B.—2a

12

Memoeandum. Otago North District Public Works Advances Account, now due to Public Works Advance Account ... ... ... ... ... ... ... 51,791 0 O

Some of the Chief Items foe which Loan is eeqtjibed. Public Works —amount to be raised on account of current year ... . 1,461.-147 0 0 Treasury Bills to be converted ... ... ... ... ... ... 832,000 0 0 Debt due to Public Works Account by Consolidated Fund ... ... ... 300,000 0 O Imperial Guaranteed Debentures to be redeemed ... ... ... ... 800,000 0 O Provincial Liabilities

By Authority : G-eobcie Didsbuet, G-overnmont Printer, Wellington.—lB77. Price 9d.l

Table No. 1. ESTIMATE OF REVENUE AND EXPENDITURE FOR CURRENT FINANCIAL TEAR. Revenue. £ s. d. £ s. d. Surplus Consolidated Revenue, 30th June, 1877 ... ... . ... ... 148,220 0 0 Consolidated Revenue ... ... ... ... ... ... ... 2,263,160 0 0 Gold Revenue ... ... ... ... ... ... ... 72,000 0 0 Land sales, balance 30th June, 1877 ... ... ... 115,646 0 0 current ... ... ... ... ... 1,100,000 0 0 , 1,215,646 0 0 Deficiency ... ... ... ... ... ... ... 711,212 0 0 £4,410,238 0 0 Expendituee. £ s. d. £ s. d. Consolidated Fund ... ... ... ... ... ... ... 2,394,546 0 0 Gold Revenue ... ... ... ... ... ... ... 72,000 0 0 Land Fund, fixed charges... ... ... ... ... ... ... 643,208 0 0 „ amount distributable to Counties and Road Boards ... ... 533,663 0 0 Supplementary Estimates. Consolidated Fund ... ... "... ... ... 112,910 0 0 Land Fund ... ... ... ... ... 38,775 0 0 151,685 0 0 Provincial Liabilities Estimate. Overdrafts to 30th June, 1877 ... ... ... ... 106,269 0 0 Provincial liabilities ... ... ... ... 554,755 0 0 661,024 0 0 Less balance of Loan, 30th June, 1877 ... ... 45,888 0 0 615,136 0 0 £4,410,238 0 0

Table No. 2. Statement showing Excess of Expendituee otee Revenue. £ s. d. istimated daily expenditure in excess of estimated revenue ... ... ... 1,926 Thus— 0 0 Expenditure Consolidated Fund ... ... £2,394,546 0 0 Supplementary Estimates ... ... 112,910 0 0 Provincial Liabilities ... ... ... 661,024 0 0 £3,168,480 0 0 Daily rate 8,658 0 0 Revenue Consolidated Fund ... ... £2,263,160 0 0 148,220 0 0 45,888 0 0 £2,457,268 0 0 Daily rate 6,732 0 0 £1,926 0 0