Papua's Improved Finances.
p. 82 · Read in the full issue
From Our Own Correspondent
Pt. Moresby, Feb. 2.
TOTAL revenue for the six months to Decem ber 31 was £93,560, an increase of £23,- 538 over 1936, after allowing for the amount previously included in the grant to rubber growers. The principal increases were in the Sale of Stamps (£18,738) and Customs and Excise Duties (£7,908). Mining receipts showed a decrease of £2,631.
Expenditure at £75,888 showed a rise of £6,671, the increases being shared by all de partments. The largest increase was in the Government Secretary’s Department—£3,222.
Revenue shows a credit balance of £18,838, compared with £1,069, at the end of 1936. The Public Debt of the Territory stands at £58,- 997 —due to the Commonwealth Government for Public Works loans.