48
Statement No. 2.
Waterworks Renewals and Improvement Fund.
A. Capital expenditure from Revenue up to 31st March, 1948.
(1) Charged to revenue up to 31.12.38
$15,644,464 30,977
1939 Credit for sale of surplus plant
(ii) Charged to revenue in anticipation of a loan
Actual expenditure up to 31.12.39 Estimated expenditure 1940/41
$15,613,487 2,266,913 1,714,494 3,981,407 19,594,894
(iii) Expenditure from P.W.E. works of capital nature-
1948/49 1949/50
$ 6,650 1,148,981 1,155,631 $20,750,525
B.
2% of $20,750,525 being contribution to Renewals and Improvement Fund in 1950/51
Renewals and Improvement Fund as at 1.4.1950.
$ 415,010
NOTE: The credit balance of $1,100,093 brought down from 1940/41 has been written off as lost through enemy action.
To actual expenditure charged
1948/49 1949/50
$ 39,143 20,644
Actual contributions by transfer from P.W.R. sub-head sub-head entitled Contributions to Renewals & Improvement Fund.
1946/47 1947/48 1948/49 1949/50
$ 391,898 391,898 391,898 392,031 $1,567,725 $1,567,725
Estimated expenditure in 1950/51
985,000
Balance brought down 1.4.50
1,507,938
Net depreciation on revaluation of stocks held at 31.3.50
28,072
Estimated balance on 31.3.51
936,075
Dividend on investments to 31.3.50
Contributions due for 1950/51
26,199 415,010 $1,949,147 $1,949,147
NOTE: The securities in the hands of Crown Agents: $1,000,000 + dividends $26,199.00 - depreciation $28,072.46 = $998,126.54.