PART III.

PUBLIC FINANCE.

366 3-94 S

10.

II.

12.

13.

14.

Revenue and Expenditure compared, 1883-92 ..

...

271

272

Revenue and Expenditure of General Government, considered apart from Earnings
and Expenses of Services carried on by the State, 1883-92.
Actual Payments of each year, also Total Expenditure, irrespective of date of payments,
1883-92

Loans Account

Loans issued to 31st December, 1892, commencing from first Loan in 1842...

15.

278

Amounts authorised, sold, and redeemed, also Loan Expenditure, 1855-92 ...
Particulars of the floating of Loan 54 Vic., No. 33

282

...

...

...

...

283

20.

21.

Charges of Negotiation for Debentures, Inscribed Stock, &c., issued, 1881-1892
Rate of Interest Paid by Government, and yielded to Investors on Loan issues 1881-92...

286

...

287

PART III.—PUBLIC FINANCE.

No. 1.-CONSOLIDATED REVENUE FUND ACCOUNT, for year ending 31st December, 1892.

Position of Consolidated Revenue Account, on 31st December, 1892.

Cash Overdraft on 31st December, 1892
Payments during 1893 to 30th September of that year, on account of services of 1892
and previous years
Estimated Outstanding Liabilities of 1892 and previous years..
Less-

91,585

1,290,967

::

298,953

1,681,50

Advances repaid to 30th September, 1893, on account of 1892 and previous years
Advances to be recovered on account of services of 1892 and previous years

175,265

206,698

..

381,963

1,299,542

Estimated Deficiency of Consolidated Revenue Fund at close of the year 1892..

Public Accounts, 1893.-The position of the Consolidated Revenue Account at the close of the year 1893 is briefly explained as follows:-In addition to the estimated deficiency, £1,299,542, which accumulated during the period 1887-92, there was a liability of £1,902,884 on the Deficiency Debt of 1886 and previous years, which, added to the former figures, gives a total deficiency of £3,202,426 at the close of 1892. It is estimated that the accounts of 1893 will show an excess of payments over receipts amounting to £201,239, which, added to the Deficiency Debt of 1892 and previous years, gives an accumulated deficiency at the end of 1893 of £3,403,665, which it is proposed to liquidate by annual instalments of £200,000. It is expected that the actual deficiency for 1893 will be much less than that estimated (£201,239.)

Gross Income and Expenditure, 1887-92.

9,648,603 12 11 10,537,913 19 429,076 2 6 10,966,989 4 3

171,000 0 0 10,795,989 4 3

(The Consolidated Revenue Accounts were adjusted to 1886 by the issue of Treasury Bills to cover deficit.)

Cash Overdraft.-The Cash Overdraft at the end of 1892 was made up as follows:-For the deficiency of Revenue of 1836 and previous years, £2,052,884 (Treasury Bills); excess of expenditure on account of services 1887-92, £91,585.

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