved estimate 1958/59
Actual revenue 1957/58
$73,705,800
78,283,170
65,344,200
74,298,362
The revised estimate for 1958/59 shows an increase of $12,938,970 over the approved estimate.
The increase is made up as follow:-
A-Fees: up by $565,900 B-Receipts: up by $10,615,200
C-Reimbursements: up by $649,000
D-Sales: up by $2,150,100
due to increase in sales of sand.
E-Contributions: down by $1,041,230
HEAD 6 - WATER REVENUE
Estimate 1959/60
Revised estimate 1958/59
Approved estimate 1958/59
Actual revenue 1957/58
$14,863,000
14,813,000
14,711,500
12,583,521
The revised estimate for 1958/59 shows an increase of $101,500 over the approved estimate. A further slight increase is expected in 1959/60.