CO129-597-1 Estimates 1948 15-11-1946 - 12-6-1948 — Page 74

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12.

To turn to the expenditure side of the Estimates,

recurrent expenditure is estimated at $109,834,355, while

the special rehabilitation expenditure which it will be

necessary to undertake during the year and which it is

proposed to meet from loan is estimated at $60,399,400.

This compares with an estimated figure of 890, 077, 129

for recurrent expenditure for the eleven months ended 31st

March, 1947, and $7,777777,447 in respect of special

rehabilitation expenditure and Public Works Extraordinary.

Owing to the very considerable delays in deliveries of new

equipment, it is probable that slightly less than forty.

million has actually been spent under special expenditure,

but as the Crown Agents' detailed accounts are

considerably in arrears, no exact figure can be given at

this stage. Debits from other Governments are also

received very much in arrears owing to the very indifferent

mail service, so that the payment of any large claim or

the delivery to the Crown Agents during March of large

quantities of rolling stock for the Railway would completely

upset any estimate of actual expenditure for 1946/47 which

may be attempted. Indications are, however, that recurrent

expenditure approximated to the estimated figure of ninety

million, and that special expenditure, including Public Works

Extraordinary, totalled about forty million. Actual revenue

for 1946/47 amounted to seventy-eight million so the actual

deficit is estimated at fifty-two million. This may be

regarded as not unsatisfactory when it is considered that

the Colony has only been re-occupied for a period of

eighteen months.

13.

Personal emoluments in the 1947/48 Estimates

total $22,198,718 as compared with $23,904,128 in 1946/47,

which includes the provision made to cover the emoluments

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