Appendix A (1)
REPORT ON THE FINANCE FOR THE YEAR 1930.
The Revenue for the year amounted to $27,818,473 and the Expenditure was $28,119,646. Expenditure therefore exceeded revenue by $301,173. The approved estimated revenue for the year was $22,712,920 while the revised figure was $24,066,000, an increase of $1,353,080. The actual revenue therefore exceeded the revised estimate by $3,752,473. The approved estimate of expenditure for the year was shown as $27,268,515 and the revised estimate amounted to $28,303,500. The actual expenditure was $188,854 short of the revised estimates.
The following statement shows the Revenue and Expenditure for each of the years of the last decade:-
Year. Revenue. Expenditure. Surplus. Deficit. 1921 $17,728,132 $15,739,652 $1,988,480 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 $2,516,783 1925 $23,244,366 $28,266,818 $5,022,452 1926 $21,131,582 $23,524,716 $2,393,134 1927 $21,844,586 $20,845,065 $999,521 1928 $24,968,399 $21,230,242 $3,738,157 1929 $23,554,475 $21,983,257 $1,571,218 1930 $27,818,473 $28,119,646 $301,173REVENUE.
The largest individual item of revenue is derived from the assessment tax, the sum of $4,208,277 being collected in 1930. This represents 15.1% of the total revenue or 16.8% of the revenue exclusive of land sales. Stamp duties (including estate duties) follow with $2,910,508.