D.—l.

Summary.

Of the net payments totalling £9,972,576 shown above, £6,778,901 may be regarded as expended from loan-moneys and £3,193,675 as expended from annual taxation. In diagrammatic form the ratio which the various classes bear to the whole is shown below. It should be noted that the figures are gross —that is, before deducting recoveries, which include subsidies from the Employment Promotion Fund, contributions from the Consolidated Fund, and similar amounts which, if deducted, would detract from the true portrayal of activities.

In regard to the ways and means of tlie General Purposes Account of the Public Works Fund the position is as under : — £ £ Balance available, Ist April, 1936 .. .. .. 1,902,651 Add funds received during the year — Finance Act, 1934 (No. 3), section 2 3,444,919 Finance Act, 1931 (No. 4), section 2 4,710 Miscellaneous .. .. .. 135,898 — 3,585,527 5,488,178 Deduct expenditure during 1936-37 — Under annual appropriations .. 3,309,637 Under permanent appropriations .. 60,515 — 3,370,152 Balance available, 31st March, 1937 .. £2,118,026 The estimated net expenditure under the General Purposes Account for the current financial year, 1937-38, is £7,834,957, and arrangements are being made with the Minister of Finance to provide the necessary funds. This is the amount shown on the Public Works estimates, which also show an estimated net expenditure of £1,370,000 from the Electric Supply Account and £4,478,000 from, the Main Highways Account, a total for all these accounts of £13,682,957.

IX

Public Works Other T , . Department. Departments. lotal. £ £ £ Gross expenditure .. .. .. .. 10,251,334 2,009,881 12,261,215 Recoveries and receipts .. .. .. .. 2,641,928 846,300 3,488,228