43
STATEMENT No. 2
WATERWORKS RENEWALS & IMPROVEMENTS FUND Capital Expenditure from Revenue up to 31st March, 1948.
(i) Charged to Revenue up to 31.12.38 $15,644,464
1939 Credit for sale of surplus plant 30,977
$15,613,487
(ii) Charged to Revenue in anticipation of a loan... $2,266,913
Note:- Expenditure from P.W.E. Works of Capital nature in 1947/8 - Nil.
2% of the above amount being contribution to the Renewals & Improvements Fund in 1948/49.
1,714,494
3,981,407
$19,594,894
B. RENEWALS & IMPROVEMENTS FUND
(Note: The credit balance of $1,100,093 brought down from 1940/41 has been written off as lost through enemy action)
1946/47. Credit-Contribution in 1946/47 $391,898 $391,898 Balance carried down $391,898 1947/48. Balance brought down $391,898 Credit Contribution in 1947/48 391,898 $783,796 Balance carried down $783,796 1948/49. Balance brought down... $783,796 Contribution 1948/49 391,898 $1,175,694 By Expenditure charged 1948/49 $39,143 By balance carried down* 1,136,551 $1,175,694 $1,175,694$1,000,000 invested by Crown Agents.