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NOTES ON THE ESTIMATES 1941/1942.
ESTIMATED FINANCIAL POSITION.
A.-Revenue and Expenditure, 1941-42.
$54,836,000
1. Change in Financial Year.
The Financial Year of the Colony will in future begin on 1st April and end on 31st March instead of 1st January and 31st December as hitherto. In order to bring this change into effect the 1940-41 estimates were based on a period of fifteen months, i.e. from 1st January, 1940 to 31st March, 1941. The present estimates are based on the period of twelve months beginning on 1st April, 1941 and ending on 31st March, 1942. By comparison with the 1940-41 estimates, therefore, many sub-heads show a 20% decrease.
Where decreases are solely due to this shorter financial period no special explanation has been made.
1. Estimated Revenue
2. Estimated Expenditure:-
Recurrent
2. Rate of Exchange.
The rate of exchange has been taken at 1/3d. to the dollar for sterling salaries paid in the Colony and at 1/24d. to the dollar for all other purposes,
3. Pension Privileges.
All non-pensionable posts are printed throughout the estimates in italics.
4.-Quarters and Rent Allowance Privileges.
(a.)-Sterling-paid officers.
To enable true comparisons to be made between scales of salary to which different terms ae to payment of rent for Government quarters, if occupied, are attached, the terms applicable are indicated as follows :—
(i) officers entitled to free quarters are shown by an asterisk, (*).
(ii) officers liable to pay rent on the basis of 6% of their salaries are shown by
a dagger (†).
(iii) the remainder, who are liable to pay rent on the basis of 12% of their
salaries, bear no indication.
In all cases officers not occupying Government quarters are eligible for rent allowances
at rates varying in accordance with their liability as to rent for quarters.
(b)— Dollar-paid officers.
If on the permanent establishment, dollar-paid officers do not normally pay rent for Government quarters which they are required to occupy in connexion with their work; and they are eligible for rent allowances at various rates in accordance with General Orders if not occupying such quarters.
$41,905,084
Special Expenditure
3,204,824
Public Works Extraordinary
4,979,504
War Expenditure
12,300,274
62,389,776
ESTIMATED Deficit
B.-Estimated Position at 31st March, 1942.
Excess of Assets over Liabilities at 1st January, 1940
Revised Estimate of Revenue for 1940-41
Revised Estimate of Expenditure for 1940-41
$ 7,559,776
$17,091,170
67,000,000
$84,091,170
66,877,500
Estimated General Revenue Balance at 31st March, 1941
Deduct Estimated Deficit 1941.42
17,213,670
7,558,770
ESTIMATED GENERAL REVENUE BALANCE AT 31ST MARCH, 1942
$ 9,659,894
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