D.—l.

Summary.

Of the net expenditure of £12,301,612 previously mentioned, £7,795,058 may be regarded as having been expended from loan-moneys (£6,118,258 General Purposes Account, and £1,676,800 Main Highways Account) the balance —i.e., £4,506,554 — being expended from revenue and 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.

Per Roads, including construction and maintenance of £ cent. main highways .. .. .. .. 5,942,521= 34-72 Hydro-electric (construction and working-expenses) .. 1,037,062= 6-06 Railway-construction, improvements, and additions .. 2,763,982= 16-15 Public buildings, including schools .. .. 1,237,557 = 7-23 Settlement of unemployed workers .. .. 460,265= 2 • 69 Lands improvement .. .. .. .. 282,816= 1-65 Irrigation .. .. .. .. .. 174,961= 1-02 Public buildings, roads, &c. (maintenance) .. .. 231,744= 1-35 Air defence, aerodromes, and landing-grounds .. 374,560= 2-19 Telegraph extension .. .. .. .. 531,512= 3-11 Native-land settlement .. .. .. .. 814,177= 4-76 Plant, material, and services for other Departments .. 1,171,698= 6-85 Miscellaneous .. .. .. .. .. 624,661= 3-65 Revenue receipts .. .. .. .. 1,466,380= 8-57 £17,113,896=100-00

In regard to the ways and means of the General Purposes Account of the Public Works Fund the position is as under: — Balance available Ist April, 1937 .. .. .. 2,118,026 Add funds received during the year—- £ Finance Act (No. 3), 1934, section 2 .. 555,081 Finance Act (No. 2), 1936, section 2 .. 3,419,645 Miscellaneous .. .. .. 179,603 4,154,329 1 )educt expenditure during 1937 38 — 6.272,355 Under annual appropriations .. 6,118,030 Under permanent appropriations . . 465 6,118,495 Balance available 31st March, 1938 .. .. .. £153,860

ii*

IX

» ,,, , Recoveries, Class of Work. 1937- 38 Receipts,* Public Works Department. Ordinary Revenue Account — £ Irrigation (receipts for year) .. .. .. .. .. .. .. 24,740 Miscellaneous receipts for year .. .. .. .. .. .. .. 14,164 Electric Supply Account (sales of energy, miscellaneous receipts, &,c.): Receipts for year .. 1,400,457 Main Highways Account (repayment, of advances, &c., and interest): Receipts for year . . 27,019 Total receipts .. . . . . .. .. 1,466,380

I Public Works Other Total Department. Departments. £ £ £ Gross expenditure .. .. .. .. 11,868,931 3,778,585 15,647,516 Recoveries and receipts .. .. .. .. 3,645,286 1,166,998 4,812,284 - • i I * Excludes motor-spirits tax, registration fees, See., collected by other Departments.