Papua's Finances
p. 36 · Read in the full issue
From Our Own Correspondent
Pt. Moresby, May 1.
PAPUA is still balancing her budget— the Territory’s finances for the nine months ended March 31 show a credit balance of £8,928 Revenue figures for the period disclose a large increase over those of last year.
Customs receipts were up £6,763; and proceeds from the sale of produce grown on Govt. Stations were £1,269 higher.
Expenditure for the nine months totalled £128,039, a rise of £5,923. Chief
increase was in the Treasury Dept, due to purchases by the Govt. Stores branch.
Public Works expenditure was higher owing to plant bought for Pt. Moresby’s electricity supply. More money was spent on the Medical Dept.’s activities than last year.
The Trust Fund account at March 31 stood at £72,947, including £29,594 to the credit of the Native Taxation account.
Mr. C. Anthony, of the Lands Depart ment at Rabaul, recently returned to New Guinea with his wife and daughter after extended leave spent in NZ and Australia.