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Public Works. Summary of Capital Expenditure. Railway construction, additions, and improvements .. 3,159,813 Main highways and roads .. .. .. • • 2,341,902 Hydro-electric supply .. .. .. •• 1 ,230,172 Public buildings (including schools) .. .. 939,110 Telegraphs and telephones .. .. .. 434,615 Irrigation, land and river improvements .. .. 252,585 Miscellaneous public works .. .. .. 129, 398 £8,487,595 Railways. Several construction works closed down. Railway Board appointed. London Loan, 1931. £4,000,000 raised in June, 1931, for— £ Public Works—General purposes .. .. 3,000,000 Development of hydro-electric-power works . . 1,000,000 £4,000,000 Also further £1,000,000 for redemption purposes. Summary of Debt Operations. £ Debt as at Ist April, 1930 .. .. .. 267,383,343 Add new loans raised— £ Ordinary .. .. 9,623,675 State advances .. .. 1,500,025 11,123,700 278,507,043 Less redemptions —■ Ordinary .. .. 244,610 War .. .. .. 2,071,725 Discharged soldiers .. 157,350 2,473,685 Debt as at 31st March, 1931 .'. £276,033.358 Classification of Debt. £ Ordinary .. .. .. ~ ■• 163,676,911 War .. ~ .. •• •• 67,711,800 Discharged soldiers .. .. .. .. 7,704,536 State advances .. .. .. ... 36,940,111 £276,033,358 Domicile of Debt. £ London ■"■.; •• •• ' •• •• 154,546,941 Australia .. ... .. .. •• 4,175,350 TSTew Zealand.. .. .. •• ■■ 117,311,067 £276,033,358

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