D.-l.

TABLE 5.—MAIN HIGHWAYS ACCOUNT— continued. Income and Expenditure Account for the Year ended 31st March, 1941, and Total to Date.

79

Total since Total since EXPEirnTTriTtF Total for Inception of Main TKrvwir Total for Inception ot Main J»XPEJ.DITUR:c. Year W40-41. Highways Act, 1922, INCOME. Year 1940-41. Highways Act. 1622 . to 31/3/41. to 31/3/41. £ £ Loans raised under Main Highways Act, 1922 — £ £ Net expenditure on construction, renewals, maintenance, &c. (see separate 2,659,002 31,776,674 Stock and Debentures issued — statement) • At 3 per cent, interest .. .. .. -.. .. .. 1,746,000 -5,491,725 Administration— At 3| per cent, interest .. .. .. .. .. ■• 677,890 Administration expenses (including salaries, travelling-expenses, £ At 3f per cent, interest .. .. .. .. .. •■ 190,895 office rents, printing, stationery, postages, and miscellaneous At 4 per cent, interest .. .. .. .. ... •■ 17,605 1,442,937 expenses) .. .. .. .. .. .. 189,797 .. 1,162,183 At 4J per cent, interest .. .. .. .. .. .. 542,005 Fees and travelling-expenses of members of the Main Highways Treasury bills and notes — - Board other than Government members .. .. 770 .. 20,175 At various rates of interest .. .. .. .. • .. 1,046,975 2,605,000 Miscellaneous expenses — Securities redeemed, Loans Redemption Account .. .. .. .. 2,850,650 Advertising, maps, rent of halls, traffic tallies, transport of Consolidated Fund —Public Debt Repayment Account .. .. .. 55,720 samples, depreciation of furniture, &'c. • .. .. 82 .. 6,198 Compassionate grants to widows and relatives of deceased 2,810,580 13,856,822 employees.. .. .. .. .. .. .. .. 4,000 Finance Act, 1932, section 55—Premium on exchange .. .. Dr. 121,875 Compensation under section 3, Public Works Amendment . Receipts under section 15, Finance Act, 1923, from Public Works Fund, Act, 1925 .. .. .. .. .. .. .. .. 1,015 General Purposes Account (at 5 per cent, interest) .. .. .. ■• 1,226,000 Exchange on remittances .. .. .. .. 1,615 .. 9,705 Income from— Grant to Transport Department towards Traffic inspection.. 10,000 .. 42,906 Motor-registration licenses, fees, and fines (section 24, Motor- £ Petrological laboratory and other experimental work, vehicles Act, 1924) .. .. .. .. .. 579,058 Expenses of .. .. .. .. .. 1,253 .. 14,251 Less Commission on collection by Post and Telegraph Depart- — ment — £ Total administration .. .. .. 203,517 1,260,433 Motor-registration fees and licenses .. .. 23,874 Loan charges Fees for registration of change of ownership .. 8,424 Charges and expenses of raising loans, management charges of 32,298 Consolidated Stock on account of Construction Fund, &c. .. 164 '.. 72,830 546,760 6,512,680 Interest on amount appropriated out of Public Works Fund and Interest from investments .. .. .. .. .. .. 439 218,408 paid into Main Highways Account Construction Fund .. 61,300 .. 674,300 Interest from local authorities on plant purchased on their behalf .. 3,530 34,375 Interest on loans, recoupment to Consolidated Fund (section 4, Interest on advances to local authorities ..- .. .. .. 2,913 40,009 Finance Act, 1919) .. .. .. .. .. 314,500 .. 1,908,948 Mileage Tax (Finance Act, 1931-32 (No. 2), section 19) .. .. 11,197 42,871 Transfer to reserve for redemption of mam highway securities .. 1,647,080 .. 2,790,490* Miscellaneous receipts .. .. .. .. .. .. 10,653 15,749 Payment to local authorities in commutation of toll-gate charges Motor-spirits tax (section 9, Motor-spirits Taxation Act, 1927) .. .. 1,581,793 17,256,780 (Finance Act, 1925, section 20) .. .. .. 1,522 .. 31,724 Tire-dutv (sections 13 and 14, Main Highways Act, 1922) .. .. 62,888 2,533,273 Payment to Wellington City Council in commutation of fees Transfer from Consolidated Fund (section 14, Main Highways Act, 1922) .. 210,000 chargeable in respect of motor-vehicles using Hutt Road Rent of and tolls from ferries .. .. .. .. .. .. 2,082 (Finance Act, 1927 (No. 2), section 33) .. .. .. 25,786 .. 304,411 Temporary transfers from other accounts .. .. .. .. 150,000 150,000 Total loan charges .. .. .. 2,050,352 5,782,703 Subsidies, &c, in respect of other than main highways — Municipal Corporations (Municipal Corporations Act, 1933, section 71) .. .. .. .. .. .. 35,656 .. 309,101 County Councils and other local authorities (Finance Act, 1930, section 37) .. .. .. .. .. .. 177,980 .. 1,837,337 Subsidies to County Councils for rebate to ratepayers (Finance Act (No. 4), 1931, section 45) .. .. .. .. .. .. 253,893 Subsidy on rates levied on farming land (Finance Act (No. 3), 1934, section 28) .. .. .. .. .. Or. 179 .. 364,252 Maintenance and construction of roads giving access to outlying areas (Finance Act (No. 3), 1931) .. .. .. .. ... 45,918 Total subsidies .. .. .. .. 213,457 2,810,501 Balance, being excess of income over expenditure, carried to general — balance-sheet .. .. .. .. .. .. Cr. 67,450 468,738 £5,058,878 £42,099,049 . £5,058,878 £42,099,049 * Excludes £60,408 10s. 7d. interest credited. - , Note. —No charge for the cost of exchange on interest payments made in London is included in the accounts.