D.—l

IX

WAYS AND MEANS. On the Ist April, 1927, the available ways and means for public- £ works purposes were .. .. .. .. .. 839,387 Additional funds were received as follows : — (a) Transferred from Consolidated Fund in terms of section 12 of the Appropriation Act, 1927 .. .. .. .. 250,000 (b) Under Finance Act, 1926, section 2 (public works) .. .. 3,599,001 (c) Recoveries on account of expenditure of previous years .. 40,026 (d) Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account receipts .. .. .. .. .. 1,615 £4,730,029 The net expenditure on works and services against the General Purposes Account for the year was — £ (a) Under appropriations .. .. .. .. 3,300,369 (b) Under Lake Ellesmere Land Drainage Act, 1905 . . 439 (c) Under Lake Ellesmere and Akaroa Railway Trust Account 121 („) Charges and expenses of raising loans .. .. .. 100,297 Making a total of .. . . .. .. £3,401,226 This left a credit balance in the account for general purposes at 31st £ March, 1928, of .. .. .. ..■'"., .. 1,328,803 Legislative authority exists for raising a further .. .. .. 5,561,050 It is proposed to ask for further legislative authority to borrow, when required .. .. .. .. .. .. .. 3,000,000 Thus making available for public works, general purposes, a total of . . £9,889,853 The estimated expenditure under the account for the current financial £ year, including the transfer of £200,000 to Main Highways Construction Fund, is .. .. .. .. .. .. 4,047,500 In addition to the requirements for general purposes, there are a number of special accounts for public works with separate ways and means. The most important of these are : —

From the foregoing figures it will be observed that at the end of last £ financial year the unexpended balance of the Public Works Fund for general purposes, plus existing and proposed authorities for raising further moneys, amounted to .. .. .. .. 9,889,853 While the balance at the same date in respect to some of the more important public works, under special accounts, plus existing and proposed legislative authority to raise additional loans, amounted to .. .. .. •• •■ •• 11,043,109 Or a total of .. .. .. .. £20,932, 962

ii-D. 1.

.p , Unexhausted Additional n w° 6 Borrowing Borrowing Total availName of Account. o? + iur t Authority at Authority to be able Ways S |(Yoa ' 31st March, sought during and Means. iy/s. 1928> yoar _ £ £ £ £ Electric-supply Account .. .. .. 72,701 3,418,990 .. 3,491,691 •Waihou and Ohinemuri Rivers Improvement 12,078 90,000 .. 102,078 Account Railways Improvement Authorization Act, 1914 676,769 2,350,000 2,000,000 5,026,769 Account Main Highways Construction Fund .. .. 72,571 2,350,000 .. 2,422,57! Totals for these special accounts .. 834,119 8,208,990 2,000,000 11,043,109