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VOTE 4.-CYPRUS (GRANT IN Aid)—continued.
EXPLANATORY Notes on Actual Receipts and Expenditure for Year ending
31 March 1906.
RECEIPTS. A.-Customs, Port and Harbour Dues. — The large increase of 10,7491. 188. 3c.p. over amount estimated is due to the general prosperity after continued good harvests resulting in a great stimulation of imports.
B.—T'ithes.— The estimate, 55,300l., based on a five years' average, was actually exceeded by 16,7241. 178. 3c.p. Of this excess, 15,2201. 168. 2c.p. or 91 per cent., was derived from the cereal tithe, and 9 per cent. or 15041. 18. 1c.p. from Carobs and other minor produce tithed on exportation. The harvest was above the average, and prices of grain were unusually high.
C. D.-Sheep and Goat and Pig Taxes.— With the good harvests and favourable seasons the locks have increased.
E.-Defter Hakani.- The estimate,.8,0001., was based on an average of five years, and was exceeded by 1,0271. 9s. Sc.p, showing a well-maintained increase of work in the Land Registry Department.
F.-Excise: – The excess, 3,2271. 108. 1c.p. over estimated receipts is due as regards 2,6411. 108. 3c.p., to an increase in Tobacco duties, a significant fact as testifying to the general prosperity. The Spirit consumption duty did not realise the estimate by some 4191. The balance of the increase is spread over all other items of Excise.
G.-- Railway.-When the original estimate, 4,2501., was made, it was hoped the line from Famagusta to Nicosia would be open for traffic at an earlier date than October.
H.-Rent and Royalties. Most of the excess over the amount estimated for is due to Royalties on Gypsum, the export of which to Egypt has rapidly developed and may be expected to increase.
I.-Interest on Government Moneys. - The 1,6941. 178. 5c.p. received over the estimated amount of 1,0001. is due to (1) the carrying to Revenue of the credit balance of the Interest Advance Account; and (2) to the profits earned under the new agreement with the Bank enabling us to make freer and more effective use of our cash balances.
J.- Irrigation. In addition to the 3671. 78. 7c.p. received as direct Revenue under this head we may add a sum of 461l. 108. 8c.p. as indirect and included in Tithes.
EXPENDITURE. 1.-Printing Office. The excess of 231. -8. 3c.p. is due to the increase in the pay of the Superintendent C.O. desp. No. 59 of 21 March 1905.)
2.- Treasury.—This excess, 1,3311. 158. 1c.p. was unavoidable, and solely due to the abundant harvest necessitating increased expenditure on the assessment and collection of tithes. There was an excess on the item Guarding and Transport of Salt," covered, however, by a corresponding increase in receipts from sales.
3.- Prisons.—The saving of 8241. 158. 3c.p. is caused by the grant for Industrial School not being expended, a saving on food for Prisoners, and a further saving on Personal Emoluments.
- Medical.-- The excess of 3377. 148. 8c.p. over the estimate is due to the debit balance of the Quarantine Fund, 331l. 68. 2c.p., being charged to this Vote under authority of C.O.D. 216 of 13 October 1905.
The Fund is now closed and provision in future will be made by votes on the Estimates.
5.- Post Office. —The saving, 2361. 188., arises from discontinuance in December of the subsidised Foreign Mail Service, and savings on conveyance of Local and Foreign Mails.
6.- Railway.-The estimate, 10,0001., for expenditure was made on the presumption that the line would be working the whole year : it was formally opened, however, in October 1905.
7.-Public Works Extraordinary. The excess, 5,0271. 198. 2c.p., is caused by an unestimated charge of 5,1021. 48., representing a repayment to Public Works Loan Fund of liabilities of Government on account of outstanding loans, and was authorised by C.O. telegram of 16 March 1906.
STATEMENT of ASSETS and LIABILITIES on the 31st March 1906.
ORPHANY' TRUST FUND-
Stock at 111
145,893 15 1
£. 145,893 15 1 (a) Of this amount it is estimated that 1,500l. may be regarded as recoverable. (6) Of this amount it is estimated that 2,5001. may be regarded as recoverable.
G. Smith, Acting Receiver General.