9

B.—l

£143,161; and estimated in 1886-87, £240,524: or, for the three years, a total of £499,024, which, again I say, is the saving as compared with the loan charges of 1883-84. I should explain that the figures do not give the exact savings within each year, as there is a liability when conversions take place of broken periods of interests being carried forward to the following year. From 1884-85 £64,000 was thrown forward to the succeeding year; from 1885-86 £6,400 to the present year; and from this year about £45,000 to the next year. This sum of £45,000 is fairly deductible from the total saving of the three years which I have mentioned, and leaves a net saving of £454,024. I now give in a tabular form the proposed expenditure for the year opposite the estimated and actual expenditure last year. I should perhaps explain that the actual expenditure does not include unauthorized expenditure. It has not been the custom —why I know not—to give the unauthorized expenditure in connection with a comparison of the next year's expenditure; but, though I do not state it in the table, I have taken it into account in all the figures I h^ve given in which the expenditure of last year was concerned. Its amount was £9,239.

Summary of Services chargeable on the Consolidated Fund.

LAND FUND, 1886-87. The expenditure for the current year is estimated at £168,752. This includes the usual charges under special Acts, such as the thirds of the sales of land on deferred payments, New Plymouth Harbour Board Endowment, and other charges, also the Land and Survey Departments, and rates on Crown lands. The revenue for the year from land sales is estimated at £148,800. The recoveries which I have already explained it is proposed to make on account of Native rates, &c, will leave the fund about balanced at the end of the year. FUTUEE EEVENUE. The Customs revenue showed a deficiency on the estimate, as I have said, of £15,175. The estimate last year was a low one, amounting to about £19,000 only in excess of the actual receipts of the previous year. Honourable gentlemen 2—B. 1,

188, i-86. 188' i-87. Voted. Expended. £ £ £ Permanent Appropriations— Civil List Interest and Sinking Fund Under Special Acts of the Legislature 29,750 1,654,500 231,054 29,750 1,667,873 177,484 28,079 1,689,347 146,109 Annual Appropriations— Class I. —Legislative Class II.—Colonial Secretary ... Class III.—Colonial Treasurer ... Class IV. —Minister of Justice ... Class V. —Postmaster-General and Commissioner of Telegraphs ... Class VI. —Commissioner of Customs Class VII.—Commissioner of Stamps Class VIII.—Minister of Education Class IX.—Minister for Native Affairs ... Class X.—Minister of Mines ... Class XI.—Minister for Public Works Class XII.—Minister of Defence... 17,390 155,725 48,054 117,194 273,717 88,997 30,506 382,914 20,104 31,713 799,560 189,030 1,915,304 1,875,107 17,870 221,797 58,912 117,763 280,133 88,434 30,571 361,936 20,222 33,102 737,654 177,552 1,863,535 17,551 233,285 59,736 113,666 287,524 77,968 28,212 357,806 22,243 22,730 726,576 161,107 Total Expenditure on Ordinary Eevenue Account 2,154,904 2,145,946 2,108,404 4,070,208 4,021,053 3,971,939