D.—l

VIII

£ (d.) Recoveries on account of expenditure of previous years .. 9,142 (c.) Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account receipts .. .. .. .. 1,681 (/.) Miscellaneous receipts .. .. .. .. .. 1,650 Thus making available for expenditure under the General Purposes Account a gross total of .. £4,954,027 The net expenditure on works and services chargeable against the General Purposes Account for the year was — £ (a.) Under appropriations .. .. .. .. 3,749,160 (b.) Under Ellesmere Land Drainage Act, 1905 .. .. 439 (c.) Under New Zealand Loans Act, 1908 (Stamp Duty) .. 1,613 (cl.) Charges and expenses of raising loans .. .. . . 310,292 (c.) Under the Native Land Amendment and Native Land Claims Adjustment Act, 1923, section 16, subsection (1) 4,500 Making a total of .. .. .. .. £4,0(16,004 This left a credit balance in the account for general purposes at 31st £ March, 1924, of .. .. .. .... .. 888,023 Less Treasury bills issued in anticipation of loan .. .. 500,000 388,023 Legislative authority exists for raising a further .. .. .. 5,000,920 It is proposed to transfer from accumulated surplus to capital purposes to the extent of .. .. .. .. .. .. 1,000,000 And to ask for further legislative authority to borrow, when required 2,000,000 Thus making available for public-works general pur poses a total of .. .. .. *.. £8, 388,943 The estimated expenditure under the account for the current financial year is £4,618,500. In addition to the requirements for general purposes there are a number of special accounts with separate ways and means. The most important of these are : —

From these figures it will be observed that at the end of the last financial year the unexpended balance of the Public Works Fund for general. purposes, plus existing and proposed authorities for £ raising further moneys, amounted to . . .. .. 8, 388, 943 While the balance at the same date in respect to some of the more important public works under special accounts, plus existing and proposed legislative authority to raise additional loans, amounted to .. .. .. .. .. .. 10,118,610 Or a total of .. .. .. .. .. £18,507,553

NameJofJAccount. -r, , .... Unexhausted Balance available t, . ,, at 31st March, Borrowing Autho1004 ntyasat 1! " 4 * 31st March, 1924. Additional Borrowing Authority to be sought during Current Year. '■ Total available Ways and Means. llectric Supply Account Vaihou and Ohinemuri Rivers Improvement Account railways Improvement Authorization Act 1914 Account £ 1,106,174 1,661 £ 6,506,990 64,000 £ 150,000 £ 7,613,164 215,661 831,475 1,458,310 2,289,785 'otals for these special accounts 1,939,310 8,029,300 150,000 10,118,610