PUBLIC WORKS

Ashburton Guardian, Volume 61, Issue 253, 7 August 1941, Page 8

PUBLIC WORKS

LOAN OF £5,508,000 INTENDED. THE SOURCES OF REVENUE. WELLINGTON. August 6. Expenditure under the control of the Minister for Public Works during 1941-42 will total £9,178,675, and or that total £5,508,300 will be raised by loans. These details are set (nit in the annual statement of the Minister (the Hon. H. T. Armstrong), presented to the House of Representatives today. The largest item eoverecHn the summary of votes is £2,957,375 tor electric supply development. Tnc Minister stated:—< “The estimated net expenditure under the general purposes account for the current financial year is £5,042,300, and arrangements are (icing made with the Minister for Finance to provide the necessary funds. This is the amount shown on the public works estimates, which also show an estimated net expenditure of £2,957,375 fi*om the electric supply account and £2,742,000 from tire main highways account, a. total for all these accounts of £10,741,875.” The statement gives the following summary of votes under the control of the Minister for Public Works and proposed ways and means of raising the necessary, funds for the year ending March 31, 1942: Other

* From special revenue. tFrom Consolidated Fund. For tire current financial year, 194142, a sum of £600,600 will be provided from the Consolidated Fund lor expenditure on maintenance of public works and services, including £IOO,OOO for housing workmen engaged on farm production. The expenditure ou main highways (including permanent appropriations estimated at £307,800) is estimated to reach £3,050,000, ol which a sum totalling £2,100,000 is expected to be raised by way. of special revenue. It is anticipated that the revenue from the supply of electrical energy will reach a sum of £2,288,000, which will be utilised for the payment of arrears of sinking-gund instalments, interest, operating expenses, and income tax, etc. The proposed expenditure from loan moneys and revenue for votes comprised in the Public Works Fund coming under the control of other Ministers of the 'Crown is set out hereunder : Other

Totals ... 2,163,200 3,151,800 *From special revenue. tFrom Consolidated Fund.

Vote. Loans. £ Sources. Departmental ... 200.000 — Railway construction ... 607,100 — Public buildings 900,000 — Lighthouses and harbour works Development ot‘ 60,000 — tourist resorts 20.000 — Roads 060,000 . — Land improvement ... 200,000 — Irrigation 662,000 ■ — Electric supply . .1,9.87,000 970,375* Main highways ... 612,200 2,100,000* Maintenance of public works and services . — 600,000+ Totals 6,608.800 3,670,375

Vote. Loans. £ Sources. Railway improvements and additions t'o open lines (Minister # 1,800,000'* for Railways) . Education buildings (Minister 150,000 for Education) Telegraph extension (Postmas.500,000 ter-General) ... 275,000 — Small farms development (Min287,800* ister for Lands) 38S,200 Native land settlement (Minister for Native 425.000* Affairs) 250,000 Ditto 270,000+ Linen-flax development (Minister for Industries and Commerce) 000,000 300,000*