D.—l.

ture to the 31st March, 1908 ; and (d) the expenditure for the late financial year.

WAYS AND MEANS. At the 31st March, 1902, the available balance of ways and means for publicworks purposes was .£454,059, and further funds were received as under : — £ Balance of £1,000,000 loan raised under Act of 1901 ... ... 187,333 Amount raised in the colony under the Act of 1902 ... ... 750,000 Instalments in respect of £1,000,000 raised in London under Act of 190.2 ... ... ... ... ... ... ... 260,000 Transfer from revenue ... ... ... ... ... 200,000 Miscellaneous receipts ... ... ... ... ... 1,617 Making a gross total of ... ... ... ... ... 1,853,009 The expenditure for the year amounted to £1,514,444, so that on the 31st March last there was a credit balance of £338,565 in the Public Works Fund. For the current year it is proposed to provide additional funds as under : — £ Balance of 1902 loan (less cost of raising), say ... ... ... 657,000 New loan of 1903 ... ... ... ... ... ...1,000,000 Transfer from revenue ... ... ... ... ... 350,000 This will give a total available ways and means of £2,345,565. The estimates of expenditure on public works for the current year (exclusive of £39,353 for works under the Government Loans to Local Bodies and Land for Settlements Accounts) amount to £1,729,0(52, thus leaving a balance of £616,503 to be carried forward to next year. It will be noticed that the amount proposed to be transferred from the Consolidated Fund is £100,000 more than stated by my colleague the Colonial Treasurer. The increase in the revenue during the first six months of the present financial year and the promising outlook for the latter six months permits of this proposition being made. By thus increasing the amount to be transferred from the Consolidated Fund further provision is made for the repairing and renovating of public buildings, and for the maintenance of main arterial roads.

II

Expe: iditure. Class of Work. Total to 31st December, 1890. 1st January, 1891, to 31st March, 1903. Total to 31st March, 190S. Year ended 31st March, 1903. £ £ £ £ Hallways— New construction ... Additions to open lines Hoads D ublic buildings Immigration Purchase of Native lands jighthouses, harbour-works, and harbour defences [tourist and health resorts telegraph extension ... Development of goldfields Defence-works (general) Departmental tfinor works and services lost and discount, raising loans, &c. 11,975,098 2,092,002 3,575,804 1,776,003 2,144,386 1,191,137 880,095 2,935,121 2,259,498 2,672,444 1,076,702 3,614 807,877 111,258 14,910,219 4,351,500 6,248,248 2,852,705 2,148,000 1,999,014 991,353 342,623 417,130 282,039 197,455 142 15,783 13,581 600,849 561,101 429,720 349,789 300,689 1,021,472 22,209 405,616 164,791 304,119 • 141,248 12,604 129,583 22,209 1,006,465 725,892 733,839 491,037 313,293 1,151,055 10,949 68,578 24,213 37,003 13,949 2,820 88,180 Totals ... 26,898,145 11,046,684 37,944,829 1,514,444