D.—l

MAIN HIGHWAYS ACCOUNT— continued. Income and Expenditure Account for the Year ended 31st March, 1942, and Total to Date.

19

Total SJDC6 Tnf&l ajnpo EXPENDITURE. Y INCOME. Ye£r%'& 2 . I [ to 31/3/42. |[ j | tQ 31 / 3 / 42 . , ... . £ - £ : Loans raised under Main Highways Act, 1922 — £ £ Net expenditure on construction, renewals, maintenance, &c. (see separate 1,568,366 33,345,040 Stock, Debentures, and Treasury Bills issued— 8Ii8fu61II61lL) * i i i i ■ i J Administration— i At 1£ per cent, interest .. .. .. .. .. 2,495,000 /■ i j- i • At 3 per cent, interest .. .. .. .. .. .. 5 601 725 Administration expenses (including salaries, travelling-expenses, £ At 3£ per cent, interest .. .. 262,789 ' 453 684 office rents, printing, stationery, postages, and miscellaneous At 3£ per cent, interest .. .. .. 677 890 expenses) .. .. . ' - •• 122,240 .. 1,284,423 At 4 per cent, interest .. .. .. .. .. .. .. 1 442' 437 Fees and trave ling-expenses of members of the Main Highways At 4/ cent . interest ' 005 Board other than Government members 699 .. 20,874 j Securities redeemed, Loans Redemption Account .. 1 312 790 isce aneous expenses Consolidated Fund —Public Debt Repayment Account .. .. .. 55,720 Advertising, maps, rent of halls, traffic tallies, transport of ' samples, depreciation of furniture, &c. .. .. .. 148 .. 6,346 \ 262 789 12 181 ?<T7 Compassionate grants to widows and relatives of deceased j Receipte under seetion 15> Finance Act> 1023) from p ub , ic Workg Fund; empojees .. .. . .. .. .. 4,000 ' General Purposes Account (at 5 per cent, interest) .. .. .. . 1 226 000 Compensation under section 3, Public Works Amendment _ Revenue transferred from the Consolidated Fund 2,162,139 28,507 743 T7. ? ' '' '■ *• "• 1,015 Interest from investments .. .. .. .. .. .. 36 '218 444 pff. Teml t a S CeS . , , '' „ . " •• ' ■■ 9,887 Interest from local authorities on plant purchased on their behalf .. 2,736 37' 111 Grant to Transport Department towards Traffic inspection .. .. .. 42,906 Interest on advances to local authorities 2 046 42 055 Penological laboratory and other experimental work, Miscellaneous receipts .. 3,855 19 604 xpenses 0 .. .. .. .. .. Cr. 364 .. 13,887 Transfer from Consolidated Fund (section 14, Main Highways Act, 1922) .. 210,000 rr , , , ■ . . .. — ; Rent of and tolls from ferries .. .. .. .. .. .. o nsv Loan charges 0 3 a<^ 10n 122,905 1,383,338 I Temporary transfers from other accounts .. .. .. .. Dr. 150,000 Charges and expenses of raising loans, management charges of [ Consolidated Stock on account of Construction Fund, &c. .. 14,773 .. 87 603 Interest on amount appropriated out of Public Works Fund and paid into Main Highways Account Construction Fund .. 61,300 .. 735,600 Interest on loans, recoupment to Consolidated Fund (section 4, Finance Act, 1919) .. .. .. .. .. 330,954 .. 2,239,902 Transfer to reserve for redemption of main highway securities .. . . .. 1,252 130* Payment to local authorities in commutation of toll-gate charges (Finance Act, 1925, seetion 20) .. .. .. .. 1,501 .. 33 225 Payment to Wellington City Council in commutation of fees chargeable in respect of motor-vehicles using Hutt Road (Finance Act, 1927 (No. 2), section 33) .. .. .. 24,719 .. 329 130 i I Total loan charges .. .. .. :— 433,247 4,677,590 Subsidies, &c., in respect of other than main highways — Municipal Corporations (Municipal Corporations Act, 1933, section 71) . . .. .. .. .. .. 32,509 .. 341,610 County Councils and other local authorities (Finance Act, 1930, section 37) .. .. .. .. .. .. 179,380 .. 2,016,717 Subsidies to County Councils for rebate to ratepayers (Finance Act (No. 4), 1931, section 45) .. .. .. .. .. .. 253 893 Subsidy on rates levied on farming land (Finance Act (No. 3), 1934, section 28) .. .. .. .. .. Cr. 10 .. 364,242 Maintenance and construction of roads giving access to outlying areas (Finance Act (No. 3), 1931) .. .. .. .. . . 45 918 Total subsidies .. .. .. .. 211,879. 3,022,380 Balance, being excess of income over expenditure, carried to general - balance-sheet .. .. .. .. .. .. .. Or. 52,796 415,942 £2,283,601 £42,844,290 £2,283,601 £42,844,290 * Excludes £60,408 10s. 7d. interest credited. Note. —No charge for the cost of exchange on interest payments made in London is included in the accounts.