D.—l.

TOTAL EXPENDITURE. The following table shows, as regards each class of work, (a) the total expenditure from the inauguration of the public-works policy to the 31st December, 1890; (b) the similar expenditure between the Ist January, 1891, and the 31st March, 1907 ; (c) the gross total expenditure to the 31st March, 1907 ; and (d) the expenditure for the late financial year : —

The last total in the above statement is less by £5,174 than the total expenditure for the year previously mentioned. This is accounted for by a recovery of that amount having been brought to book, as shown in the table, under the heading of " Cost and discount, raising loans." WAYS AND MEANS. At the 31st March, 1906, the available balance of ways and means for publicworks purposes was £492,298, and further funds were received as under : — £ Balance of £1,000,000 raised under the Loan Act of 1905 ... 182,086 Amount raised under the similar Ace of 1906 ... ... ... 943,600 Premiums received on sales and renewals of debentures ... ... 15,834 Transferred from revenue ... ... ... ... ... 775,000 Miscellaneous receipts ... ... ... ... ... 1,560 Making a gross total of ... ... ...£2,410,378 The ordinary expenditure of the year amounted to £2,040,319, and charges and expenses in connection with financing amounted to £10.659, thus bringing the total disbursements up to £2,050,978, leaving a credit balance at the end of the year of £359,400. For the current year it is proposed to provide additional funds as under:— £ Balance of 1906 loan ... ... ... ... ... 56,400 New loan of 1907 ... ... ... ... ... ... 1,000,000 Transfer from Consolidated Fund ... ... ... ... 800,000 This will give a total available ways and means of £2,215,800. The estimated expenditure for public works for the current year (excluding separate accounts having their own ways and means) amounts to £2,106,951, thus leaving a balance of £108,849 to be carried forward to next year.

II

Expe: iditure. Class of Work. A Total to 31st December, 1890. B 1st January, 1891, to 31st March, 1907. C Total to 31st March, 1907. D Year ended 31st March, 1907. Railways— New construction ... Additions to open lines 1 tilisation of water-power ioads 3 ublic buildings immigration Purchase of Native lands .lighthouses, harbour-works, and harbour defences Dourist and health resorts Megraph-extension ... development of goldfields defence-works (general) departmental Payment to Midland Eailway bondholders tlinor works and services jost and discount, raising loans, &c. £ 11,975,098 2,092,002 3,575,804 1,776,003 2,144,386 1,191,137 880,095 £ 7,615,905 1,436,453 8,033 3,961,922 1,802,559 33,195 842,421 137,562 £ 19,591,003 3,528,455 8,033 7,537,726 3,578,562 2,177,581 2,033,558 1,017,657 £ 919,730 308,150 4,664 347,470 227,025 14,353 9,135 4,504 600,849 561,101 429,720 349,789 113,520 723,395 216,924 439,874 200,378 150,000 26,068 222,656 113,520 1,324,244 778,025 869,594 550,167 150,000 326,757 1,244,128 42,272 114,068 11,064 14,874 16,710 300,689 1,021,472 6,300 Or. 5,174 Totals ... 26,898,145 17,930,865 44,829,010 2,035,145