FINANCE
429
The number of income-tax payers in 1918-19 was 43,280, and of land tax payers 53,484. The postal and telegraph receipts in 1919-20 were 2,09o
Receipts, 1919-20, from rents of pastoral runs, fcc, 331,597/.
The following expenditure table is exclusive of sums i>aid to the Public Works Fund : —
Year ended Much 31
1914
1916 1917 191h 1919 1920
Public
Debt
OkhgH
£ t,Mr,M0
3,190,798
4,430,779
Railways Education
£
1.004,10
M64.008
1,891,977
Mot.om
3,415,595
MttiW
Poet and Constabulary «_5jjL- Telegraph and Defence (in $££f
£ 1,206,678 1,441,398 1,525.106
1,737,036
2,190,6*7
1,308,490 1,487,145
£ 700,6041
ru.on i
761,328
835,014
£ ll,00M*4
14,058,770
18.678,59V 23,781,524
1 Not including special war expenditure.
Estimates 1920-21 : Revenue, 27,712,7007. ; expenditure, 28.953.399Z.
The total expenditure out of the Public Works Fund from 1870 to March 31, 1920, was 71,584,047/., including charges and expenses for raising loans.
The average taxation per head of the population, excluding Maoris, in 1919-20 was 14/. 2*. 9d.
The public debt at March 31, 1920, was : debentures and stock, 201,170,755/. ; of which war expenditure (1914-19) represented 80,089,025/. Much of the total debt represents reproductive expenditure.
Local Finance.
The following table shows receipts and expenditure of the loca. governing bodies : —
Receipts
Outstanding
Tear ended
Expenditure
Loan* (Gross)
March 31
From Rate*
Prom other Sources
(not Government loans)
£
£
£
£
1914
2,005,638
5,130,687
6,796,314
18,923,482
1916
2,355,155
5,436,920
6,920,736
20,754,168
1917
2,534,539
4,655,364
-.593
21,428,117
1918
2,674,541
4,533,796
7,103,073
22,260,537
1919
2,939,606
4,394,851
7,320,277
22,673,712
The following figures for 1909 and 1919 deal with the land:
Total
Increase, 1909 to 1919.
1909
1019
Amount
Rate ix
£
£
£
cent.
Unimproved valne .
. 172,759,948
275,988,409
103.22S.461
Tains of improvements .
98,756,074
169,o,
71 -63
271,516,022 445,533,445 174,017,423 64-09
