D.—l.

WAYS AND MEANS. On the Ist April, 1925, the available ways and means for public- £ works purposes were .. .. .. .. .. 379,439 Additional funds were received as follows :— (a.) Transferred from Consolidated Fund in terms of section 12 of the Appropriation Act, 1925 .. .. .. .. 500,000 (b.) Under Aid to Public Works and Land Settlement Act, 1922 1,084,015 (c.) Under Finance Act, 1923, section 2 (public works) .. 1,084,015 (d.) Under Finance Act, 1924, section 2 (public works) .. 2,065,893 (e.) Recoveries on account of expenditure of previous years .. 27,475 (/.) Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account receipts .. .. .. .. .. 1,671 £5,142,508 The net expenditure on works and services against the General Purposes Account for the year was — £ (a.) Under appropriations .. .. .. .. 4,318,404 (b.) Under Lake Ellesmere Land Drainage Act, 1905 .. 439 (c.) Under Lake Ellesmere and Akaroa Railway Trust Account 44 (d.) Under Aid to Public Works and Land Settlement Act, 1921 (stamp duty) .. .. .. .. 131 (e.) Charges and expenses of raising loans .. .. 297,049 (/.) Miscellaneous .. .. .. .. .. 20 Making a total of .. .. .. £4,616,087 This left a credit balance in the account for general purposes at 31st £ March, 1926, of .. .. .. .. .. .. 526,421 Legislative authority exists for raising a further . . .. 4,061,050 It is proposed to ask for further legislative authority, to borrow, when required .. . . .. . . . . . . .. 5,000,000 Thus making available for public works, general purposes, a total of . .*£9,587,471 The estimated expenditure under the account for the current financial year, including the transfer of £400,000 to Main Highways Construction Fund, is .. .. .. .. .. .. £4,898,470 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 : —

VII

_ Unexhausted Additional alance Borrowing Borrowing Total availName of Account. I*™ 1 „ 0 f Authority at Authority to be able Ways i' IMA 31st March, sought during and Means.J9 ~ b ' 1926. year. £ £ £ £ Electric-supply Account .. .. .. 138,112 5,676,990 .. 5,815,102 Waihou and Ohinemuri Rivers Improvement 21,710 95.000 100,000 216,710 Account Railways Improvement Authorization Act .1914 280,662 958,310 2,000,000 3,238,972 Account Main Highways Construction Fund .. .. 120,104 2,500,000 .. 2,620,104 Totals for these special accounts.. .. 560,588 9,230,300 2,100,000 11,890,888 * In addition, surplus revenue as available will be transferred from Consolidated Fund up to £1,000,000.