1),—I.

Summary.

Of the net expenditure of £13,010,008 previously mentioned, £9,299,234 may be regarded as having been expended from loan-moneys (£6,247,216 General Purposes Account, £1,704,043 Electric Supply Account, and £1,347,975 Main Highways Account) the balance —-i.e., £3,710,774 —-being expended from loan recoveries, revenue, and taxation. 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, if deducted, would detract from the true portrayal of activities. Per Roads, including construction and maintenance of £ Cent. main highways .. .. .. •• 4,833,631 = 21-61 Hydro-electric (construction and working-expenses) 2,371,764= 10-60 Railway-construction, improvements, and additions 2,065,110 = 9-23 Public buildings, including schools .. .. 1,478,008 = 6 *61 Small farms development .. .. . ■ 828,349 = 3-70 Lands improvement .. . . . ■ .. 267,031 = 1-19 Irrigation .. •• .. •• 672,309 = 3-01 Public buildings, roads, &c. (maintenance) .. 456,290= 2-04 Telegraph extension .. .. •• 531,280 = 2-37 Native-land settlement. . .. .. . . 1,011,010= 4-52-Plant, material, and services for other Departments 4,860,098 = 21-73 Linen-flax development .. .. .. 245,997 = I*lo Miscellaneous.. .. . . •• 706,652 = 3*16 Revenue receipts .. .. .. 2,042,896= 9*13 £22,370,425 = 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, 1940 .. .. .. .. •• •• 1,288,991 Add funds received during the year — £ Finance Act, 1939, section 2 (Public Works) 7,979,565 Less — ■ £ Loans redeemed, 1939-40 1,460,000 Exchange on remittances beyond the Dominion 122,500 1,582,500 £ 6,397,065 Miscellaneous .. .. .. .. - • 115,341 6,512,406 7,801,397 Deduct expenditure during 1940-41 under annual appropriations .. .. 6,280,127 Balance available 31st March, 1941 .. .. .. .. £1,521,270 The estimated net expenditure under the General Purposes Account for the current financial year is £5,042,300, and arrangements are being made with the Minister of Finance to provide the necessary funds. This is the amount shown on the Public Works estimates, which also show an estimated net expenditure of £2,957,375 from the Electric Supply Account and £2,742,200 from the Main Highways Account, a total for all these accounts of £10,741,875.

IX

Public Works Other _ , Department. Departments. £ £ £ Gross expenditure .. .. .. .. 16,059,660 4,267,869 20,327,529 Recoveries and receipts .. .. .. .. 7,998,027 1,362,390 9,360,417 i ■