B.—l [PT. Vl].

MAIN HIGHWAYS ACCOUNT— continued. Income and Expenditure Account for the Year ended 31st March, 1937, and Total to Date—continued.

20— B. 1 [Pt. IV].

153

Total since Ij I ' . . . EXPENDITURE. ! Total for Inception of Main T | T T( ?: al sin ™ Year 1936-37. I Highways Act, 1922, INCOME. I Vo '? r ,_ n £ eptl0n ,°l ♦n /9/Q7 1 ' Year 1936-37. ] Highways Act, — —_ ' to 31/3/37. N , to 31/3/37. Brought forward .. .. .. .. .. 2,511,356 16 11 17,273,012 18 6 Brought forward .. .. .. .. .. 9 * 3 21,925,548 7 \ Loan charges — £ s. d Charges and expenses of raising loans, management charges of Consolidated Stock on account of Construction Fund, T &c - '• •• •• 1,139 13 8 .. 68 48112 5 Interest on amount appropriated out of Public Works Fund and paid into Main Highways Account Construction Fund .. .. .. .. .. .. 61,300 0 0 .. 429 100 0 0 Interest on loans, recoupment to Consolidated Fund (section 4, Finance Act, 1919) .. .. .. 125,578 1 1 .. 960.541 12 4 Transfer to reserve for redemption of main highway ■ ' securities .. .. .. .. 93,567 0 0 .. j 593,202 0 0*\ rayment to local authorities m commutation of toll-gate charges (Finance Act, 1925, section 20) .. .. 1,457 1 2 .. i 25 752 7 5 Payment to Wellington City Council in commutation of fees chargeable in respect of motor-vehicles using Hutt Boad (Finance Act, 1927 (No. 2), section 33) .. 24,474 6 2 .. j 206,084 15 10 Bepayment of temporary transfer from other accounts .. 200,000 0 0 .. i 250',000 0 0 Total loan charges .. .. .. j 507,516 2 1 2,531,162 8 0 j Subsidies, &c., in respect of other than main highways — Municipal Corporations (Municipal Corporations Act, 1933, \ I i section 71) .. .. .. .. . . 29,400 4 8 .. ! 179 150 17 1 County Councils and other local authorities (Finance Act, I 1930, section 37) .. .. .. .. 165,685 2 2 >1,131,427 3 7 Subsidies to County Councils for rebate to ratepayers (Finance Act (No. 4), 1931, section 45) . . . . .. j 253 892 12 1 Subsidy on rates levied on farming land (Finance Act (No. 3), 1934, section 28) .. 237 17 6 .. ! 364,601 8 3 Mamtenance and construction of roads giving access to I outlying areas (Finance Act (No. 3), 1931) .. .. .. 45 918 8 8 Total subsidies .. .. .. .. 195,323 4 4 1,974,990 9 8 3,214,196 3 4 21,781,165 16 2 Balance, being excess of income over expenditure, carried to general balance-sheet .. .. .. .. .. __ 130,893 5 11 I 144,382 4 10 _ j3.345.089 9 1 J\ Vl,925, 548 1 0 * Excludes £60,408 10s. 7d. interest credited. ~~ ~ Inote. No charge for the cost of exchange on interest payments made in London is included in the accounts.