D.—l

VIII

WAYS AND MEANS. On the Ist April, 1928, the available ways and means for public- £ works purposes were . . . . . . . . 1,328,803 Additional funds were received as follows :— (a) Under Finance Act, 1926, section 2 (public works) .. . . 1,622,864 (b) Under Finance Act, 1927, section 2 (public works) .. . . 3,393,828 (c) Under Finance Act, 1928, section 2 (public works) .. 1,416,771 (d) Recoveries on account of expenditure of previous years .. 102,618 (e) Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account receipts .. .. .. .. .. 1,730 £7,866,614 The net expenditure on works and services against the General Purposes Account for the year was — £ (a) Under appropriations .. .. .. .. .. 3,538,768 (b) Under Lake Ellesmere Land Drainage Act, 1905 .. .. 439 (c) Under Lake Ellesmere and Akaroa Railway Trust Account . . 86 (d) Charges and expenses of raising loans .. .. . . 438,238 Making a total of .. .. .. .. £3,977,531 This left a credit balance in the account for general purposes at 31st £ March, 1929, of .. .. .. .. .. .. 3,889 ; 083 Balance of £7,000,000 loan (1929) outstanding at 31st March, 1929 .. 1, 312,264 Legislative authority exists for raising a further .. . . . . 1,061,050 It is proposed to ask for further legislative authority to borrow, when required .. .. . . . . .. .. .. 4,000,000 Thus making available for public works, general purposes, a total of .. £10,262,397 The estimated expenditure under the account for the current financial £ year is .. .. .. .. .. .. .. 5,001,339 In additioji 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 : —

,, , Unexhausted Additional — , Balance t. • £7,000,000 t, . Total available at , B ™ m S Loan a929) available Name of Account. 31st March, ? outstanding Auth ?f/*? be ' Ways and 1»2(). • il8 *^ rch ' at 31st Mart sought during 1929 ' 1929. ear - __ £ I £ £ £ | £ Electric Supply Account .. .. 697,088 1,243,990 291,614 .. j 2,232,692 Waihou and Ohinemuri Rivers Im- 11,907 30.000 .. .. 41,907 provement Account Railways Improvement Authorization 1,174,816 1,515,000 437,421 .. 3,127,237 Act, 1914, Account Main Highways Construction Fund .. 8,090 2,120,000 .. .. 2,128,090 Totals for these special accounts 1,891,901 4,908,990 729,035 .. 7,529,926