D.—l

FINANCE. The payments and receipts and accumulated totals in connection with the Public Works Fund and other associated votes and accounts for the year 1937-38 are shown in the tabulation below. The gross expenditure amounted to £15,647,516, of which £3,778,585 was expended by other Government Departments ; the recoveries in reduction of expenditure amounted to £3,345,904, of which £1,166,998 was recovered by other Departments ; the net expenditure totalled £12.301,612, of which £2,611,587 was expended by other Departments. In addition, the Department collected £1,466,380 for the supply of electric energy, irrigation receipts, and miscellaneous revenue from other sources.

VIII

Expenditure, 1937-38. Total Net Class of Work. E oP < f« ture to 31 st March, Gross. Recoveries. Net. 1938. Expenditure, Public Works Fund. Railways — £ £ £ £ New construction .. .. .. .. .. 1,202,138 81,920 1,120,218 40,376,484 Improvements and additions to open lilies .. .. 1,561,844 269,072 1,292,772 19,636,772 Roads.. .. .. .. .. .. .. 1,297,781 171,024 1,126,757 25,026 359* Public buildings .. .. .. .. .. 1,335,822 101,043 1,234,779 13,978,530f Lighthouses, harbour-works, and harbour defences .. .. 19,532 7,855 11,677 1,334,822 Tourist and health resorts .. .. .. .. 23,534 375 23,159 757,084 Telegraph extension .. .. .. .. .. 531,512 219,252 312,260 12,300,690 Departmental .. .. .. .. .. .. 448,637 260,597 188,040 3,380,541. Irrigation, water-supply, and drainage .. .. .. 174,961 103,302 71,659 1,385,900 Lands-improvement .. .. .. .. .. 282,816 135,380 147,436 1,117,080 Swamp land drainage .. .. .. .. .. 30,203 10,801 19,402 100,283 Settlement of unemployed workers .. .. .. 460,265 149,600 310,665 1,067,167;!; Native-land settlement .. .. .. .. .. 814,177 559,308 254,869 696,717 Dairy industry loans .. .. .. .. .. 4,565 . . 4,565 45,825 Cost and discount, raising loans, &c. .. .. .. .. .. .. 3,828,307 Closed accounts (for more detail see Table 1) .. .. .. .. .. 8,133,133 Totals, General Purposes Account .. .. 8,187,787 2,069,529 6,118,258 133,165,694§ Electric Supply Account (previously Aid to Water-power Works Account) — Construction .. .. .. .. .. 710,008 23,816 686,192 15,554,9231' AVorking-expenses .. .. .. .. .. 327,054 5,281 321,773 Waihou and Ohinemuri Rivers Improvement Account .. .. .. .. 709,740|| Totals, Public Works Fund .. .. .. 9,224,849 2,098,626 7,126,223 149,430,357 Expenditure, other Votes and Accounts. Main Highways Account — Annual appropriation— Construction, reconstruction, and improvement.. .. 2,388,016 205,718 2,182,298** 9,553,679+f Maintenance, repairs, and renewal .. .. .. 1,300,034 48,343 1,251,691** Administration, plant, and miscellaneous expenditure .. 353,496 26,257 327,239** Interest, fees, and loan redemptions .. .. .. 270,500 .. 270,500** Permanent appropriation (rate subsidies, interest on transfer from Public Works Fund, &c.) .. .. .. 332,694 .. 332,694 Consolidated Fund — Maintenance, public buildings, roads, &c.J;jl .. .. 231,744 29,341 202,403 Aerodromes and landing-grounds .. .. .. 276,295 48,399 227,896 Plant, material, and miscellaneous .. .. 1,171,698 889,220 282,478 Closed accounts (for details see Public Works Statement, 1933) .. .. .. 18,955,387 Employment Promotion Fund (expenditure by Public Works Department): Amounts not included above .. ,. 98,190 .. 98,190 Totals, Other votes and accounts .. .. 6,422,667 1,247,278 5,175,389 28,509,066 Grand total of expenditure, Public Works Fund and other votes and accounts for the year ended 31st March, 1938 .. 15,647,516 3,345,904 12,301,612 Capital expenditure to date .. .. .. .. .. .. .. 177,939,423 * Includes £4,500 expended under section 16, subsection (1), Native Land Amendment and Native Land Claims Adjustment Act, 1923. t Excludes expenditure on workers' dwellings totalling £319,918 transferred to State Advances Account; includes £60,263 expended under Reserves and other Lands Disposal Act, 1936, section 32. J Includes £4,865 expended under Finance Act, 1932 (No. 2), section 6. § Does not include expenditure under Ellesmere Land Drainage Act, 1905, or £1,226,000 transferred to and included in Main Highways Construction Fund. || Excludes interest and loan charges. f Total capital, excluding suspense items as per accounts in Table No. 5. ** For annual income and expenditure accounts sec Appendix E. -ft As per accounts in Appendix E. Excludes transfers to Public Works Fund votes, &c. (£381,005.)