B.—6

SUMMARY, 1927-28. Consolidated Fund— Ordinary Revenue Account — £ Revenue ... .... .... .... .... 25,123,980 Expenditure .... .... .... .... .... 24,944,904 Surplus, 1927-28 .... .... .... .... £179,076 £ Balance brought 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 of 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 Comparisons with previous year— £ Total revenue, comparative decrease .... .... .... 188,245 Income-tax, decrease .... .... .... .... .... 148,487 Land-tax, decrease .... .... .... .... .... 74,588 Beer duty, decrease .... .... .... ... .... 12,189 Customs, decrease .... .... .... .... .... 309,986 Stamp and death duties, increase .... .... .... 125,351 Revenue other than from taxation, increase .... .... 231,654 Total expenditure, comparative net increase .... .... 231,166 Subsidies to Hospital Boards, increase .... .... .... 72,651 Pensions, increase .... .... .... .... .... 90,526 Railways (increased losses on isolated sections and branch lines) .... .... .... .... .... .... 55,591 Contribution to Singapore Naval Base (new item).... .... 125,000 Agriculture—carriage of fertilizers for farmers, increase .... 43,540 Capital expenditure on public works— £ Railway-construction, additions and improvements .... 2,573,252 M ain highways and roads .... .... .... .... 1,297,141 Hydro-electric supply.... . . .... .... .... 1,272,575 Telegraphs and telephones .... .... .... .... 625,540 Public buildings (including schools) .... .... .... 605,747 Irrigation, land and river improvement .... .... .... 273,452 Other public works .... .... .... .... .... 177,983 £6,825,690

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