D.—l.

WAYS AND MEANS. At the 31st March, 1908, the available balance of ways and means for public-works purposes was ... ... ... ... £152,563 and further funds were received as under :— Balance of £1,000,000 raised under the Loan Act of 1907 ... 191,800 Amount raised under the similar Act of 1908 ... ... 1,200,000 Amount received under the Post and Telegraph Act, 1908 ... 200,000 Premiums received on sales and renewals of debentures ... 4,704 Provision for debentures maturing ... ... ... 7,590 Transferred from revenue ... ... ... ... 800,000 Miscellaneous receipts ... ... ... ... 1,610 Making a gross total of ... ... ... £2,558,267 The ordinary expenditure of the year amounted to £2,169,278, and charges and expenses in connection with financing amounted to £5,280, thus bringing the total disbursements up to .£2,174,558, leaving a credit balance at the end of the year of £383,709. For the current year it is proposed to provide additional funds as under: — £ Balance of 1908 loan ... ... ... ... 50,000 New loan of 1909 ... ... ... ... ... 2,250,000 This, with the balance brought forward, will give a total of £2,683,709. The estimated expenditure for public works for the current year (excluding separate accounts having their own ways and means) amounts to £2,190,624, thus leaving a balance of £493,085 to be carried forward to next year.

ii

the 31st March, 1909; (c) the gross total expenditure to the 31st March, 1909; and (d) the expenditure for the late financial year :—

Expenditure. Class of Work. A Total to 31st December, 1890. b ' c 1st January, Total to 1891, to 31st 31st March, March, 1909. 1909. D Year ended 31st March, 1909. Eailways— New construction (including extension from State Colliery, near Greymouth) Additions to open lines Eoads Public buildings Immigration Purchase of Native lands Lighthouses, harbour-works, and harbour defences Tourist and health resorts Telegraph-extension ... Development of goldfields Defence-works (general) Departmental Payment to Midland Eailway bondholders Lands improvement ... Minor works and services Cost 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 £ 7,004,866 5,803,312 4,755,212 2,314,115 57,402 846,710 163,642 £ 18,979,964 7,895,314* 8,331,016 4,090,118 2,201,788 2,037,847 1,043,737 £ 751,496 l,545,023t 469,548 285,521 15,077 2,099 19,217 600,849 561,101 429,720 349,789 182,853 1,041,920 258,415 469,214 243,108 150,000 44,117 20,266 214,745 182,853 1,642,769 819,516 898,934 592,897 150,000 44,117 320,955 1,236,217 24,286 163,033 32,859 10,766 24,512 300,689 1,021,472 19,542 27 575 Totals ... 26,898,145 23,569,897 50,468,042 3,363,581 * Expenditure in connection with new Hutt Railway purchase, and excluding expenditure on load (£38,775) not included. iew Hutt Road. f Including Welli: igton-Manawatu