D.—l

V

WAYS AND MEANS. On the Ist April, 19.21, the available ways and means for £ £ public-works purposes were .... .... .... .... 489,489 Additional funds were received as follows : — Under Finance Act, 1920, section 15 (public works) 500,000 Under Finance Act, 1921, section 10 .... ....2,673,111 Aid to Public Works and Land Settlement Act, 1921 2,155,290 Other receipts — (a.) Recoveries on account of expenditure of previous years .... .... .... 11,610 (b.) Special receipts in connection with the Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account .... 1,583 5,401,600 Thus making available for expenditure a gross total of .... .... .... .... i:5,891,089 The actual net expenditure on all works and services charge- £ £ able on the Public Works Fund for the year was — (a.) Under appropriations .... .... .... 5,286,687 (&,) Under section 6, subsection (1), of the Ellesmere Land Drainage Act, 1905 .... 439 (c.) For charges and expenses of raising loans .... 174,281 Making a total of .... .... .... £5,461,407 This left a credit balance in the Ways and Means Account £ £ at the 31st March, 1922, of .... .... .... .... 129,682 Legislative authority exists for providing further funds as follows :— In terms of Aid to Public Works and Land Settlement Act, 1921 .... .... ....2,844,710 It is proposed to make further provision this session for an additional .... .... .... .... ....4,000,000 Transfer from accumulated surpluses (part of .£1,250,000) 1,000,000 7,844,710 Making available for the current year a total of .... .... .... .... £8,274,392 The estimated expenditure on public works for the current year (exclusive of accounts which have their own ways and means) is £4,907,223, which will leave a credit balance of £3,307,109 to be carried forward to next year (1923-24). Exclusive of the before-mentioned funds, statutory authority at present exists for raising the following moneys for public undertakings which are not chargeable against the Public Works Fund, but which have their own statutory ways and means, viz.: — £ £ (a.) Aid to Water-power Works Act, 1910 .... .... 31,000 (6.) Finance Act, 1919 (addition for Waihou andOliinemuri Rivers Improvement Account) .... .... 31,000 (c.) Electric-power Works Loan, 1919 .... ....4,229,990 (d.) Finance Act, 1920, section 15 (electric-power works) .... .... .... .... .... 2,750,000 6,979,990 £7,044,990