CO129-541-2 Estimates 1931 14-10-1932 - 19-7-1934 — Page 3

3

=

mates are based on $ ls. 2d., and on this

basis these duties are estimated to yield.

$5,900,000. The present rate of exchange is

1s. 2d. may turn out to

about 1s. 4 d.

$

=

be as conservative an estimate of the average

rate of exchange for 1933 as 1s/- has turned

out to be for 1932.

Figures of revenue and expenditure

for the past few years are as follows:

Revenue.

$

Expenditure.

$

1929

23,554,475 21,783,256

1930

27,818,474 28,119,646

1931

33,146,716 31,160,774

1932 Approved

33,991,510

34,981,661

estimate.

Revised

33,152,672

32,687,500

estimate.

1933 Estimated

34,002,575 35,199,247

Surplus of Assets over Liabilities.

31.12.29

30

31

7,667,852

7,361,679

11,347,629

11,812,803

32 Estimated.

33 Estimated.

10,616, 131

In 1931 a surplus of nearly $2,000,000 was realised on the year's working, though a deficit of over $2,000,000 had originally been.

anticipated in the approved estimates, and only

a small balance was anticipated when the revised

estimate was prepared.

The anticipated deficit of nearly $1,000,000

in the approved estimates for 1932 is now re-

placed