D.—l

MAIN HIGHWAYS ACCOUNT— continued Income and Expenditure Account for the Year ended 31st March, 1944, and Total to Date

12

! Total since . | Total since Total for Inception of Main ; mmMi Total for ; Inception of Main EXPENDITURE. Year 1943-44. Highwavs Act, 1922, Lu - | Year 1943-44. ! Highways Act, 1922, to 31/3/44. | to 31/3/44. £ £ Loans raised under Main Highways Act, 1922, and National Development £ £ Net expenditure on construction, renewals, maintenance, &c. (see separate 1,373,417 35,906,121 Loans Act, 1941 .. .. .. .. .. .. 200,000 11,681,918 fpmpTrH oecurities redeemed, .Loans xxedemption Account .. .. • • • • I 1 9 olo,blo Administration Consolidated Fund —Public Debt Repayment Account .. .. .. j 55,720 Administration expenses (including salaries, travelling-expenses, r? n~i 9^1 office rents, printing, stationery, postages, and miscellaneous £ . :.U0,000 6, 0 ,401 expenses) .. .. •• •• 54,688 .. ] 1,409,267 Receipts under section 15, Finance Act, 1923, from Public Works Fund, Fees and travelling-expenses of members of the Main Highways General Purposes Account .. .. .. .. .. '" Board other than Government members 687 .. 22,132 Revenue transferred from the Consolidated Fund 1,5/1,167 31,626 3o6 Miscellaneous expenses— Interest from investments .. .. .. .. .. .. .. 218,444 Advertising, maps, rent of halls, traffic tallies, transport of Interest from local authorities on plant purchased on their behalf .. 468 3 , 8 'lt{ samples, depreciation of furniture, &c 36 .. 5,891 Interest on advances to local authorities 1,263 45,622 Compassionate grants to widows and relatives of deceased Miscellaneous receipts •• •• " . V ': " -,989 2o,692 employers ...... •• 4,000 Transfer from Consohdated Fund (section 14, Mam Highways Act, 1922) .. 210,000 Compensation under section 3,' Public Worts Amendment Rent of and tolls from ferries . . .. .. 2,082 •• l,01o Balance, being excess of expenditure over income, carried to general Exthange"on remittances' " " " •• •• i'fl balance-sheet 395,740 164,955 Grant to Transport Department towards Traffic inspection .... • • ' Ju ° Petrological laboratory and other experimental work, expenses of .. .. .. ■. • • • • ®' 1 • • I " Total administration .. •• •• 56,082 1,511,487 Loan charges — Charges and expenses of raising loans, management charges of Consolidated Stock on account of Construction Fund, &c. .. •• •• 8s,UdU Interest on amount appropriated out of Public Works Fund and paid into Main Highways Account Construction Fund .. 49,040 ddd,08U Interest on loans, recoupment to Consolidated Fund (section 4, _ » Finance Act, 1919) .. .. .. .... •• 459,301 Htl'lfn* Transfer to reserve for redemption of main highway securities .. .. • • > ' Payment to local authorities in commutation of toll-gate charges or a on (Finance Act, 1925, section 20) .. .. •• 1.530 .. 4b,280 Payment to Wellington City Council in commutation of fees chargeable in respect of motor-vehicles using Hutt Road (Hutt Road Act, 1939, section 6) 19,025 •• 384,920 Total loan charges .. .. .. - • 528,896 5,742,773 Subsidies, &c., in respect of other than main highways — Municipal Corporations (Municipal Corporations Act, 1933, section 71) .. .. •• ' 32 ' 395 " 407 '° 68 County Councils and other local authorities (Finance Act, 1930, section 37) •• 180,912 .. 2,378,096 Subsidies to County Councils for rebate to ratepayers (Finance Act (No. 4), 1931", section 45) .. ... .. .. •• •• 206, M6 Subsidy on rates levied, on farming land (Finance Act (No. 3), 1934, section 28) .. .. .... •• ... Or. 75 •• 363,887 Maintenance and construction of roads giving Access to outlying areas (Finance Act (No. 3), 1931) .. • • • • • • * * Total subsidies 213,232 3,448,862 £2,171,627 £46,609,243 £2,171,627 £46,609,243 * Excludes £61,482 9s. lid. interest credited.