HIGHWAYS EXPENSES

Sun (Auckland), Volume IV, Issue 983, 28 May 1930, Page 9

HIGHWAYS EXPENSES

SUMMARY OF BOARDS FINANCES BIG CONSTRUCTION BALANCE P. ess Associ<if4o.i WELLINGTON. Tooa> The following summarised finance a statement of the operations for th< financial year ended March 31 last ha been issued by the Main Highway Board:— Revenue fund balance in hand or April 1, 1929. £521.604: receipts dm ir.g the year, £1.486,536, made up a follows: Tyre tax. £ 155.722: "registry tion fees, £390.943: motor-spirit tux £873.309: Consolidated Fund. £35.000 interest, £31,502; repayment of ad vances and other credits, £56.266: repayment of part of the loan to cor struetion account in 1927-2 S. £150.000 The expenditure on maintenance work, including interest and sinking fund charges, was £1.250.552: advances to local bodies to facilitate wor on main highways, plant purchase etc.. £47.071: transfer to construction fund. £750.000. Balance in hand a: March 31, 1930. £136,453. Construction fund balance In har.c at April 1, 1929. £$.000; loan mone> including £ 200,00 u from the Publi* Works Fund, £499.625; transfer fron revenue fund, £750,000; repayments b> local bodies and other credits. £71.674 gross expenditure on construction work £1,165,522: balance in hand at Marc; oi. 1930. £160.567. Against the balance in hand at Marc’ 31, 1930. the liability amounted to ap proximately £114.000 against th* revenue fund, and £112.000 against thconstruction fund.