[?]Amoa’S Prosperity
p. 149 · Read in the full issue
[?]rade Balance of £626,000
From Our Own Correspondent APIA, March, 20.
Before it dissolved for the next lections (due April 13) the Western amoan Legislative Assembly re vived its annual financial state lent: Ordinary revenue in 1953 was 129,120, while payments were 1,054,320, of which £211,390 was illed capital development. Recur ng charges at £600,000 showed an icrease over 19S|2 of £55,000. £58,000 as added to the salaries bill, main r to meet the higher cost of living.
Deposits in the Post Office Sav igs Bank increased by £37,600 to 143,760.
The favourable trade balance counted to £626,000, a record, gainst 1952. imports decreased by 175.000 to £1,312,700. Exports in cased by £175,000 to £7,938,500.
Cocoa exports (a record) were 743 tons, valued at £930,890. anana exports (a record) were >2,580 cases, worth £262,350.
Copra exports, at 11,185, were le lowest since 1944 —though a lipment of 2,900 tons on the last ly of 1952 created an export cord for that year, to the detri ent of 1953.
The Government’s estimated re lipts for 1954 are £966,000, and lyments £1,j135,700 (£277,000 "or ipital Development and £862,700 current charges).
The following amounts will also ) spent from grants by the NZ overnment, from profits of the NZ Estates: Rhinoceros jetle eradication campaign £5,000; imoa College £9,200; Health de irtment £24,200; housing projects 5,060; a total of £63,400. Some 6.000 is granted for scholarships New Zealand.