CO129-525-3 Estimates 1931 and other financial papers 16-1-1930 - 1-9-1932 — Page 7

7

(5) As the scheme is still so indefinite

there will be no harm in reducing the provision

in the estimates.

?

Ratteylang to me Approve.

(6) Comparative figures of Colonial

Revenue and expenditure in recent years are as

follows:-

Revenue Expenai ture Balance.

8

8

8

+ Excludes

1927

$1,963,359

recovered from

1928

Public Works Loan

1927.

1929

1930 Appd.

21,344,537 20,845,063 23,005,040+ 21,230,242 + 23,554, 475 21,983, 257 +

22,712,920 27,268,515

+ 499,474

1,774,798.+

1,571,218

-

4,555,595

Est.

Rev, Est. 24,066,000 28,303,500

·

4,237,500

1931 Est.

27,488,759 29,787,855

>

2,299,096.

31.12.27.

31.12.28.

31.12.29.

Balance of Assets.

8

3,985,761

8,091,633 (86,604,345 liquid)

X

9,662, 852

31.12.30.Rev.Est. 5,425,35】

X corrected

31.12.31 Est.*

3,126,256

(The figure for Balance of Assets on

31.12.31 is not that given in Appendix "B" to

the Treasurer's memo randum, but he seems to base his calculations on a different total of expenditure (1931) from that appearing in the Draft Estimates)

It is not customary to approve the

estimates