Enclosure to.5.
351
REPORT ON THE FINANCE FOR THE YEAR 1931.
The Revenue for the year amounted to $33,146,724 and the Expenditure was $31,160,774. Revenue therefore exceeded Expenditure by $1,985,950. The approved estimated revenue. for the year was $27,488,759 while the revised figure was $31,204,368, an increase of $3,715,609. The actual revenue therefore exceeded the revised estimate by $1,942,356 of which $877,000 was due to Land Sales and $480,000 to the increased scale of Liquor and Tobacco Duties imposed in September. The approved estimate of expenditure for the year was shown as $29,787,855 and the revised estimate amounted to $31,152,500 or $8,274 below the actual expenditure.
2. The following statement shows the Revenue and Ex- penditure for each of the years of the last decade:
Year.
Revenue. Expendi-
ture.
Surplus.
Deficit.
$
$
$
1922...... 22,291,065 18,563,003 3,728,062
1923...... 24,783,763 21,571,905 3,211,858
$
1924...... 24,209,640 26,726,423
2,516,788
1925...... 23,244,366 28,266,818
5,022,452
1926...... 21,131,582 23,524,716
2,393,134
1927...... 21,344,536 20,845,065
1928...... 24,968,399 21,230,242
1929...... 23,554,475 21,983,257
499,471
3,738,157
1,571,218
1930...... 27,818,473 28,119,646
301,173
1931...... 33,146,724 31,160,774 1,985,950
REVENUE.
3. The largest individual item of revenue is derived from the assessment tax, the sum of $5,814,017 being collected in 1931. This represents 17.5% of the total revenue or 19.4% of the revenue exclusive of land sales. Stamp duties (including estate duties) follow with $3,679,088.
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