III
PUBLIC FINANCE AND TAXATION
The Revenue and Expenditure figures since 1st May, 1946, are as follows:----
Revenue Expenditure Surplus Deficit
$
$
$
$
1946/47 (11 months) 82,141,556
85,624,391
3,482,835
1947/48
1948/49
164,298,310 127,701,174 36,597,136 194,933,955 159,954,023 34,979,932
1949/50
264,250,543 182,121,726 82,128,817
1950/51
1951/52
291,728,416 251,684,523 40,043,893 308,564,248 275,855,951 32,708,297
1952/53 (Estimate) 290,762,200 288,673,012
2,089,188
The cumulative surplus at 31st March, 1952, amounted to $221,975,240.
It is anticipated, on present indications, that the actual surplus for 1952/53, will be well in excess of the estimated figure given above.
Revenue
The principal revenue items for 1950/51 and 1951/52 in round figures were :—
1950/51
1951/52
(a) Duties on Liquor, Hydrocarbon Oils, Tobacco, Proprietary Medicines, etc.
71,653,000
77,641,000
27,253,000
30,075,000
(b) Rates (Assessed Taxes) (c) Internal Revenue, including Entertainment Tax, Estate Duty, Stamp Duties, Meals and Liquor Tax, Betting and Sweeps Tax, Earnings and Profits Tax and Dance Hall Tax
45
85,552,000
99,895,000