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THE STATES assembled on Wednesday, 30th November, 1983 at 10.15 a.m. under the Presidency of the Bailiff , Sir Frank Ereaut.
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All members were present with the exception of –
Senator Richard Joseph Shenton – absent.
Senator Anne Baal – out of the Island.
Senator John Stephen Rothwell – out of the Island. Jack Roche, Deputy of St. Saviour – out of the Island.
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Prayers read by Greffier. _____
Budget 1984 – continued.
THE STATES continued their discussion of the Budget for the financial year commencing 1st January, 1984 and continued consideration of the estimates of Capital Expenditure recommended by the Finance and Economics Committee on pages 62, 63 and 64 of the Budget and –
The estimate of the capital expenditure of the Public Works Committee appearing on page 62 of the Budget was allowed.
The estimate of the capital expenditure of the Education Committee appearing on page 62 of the Budget was allowed.
The estimate of the capital expenditure of the Public Health Committee appearing on page 62 of the Budget was allowed.
The estimate of the capital expenditure of the Resources Recovery Board appearing on page 63 of the Budget was allowed.
The estimate of the capital expenditure of the Tourism Committee appearing on page 63 of the Budget was allowed.
The estimate of the capital expenditure of the Island Development Committee appearing on page 63 of the Budget was allowed.
307 Price : 35p.
The estimate of the capital expenditure of the Housing Committee appearing on page 63 of the Budget was allowed.
The estimate of the capital expenditure of the Fort Regent Development Committee appearing on page 63 of the Budget was allowed.
The estimate of the capital expenditure of the Harbours and Airport Committee – La Collette Reclamation Scheme appearing on page 63 of the Budget was allowed.
TRADING COMMITTEES.
The estimate of the capital expenditure of the Harbours and Airport Committee appearing on page 64 of the Budget was allowed.
The estimate of the capital expenditure of the Telecommunications Board appearing on page 64 of the Budget was allowed.
THE STATES having terminated the discussion on the capital estimates noted that the amount to be voted from the Capital Fund was £15,471,500.
THE STATES considered the estimates of income to be produced from taxation appearing on page 67 of the Budget and agreed the estimate as follows –
£ Impôt on Spirits 3,500,000
" " Wines 1,500,000
" " Tobacco 2,200,000
" " Beer 950,000
" " Motor fuel 1,550,000
" " Goods imported into the Island 650,000 (Tariff)
10,350,000 Income Tax and Corporation Tax 70,400,000 Motor Tax 960,000 £81,710,000
THE STATES adopted in Second Reading a Bill to continue certain expiring fiscal laws; to prescribe the standard rate of income tax for the year nineteen hundred and eighty-four; and to amend the law relating to income tax in relation to certain savings banks and personal allowances and reliefs.
The said Bill was lodged "au Greffe".
THE STATES, in pursuance of Article 25 of the Public Finances (Administration) (Jersey) Law, 1967, have declared that the Bill to continue certain expiring fiscal laws; to prescribe the standard rate of income tax for the year nineteen hundred and eighty-four; and to amend the law relating to income tax in relation to certain savings banks and personal allowances and reliefs (which has this day been lodged "au Greffe") shall immediately have effect as if it were a law passed by the States and sanctioned by Her Majesty in Council.
THE STATES having terminated the discussion on the Budget agreed the Summary of the Estimated Income and Revenue Expenditure for 1984 appearing on page 69 of the Budget as follows –
INCOME
Committees Taxation
DEDUCT
Revenue Expenditure General Reserve
Accumulated Reserve
£ 62,666,500 81,710,000
144,376,500
£
126,041,150
5,730,000
2,000,000 133,771,150
Balance of Income over Revenue
Expenditure and transfers to Reserves 10,605,350
Estimated Balance in hand at 31st
December, 1983 3,164,850 Balance to be transferred to Capital Fund £13,770,200
THE STATES further agreed the estimated transactions of the Capital Fund for 1984 as follows –
£
Balance brought forward 9,319,400 Capital repayments 5,370,000
Estimated balance on Revenue Account
(as above) 13,770,200 28,459,600
Capital Expenditure 15,471,500
Estimated balance in hand
at 31st December, 1984 £12,988,100
THE STATES rose at 12.45 p.m.
E.J.M. POTTER, Greffier of the States.