- A (1) 2 -
1917. Public Works Recurrent accounted for an extra sum of $103,975 while Judicial and Legal Departments exceeded by $130,447 on account of extra legal expenses.
Decrease in Pensions ($106,228), Public Debt ($266,762), 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 $2,113,077; with the result that the surplus balance increased to $5,681,138.
6. The following statement shows the Liabilities and Assets on the 31st December, 1918:-
Postal Agencies,.......... 1,587.52 LIABILITIES. $ C. ASSETS. $. C. Deposits not Available, 892,198.55 Subsidiary Coins, 1,000.00 Advances, 1,008,321.73 Crown Agents' Drafts, 893,634.93 Shipping Control A/c., 536.75 Imprest, 5,465.92 House Service A/c., 3,788,351.54 Crown Agents' Deposit Account...... 161,348.18 Unallocated Stores, (P. W. D.), 1,338,203.64 Total Liabilities,... 2,232,989.71 Unallocated Stores, (Railway), 179,495.47 Coal Account, 763,089.03 Balance, 5,681,138.36 Investment Account, 120,000.00 Suspense Account,.. 622.63 Balance, Bank 959,962.67 Crown Agents' Current Account,... 32,299.22 Total...... $7,914,128.07 Total,......$ 7,914,128.077. The following table shows the Revenue and Expenditure during the last five years:
1914. 1915. 1916. 1917. 1918. Revenue, $ 11,007,273 $ 11,786,107 $ 13,833,386 $ 15,058,105 $ 18,665,248 Expenditure, $ 10,756,225 $ 15,149,268 $ 11,079,914 $ 14,090,828 $ 16,252,172 Surplus, $ 251,048 $ 2,753,472 $ 967,277 $ 2,413,076 Deficit, $ 3,363,161