Healthy Finances In Fiji
p. 62 · Read in the full issue
IN his opening address to the Fiji Legis lative Council, on August 24, the Governor, Sir Alexander Grantham, said that the Colony’s financial position gave cause for satisfaction.
The Estimates for 1944 budgeted for a deficit of £102,600; in actual fact, there had been a surplus for that year of £124,600.
War expenditure for the same period amounted to £1.183,500 of which £402,600 was met from revenue: and the balance, less Recoveries, was being advanced by the Imperial Treasury.
At the end of 1944. the General Revenue balance stood at £902.000; the Emergency Reserve Fund and General Reserve Fund remained unaltered at £140,000 and £143,000 respectively.