War-time financial problems

COMPARATIVE FIGURES

107

Year ending
Mar. 31, 1917.

70,561,000
56,380,000
31,232,000

7,878,000
640,000

1,940,000

Increase.
700*000

Decrease.

£

— 17,608,000

442,000
422,000
25,000

20,000

205,033,000 34,476,000

Year ending
Mar. 31, 1918.

Customs . , . . 71,261,000

Excise . . . .. . 38,772,000

Estate, etc.. Duties . 31,674,000

Stamps..... 8,300,000

Land Tax .... 665,000
House Duty. . . . 1,960,000
Income Tax and Super-
Tax ..... 239*509,000

Excess Profits Duties,

etc. ..... 220,214,000

Land Value Duties . 685,000

Postal Service . . . 35,300,000

Crown Lands . , , 690,000

Sundry Loans, etc. . 6,056,250

Miscellaneous . . . 52,14.8,3,15

707,234.565

A more interesting comparison perhaps is to
take the actual receipts during the past financial
year and compare them, not with the former year,
but with the estimates of the expected yield of the
various items. In this case we get the following
comparisons:—

139,920,000 521,000 34,100,000 650,000 8,055,817 16,516,765
80,294,000 164,000 —
1,200,000 — -
4.0,000 — — 1,999,567 35,631,550 —

573>427,582 i53.4-i4.55o, 19,607,567
£133,806,983 Net Increase;

Customs

Excise .

Estate Duties

Stamps

Land Tax and House

Duty . . .
Income Tax and

Super Tax .
Excess Profits Tax
Land Value Duties
Postal Services
Crown Lands .
Sundry Loans, etc.
Miscellaneous . .

Actual.

71,261,000

38,772,000

31,674,000

8,300,000

2,625,000

Estimated.

£
70,750,000

34»95°»000

29,000,000

8,000,000

Difference,

•4- 511,000

4- 3,822,000
4- 2,674,000

4- 300,000

2,600,000 4" 25,000

239,509,000
220,214,000
685,000
35,300,000
690,000
6,056,000
52,148,000

224,000,000

200,000,000

400,000

33,700,000

600,000

7,500,000

27,100,000

+15,509,000

-J-2O,2I4,O06"

+ 285,000

4- 1,600,000
4- 90,000

4- t,.444,000
+25,048,000

Certainly, the country is entitled to congratulate
itself on this tremendous evidence of elasticity of