A.—3.

1937. NEW ZEALAND.

COOK ISLANDS. [In continuation of Parliamentary Paper A.-3, 1936.]

Presented to both Houses of the General Assembly by Command of His Excellency.

REPORT OF COOK ISLANDS ADMINISTRATION.

FINANCE. For the financial year ended 31st March, 1937, income amounted to £44,084 Is. 2d., and expenditure (including depreciation, £2,162 6s. 2d., and hurricane reparation, £69 3s. 3d.) to £42,712 16s. 5d In addition to this expenditure there was capital expenditure amounting to £3,614 7s 6d These figures show an excess of income over expenditure of £1,371 4s. 9d„ which'has been added to accumulated funds. Taking into account cash in hand at the beginning of the year (£1,468 lis. 3d.) and bringing all receipts (including £1 327 15s. 4d. from Fixed Deposits Accounts) and all payments into account tiie financial year ended with cash in hand amounting to £3,347 Bs. 6d. Subsidies from New Zealand Treasury on account of public health and education for the current year amounted to £13,216, and, in addition, subsidies of £500 for wireless services and £100 for census were received, making total subsidies of £13,816. The following table _ shows that the total expenditure on public health and education two essential services to which the New Zealand Government is committed, was £18 497 13s ' 10d N £ W Zea]and B' ranted £1 3> 2 16. The local Administration found the balance of £5,281 13s. lOd. Expenditure on all other services amounted to £29,559 14s. Bd., of which £600 was granted from New Zealand (Census and Wireless Services), and the balance of £28,959 14s. Bd. was found by the Administration. Total expenditure from local funds amounted therefore to £34.241 Bs. 6d.

Detailed statements of income and expenditure, and balance-sheet, are printed on pages 21 and 22, Appendix A. r & takes into account the value (after writing off depreciation amounting to £2,162 6s. 2d.) of all Administration assets as at 31st March, 1937, and all liabilities, and shows an excess of assets amounting to £73,975 15s. lid. TEADE. £° r * vear ended 31st December, 1936, the value of exports was £67,556, and of imports £72,576, showing an excess of imports of £5,020, For the previous year the corresponding figures were exports £53,599, and imports £61,676. 7 1S gUr6S Details are printed on pages 23-28, Appendix B.

I—A. 3.

I " i Public Health. Education. 11 °. tller Total Services. -toiai. n £ s. d. £ s. d. £ s, d. £ a d Payments (including capital expendi- 9,179 4 1 9,318 9 9 29,559 14 8 48 057 8 6 ture) Grants received from New Zealand .. 6,979 0 0 6,237 0 0 600 0 0 13,816 0 0 Found by Cook Islands Administration 2,200 4 1 3,081 9 9 28,959 14 8 34 241 8 6