IX

I).—].

The net expenditure on works and services chargeable against the General Purposes Account for the year was — (a.) Under appropriations .. .. .. .. 4,131,440 (b.) Under Ellesmere Land Drainage Act, 1905 . . . . 439 (c.) Under New Zealand Loans Act, 1908 (stamp duty) . . 9,832 (d.) Charges and expenses of raising loans .. .. .. 232,098 Making a total of .. .. . . £4, 373,809 This left a credit balance in the account for general purposes at 31st £ March, 1925, of .. .. .. .. .. .. 379,439 Legislative authority exists for raising a further .. . . 4,000,920 It is proposed to transfer from accumulated surplus to capital purposes (if required) to the extent of. . .. . . .. . . 1,000,000 and to ask for further legislative authority to borrow, when required . . 4,000,000 Thus making available for public works, general purposes, a total of .. £9, 380, 359 The estimated expenditure under the account for the current financial year, including the transfer of £200,000 to Main Highways Construction Fund, is .. . . . . . . . . . . £4, 918, 500 In addition to the requirements for general purposes, there are a number of special accounts for public works 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 .. . . . . . . 9,380,359 While the balance at the same date in respect to some of the more important public works under special accounts, plus legislative authority to raise additional loans, amounted to . . . . 11, 936, 968 Or a total of . . .. .. ..£21,317, 327 IRRIGATION AND WATER-SUPPLY. Continued steady progress of irrigation development is to be recorded so far as the operations of last year are concerned. No new works were commenced, the completion of schemes under construction, and surveys and investigation of new schemes proposed, occupying the attention of the Department. The Ida Valley and Galloway schemes are in operation ; and, though the revenue from these schemes is

ii—-ID. 1.

t) i tt i, x j Additional .Balance unexhausted x> • nw 1 available Borrowing T"? 1 ° ta , 1 , Name of Account. at Authority at Auliarity to available 31st March, 31st March, sought Ways and 1995 19f5 durm f I Means - " ' * ' Current Year. £ £ £ £ Electric-supply Account .. .. .. 229,248 6,506,990 .. 6,736,238 Waihou and Ohinemuri Rivers Improvement 273 164,000 .. 164,273 Account Railways Improvement Authorization Act 1914 577,601 1,458,310 .. 2,035,911 Account Main Highways Construction Fund .. .. 546 3,000,000 .. 3,000,546 Totals for these special accounts.. .. 807,668 11,129,300 .. 11,936,968