CO129-554-1 Loans for public works 13-3-1935 - 30-11-1935 — Page 27

2.

26

over the amount inserted in the original Schedule.

Item No.8 - Allowing for the a bove adjustments this

item will be reduced by $136,177 and the new loan Schedule

will then stand as follows:

•

Item No.1

•

$2,555,703

2

10,043,531

3

1,930,000

4

4,631,000

5

800,000

6

895,000

7

3,864,943

8

279,823

$25,000,000

I now move etc., etc., etc. (See Enclosure No.1.)

Two formal resolutions in connection with over expenditure during the financial year 1934 are also required

for audit purposes.

1.

Aberdeen Valley Water Scheme.

The total spent under this head amounted as shewn above to $2,555,702.78 which exceeds the Revised Estimated Total Cost by $77.08. This figure ($77.08) also represents the amount spent in excess of the approved estimated expend- iture of $56,000 during 1934 (Hansard p.145 1933).

2.

Gorge Dam.

The approved estimated expenditure for 1934 was

$1,735,000 (Hansard p. 145 1933) whereas the actual expenditure for the year was $2,232,171.92 an excess of $497,171.92, due

to the work being expedited.

1 now move etc., etc., etc. (See Enclosure No.1.)