D.—l.

Summary.

Of the net expenditure of £16,921,888 previously mentioned, £12,234,412 may be regarded as having been expended from loan-moneys (£9,168,812 General Purposes Account, £390,000 Electric Supply Account, and £2,675,600 Main Highways Account) the balance —i.e., £4,687,476 being expended from revenue and taxation. In diagrammatic form the ratio which the various classes bear to the whole is shown below. It should be noted that the figures are gross —that is, before deducting recoveries, which include subsidies from the Employment Promotion Fund, contributions from the Consolidated Fund, and similar amounts which if deducted, would detract from, the true portrayal of activities.

Per Roads, including construction and maintenance of £ cent. main highways .. .. .. .. 7,232,490= 31-73 Hydro-electric (construction and working-expenses) .. 1,364,592= 5-99 Railway-construction, improvements, and additions .. 3,952,174= 17-34 Public buildings, including schools .. .. 1,839,790= 8-07 Settlement of unemployed workers .. .. 526,397= 2-31 Lands improvement .. .. .. .. 241,636= 1-06 Irrigation .. .. .. .. .. 283,733= 1-24 Public buildings, roads, &c. (maintenance) .. .. 231,408= 1-01 Air defence, aerodromes, and landing-grounds .. 703,4-86= 3-09 Telegraph extension .. .. .. .. 872,646= 3-83 Native-land settlement .. .. .. .. 1,166,104= 5-11 Plant, material, and services for other Departments .. 1,789,317= 7-85 Miscellaneous .. .. .. .. .. 887,770= 3-90 Revenue receipts .. .. .. .. 1,703,366= 7-47 £22,794,909=100-00

In regard to the ways and means of the General Purposes Account of the Public Works Fund the position is as under: — Balance available Ist April, 1938 . . . . . . 153,860 Add funds received during the year — £ Finance Act (No. 2), 1936, section 2 (Public Works) .. .. 2,580,355 Finance Act, 1937, section 11 6,000,000 Finance Act, 1938, section 2 1,041,924 Miscellaneous .. .. .. 125,772 9,748,051 9,901,911 Deduct expenditure during 1938-39 — Under annual appropriations .. 9,168,812 Under permanent appropriations . . 94,225 9,263,037 Balance available 31st March, 1939 .. .. £638,874 The estimated net expenditure under the General Purposes Account for the current financial year is £13,161,000, and arrangements are being made with the Ministe' of Finance to provide the necessary funds. This is the amoun shown on the Public Works estimates, which also show an estimated net expenditure of £1,840,000 from the Electric Supply Account and £5,267,200 from the Main Highways Account, a total for all these accounts of £20,268,200.

VIII

Public Works Other q, , , Department. Departments. 0 a ' £ £ £ Gross expenditure .. .. .. .. 15,350,444 5,741,099 21,091,543 Recoveries and receipts .. .. .. .. 4,610,944 1,262,076 5,873,020