B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the year ended 31st March, 1927—continued.

9—B. 1 [PT. I] .

59

AUTHORIZATION ACT 1914 ACCOUNT—continued. 1926-1927. EXPENDITURE. 1927-1928. Gross. Gross. £ s. d. ! £ s. d. £ s. d. 624,349 5 1 Brought forward .. .. .. .. .. j .. 560,637 5 4 Expenditure under Section 10 of the Finance Act, 1925, — 39,514 6 5 Rearrangement of or alterations and additions to stations .. .. .. 23,225 6 0 15,728 13 3 Deviation and duplication of Railway: Ravensbourne-Burke's .. .. 10,707 7 4 1,315 0 10 New Depot for locomotives at Elmer Lane .. .. .. .. .. 37,021 4 11 9,992 10 0 Electric lighting of stations .. .. .. .. .. .. 13,360 17 8 51,778 5 9 Marshalling-yards for Christchurch at Middleton .. .. .. .. 43,564 14 1 ! 45,558 4 4 Telephones, telegraphs, and signalling, interlocking and safety appliances .. 58,692 6 5 44,875 19 0 Workshops and equipment of locomotive branch .. .. .. .. 26,600 7 6 New workshops at Otahuhu and Petone, and alterations and additions to 167,878 15 4 workshops at Addington and Hillside .. .. .. .. .. 687,847 3 11 32,191 15 11 Miscellaneous works —Auckland to Morningside deviation .. .. .. 3,187 12 9 904,207 0 7 408,833 10 10 \ [ Expenditure under Section 3 of the Finance Act, 1926, — ! Electrification of line from Lyttelton to Middleton .. .. .. .. .. 4,900 8 6 New Zealand Loans Act, 1908, Section 5(1) (b), — Railways Improvement Authorization Act, 1914— 90,000 0 0 Temporary advance from Bank of England on Memorandum of Security repaid .. .. Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908 — 34,708 0 8 Railways Improvement Authorization Act, 1914 .. 16 2 6 Railways Improvement Authorization Act, 1914 (redemptions) Railways Improvement Authorization Act, 1914, and Finance Act, 1926, Section 3 45,507 14 2 ; 45,507 14 2 34,724 3 2 Balance at end of Year, —■ 27,176 9 4 Cash in the Public Account .. .. .. .. .. .. 90,966 18 8 Imprests outstanding— 228 1 5 In the Dominion .. .. .. .. .. .. .. 1,731 5 11 In London .. .. .. .. .. .. .. .. 9,821 3 9 Investment Account — 375,250 0 0 Securities held .. .. .. .. .. .. .. 574,250 0 0 676,769 8 4* 402,654 10 9 £1,560,561 9 10 Totals .. .. .. .. .. .. .. £2,192,021 16 11 * For explanatory statement see page 73. DRAINAGE ACCOUNT £ s. d. Expenditure under Section 7 of the Rangitaiki Land Drainage Act, 1910, — £ s. d. £ s. d. 14,174 12 5 I Administration Expenses and Construction of Works .. .. .. .. 15,270 12 8 Expenditure under Section 8 (2) of the Rangitaiki Land Drainage Act, 1910, — Acquisition of Land for Drainage Works .. .. .. .. .. .. 2 7 10 Appropriation Act, 1924, Section 14 (2) (b), — Finance Act, 1927 (No. 2), Section 11 — Refund of Rates .. .. .. .. • • • • •. ■ • 667 19 2 ■» i Public Revenues Act, 1926, Section 139, — | Interest recouped to the Consolidated Fund .. .. .. .. •• 5,010 0 0 Balance at end of Year, — 4,839 4 4 Cash in the Public Account .. .. .. •• •• •• 3,807 13 0 Investment Account — 10,000 0 0 Securities held .. .. •• •• •• •• •• 2,000 0 0 | 5,807 13 0* 14,839 4 4 \ £29,013 16 9 Totals .. .. .. •• •• •• £26,758 12 8 * For explanatory statement see page 73. Note. In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.