--- 90 ---- 3 - Accounts 1911 The final accounts have not yet been presented, but ordinary revenue is estimated to have increased by £145,000 M.G.

The expected result will be as follows: Expected Result Budgeted Estimate Increase Revenue Expenditure £ M.G. £ M.G. 1000 1000 1000 16949 10199 145000 Increase The increase in revenue over expenditure of £145,000 M.G. above what was estimated when the budget was drawn up is cause for satisfaction and contentment. Revenue has increased by £110,900 M.G. above what was estimated and by £133,900 M.G. over the revenue of 1910. This satisfactory increase arose from the improvement in trade and the resulting increase in revenue from the railway and posts.