WAYS AND MEANS

Rotorua Morning Post, Volume 3, Issue 697, 24 November 1933, Page 6

WAYS AND MEANS

"Post")

public works fundj EXPENDITURE ESTIMATED FOR THE CURRENT YEAR PROYISION OF MONEY

(Special to

Wellington, Thursday In placing the Public Works Statement before the House of Representatives last evening the Hon. J. Bitchener said: — ) pn April 1, 1932, the available ways and means for public works purposes were £1,783,034. Additional funds were received as follows: — •(a) Under Finance Act, 1931 (No. 4), section 2 (public works), £500,000. - i(b) Balances transferred from iseparate accounts now closed £19,851. (c) Reeoveries on account of expenditure of previous years, £74,416 ((d) Ellesmere and Forsyth Reiclamation and Akaroa Railway Trust Account receipts, £1,551. (e) Pr.oceeds from sale of lands subject to Hauraki Plains Act, 1926, £1,497. Total— £2,380,349. The net expenditure on works and services against the General Purposes Account for the year was — - (a) Under appropriations, £1,043,009. (b) Under Lake Ellesmere Land Drainage Act, 1905, £439. (c) Under Lake Ellesmere and Akaroa Railway Trust Account, £79. (d) Charges and expenses of raising loans, £15,851. Making a total of £1,059,378. THis left a credit balance in the accoiVrt for genertal purposes at March 31, 1933, of £1,320,971. The estimated expenditure under the account for the current financial year is £2,322,915, and arrangements are benio- made with the Minister of Finance to provide the necessary funds. The gross cash expenditure on works and services under the direct supervision or control of the Public Works Department itself was £3,195,409. This ineludes expenditure from the Public Works Fund, Consolidated Fund, Main Highways Account, Electric S-upply Account and various other accounts. The department also actually received a total of £842,808 as revenue from. electric supply and from irrigation undertakings. The total, ther. - fore, of gross cash expenditure and receipts for the year 1932-33 was £4,038,217. This figure is exclusive of interest and loan charges, subsidies on rates, and sundry relatively minor items of revenue, and gives some indication of the volume of work handled by the department's staff.