Principal decreases.

Administrative expenses.

Summary of year's operations.

Result in funds of Ordinary Revenue Account.

B.- 6.

4

The principal decreases in votes are as follows £ Post and Telegraph Department .. .. .. 46,380 Naval Defence .. .. .. .. .. 40,193 Maintenance of Public Buildings .. .. .. 28,534 Internal Affairs .. .. .. .. ..53,137 The last named was partly nominal, being offset by the increase under •' Scientific and Industrial Research," but otherwise was due to the fact that last year's expenditure included the cost of tin census and the expenses of the visit of T.R.H. the Duke and Duchess of York. An analysis of the total expenditure under annual appropriations shows that, compared with the previous year, there was a decrease of approximately £90,000 in administrative expenses. Against this there was an increase of £65,000 in grants, subsidies, and other miscellaneous payments, leaving a net decrease of £25,000 in the total expenditure, as stated above. SUMMARY OF YEAR'S OPERATIONS. Transactions for the year resulted in a surplus, viz. : — Revenue. £ £ Revenue (proper) .. .. .. .. .. 24,549,413 Departmental receipts .. .. . . . . 560,803 Recoveries on account of expenditure of previous years 13,764 Revenue for year .. .. .. 25,123,980 Expenditure. £ Permanent appropriations .. .. 17,508,985 Less credits in reduction .. .. 2,629,607 14,879,378 Annual appropriations .. .. .. 11,883,900 Less credits in aid .. . . .. 1, 818, 374 10,065,526 Net expenditure chargeable to year's revenue 24,944,904 Surplus .. .. .. .. £179,076 The following shows the result in the funds of the Ordinary Revenue Account at the end of the year : —• £ Balance forward, Ist April, 1927 .. .. .. 3,681,466 Add— Surplus, 1927-28 .. .. .. .. .. 179,076 Temporary transfers to other accounts repaid .. 26,000 3,886,542 Less — £ Used for reduction of debt .. .. 95,979 Instalments csf purchase price of C long-term mortgage shares in Bank of New Zealand 117,188 Transfer to Public Works Fund — General Purposes Account .. .. 250,000 Advance to State Forests Account .. .. 45,000 Sundry charges and expenses of renewing loans 1,037 Subsidies to local bodies for relief of unemployment .. .. .. 75,106 — 584,310 Balance, 31st March, 1928 .. .. .. £3,302,232