A (1) 2
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Decreases in Pensions ($79,000), Public Debt ($200,400), and in nearly all Departments were chiefly due to the rising exchange while another factor was the absence of a large part of the staff, their salaries being charged to War Expenditure under Miscellaneous Services.
5. The revenue for the year exceeded the expenditure by a sum of $967,277; with the result that the surplus balance increased to $3,268,061.
6. The following statement shows the Liabilities and Assets on the 31st December, 1917 :-
LIABILITIES.
$ C. $ C. Deposits not Available 890,283.91 Subsidiary Coins Advances 1,345,884.11 580,615.36 Postal Agencies... 7,909.65 Imprest 489.55 House Service Account Crown Agents' Deposit Account... 1,961.94 953,239.44 Total Liabilities... 898,193.56 Unallocated Stores, (P.W.D.) 129,360.85 Balance... 3,268,061.82 Unallocated Stores, (Railway) 155,182.10 Coal Account 372,079.35 Investment Account. 120,000.00 Suspense Account 217.83 Balance, Bank 493,446.17 Crown Agents 13,778.68 Total....$4,166,255.38 Total......$4,166,255.387. The following table shows the Revenue and Expenditure during the last five years:-
Revenue,.. Expenditure, Surplus, Deficit, 1913. $13,833,386 $11,079,914 $2,753,472 1914. 15,058,105 14,090,828 967,277 1915. 8,658,013 8,512,309 145,704 1916. 10,756,225 11,007,273 251,048 1917. 15,149,268 11,786,107 3,363,161PUBLIC DEBT.
8. The Inscribed Stock Loans of 1893 and 1906 amount to £1,485,732 and the Sinking Fund now stands at £258,162 being £24,378 more than the amount at credit of that fund at the end of 1916.
The local Loan (under Ordinance No. 12 of 1916) stands at $3,000,000 with a Sinking Fund of $200,000,