A.—3.

1935. NEW ZEALAND.

COOK ISLANDS. [In continuation of Parliamentary Paper A.-3, 1934.]

Presented to loth Houses of the General Assembly by Command of His Excellency.

EEPOET OF COOK ISLANDS ADMINISTRATION.

KAROTONGA. FINANCE. For the financial year ended 31st March, 1935, income (including assistance from Reserve Funds totalling £4.058 4s. 7d.) amounted to £37,811 9s. 4d., and expenditure (including depreciation, £2,154 7s. 5d., and hurricane reparation, £1,266 18s. Id.) amounted to £39,519 12s. 10d., leaving an excess of expenditure over income of £1,708 3s. 6d. Taking into account cash in hand at the beginning of the financial year (£767 15s. 2d.), and bringing all receipts (including £6,185 3s. Id. from Fixed Deposits Accounts) and payments into account, the financial year ended with cash in hand amounting to £1,467 3s. 9d. Subsidies from New Zealand Treasury were on account of public health and education only, and for the current year amounted to £11,343. The total expenditure on these two services was £17,080 ss. lid., towards which New Zealand granted £11,343. The local Administration found the balance of £5,737 ss. lid., and also all other expenditure of the Administration of every kind amounting to £24,349 7s. lid., a total expenditure from local funds of £30,086 13s. 10d.

Detailed statements of income and expenditure, and balance-sheet, are printed on pages 17 and 18, Appendix A. The balance-sheet takes into account the value (after writing off depreciation amounting to £2,154 7s. 5d.) of all Administration assets as at 31st March, 1935, and all liabilities, and shows an excess of assets amounting to £72,740 6s. 9d. TRADE. For the year ended 31st December, 1934, the value of exports was £59,307 (£73,983), and of imports £61,449 (£76,716), showing an excess of imports of £2,142. Previous year's corresponding figures in brackets. Details are printed on page 19, Appendix B.

I—A. 3,

Public Health. Education. TotaL £ s. d. £ s. d. £ s. d. £ s. d. Payments (including capital expendi- 8,965 5 5 8,115 0 6 24,349 7 1141,429 13 10* ture) Grants received from New Zealand .. 5,063 0 0 6,280 0 0 .. 11,343 0 0 Found by Cook Islands Administration 3,902 5 5 1,835 0 6 24,349 7 11 30,086 13 10 * Including capital expenditure.