12

Rev. Est.

Exp. 1936.

Est. Exp. 1937.

Est. Exp. 1938.

Head 2(5) 2nd 24"

Trunk Main

300,000

50,000

Head 2(6) 3rd Rapid

Gravity Filters

250,000

50,000

Head 3. Vehicular

Ferry.

62,022

Head 4. New Gaol at Stanley

2,600,000

349,288

Head 5. Tytam Tuk

Catchwaters

55,631

Head 6. Air Port

(b) Airport and

Seaplane Slipway

214,068

62,000

(c) Wireless Tele-

graph Station

62,827

Head 8. Central

Market

200,000

350,000

Head 9. Public

Works (Unallocated)

49,990

TOTAL :

5,481,722

1,075,988

399,990

Expenditure temporarily charged or to be charged to

Surplus Balances pending Second Issue of Bonds:-

5,481,722 1,075,988

399,990

The 3% dollar bonds amounting to

$14,000,000, issued in 1934 at 99% produced $13,860,000.

At the end of 1935 $18,042,298 had been expended, the

balance being charged against surplus balances. This

method of finance was continued during 1936. The

revised estimated total expenditure against loan works

as at 31st December, 1936, amounts to $23,524,020, of

which $9,664,020 will have been advanced from surplus

balances. Colonial Treasurer states that it will

probably be necessary during 1937 to borrow further

money

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