CO129-524-1 Reports of Salaries Commission 31-12-1929 - 27-10-1930 — Page 138

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moreover, little doubt that the savings which

inevitably occur every year will more than offset

the loss from the fall of the dollar. If the

liquid surplus balances of the Colony, estimated

on January 1930 at $8,041,363 may properly be used

to supplement normal revenue for the purpose of

meeting votes for Public Works Extraordinary, and for

certain heavy items of non-recurrent expenditure included under the heading of special expenditure, we are left with the following analysis for 1930:-

Estimated Total Revenue

$22,712,920

Deduct Land Sales

$1,000,000

Estimated Recurrent Revenue

$21,712,920

Estimated Total Expenditure

$27,268,515

Deduct Public Works

Extraordinary $3,840,750

Royal Naval Volunteer

Reserve disallowed

25,433

Certain heavy items

of non recurrent

special expenditure)

$1,015,000 $ 4,881, 183

Gross Recurrent Expenditure

$22,387,332.

10. These figures show an estimated

deficit of $674,412, as between estimated

recurrent revenue and gross estimated recurrent expenditure; but I fully expect the recurrent

revenue to exceed the already approved

recurrent expenditure in the light of past

experience.