CO129-519-2 Estimates for 1930 19-9-1929 - 19-9-1929 — Page 11

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 $183,854 short of the revised estimates.

The following statement shows the Revenue and Expenditure for each of the years of the last decade:

Year.

Revenue.

Expendi-

ture.

Surplus.

Deficit.

$3

$

$

$

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

2,516,788

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

499,471

1928...... 24,968,399 21,250,242

3,738,157

1929...... 23,554,475 21,983,257 1,571,218

1930..... 27,818,473 28,119,646

301.173

REVENUE.

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.