P -32-
215
Other Charges show a small roduction of $1,000 but an extra $29,120 is required for Special Expendituro to purchase more mechanical accounting dovicos. Consequently expenditure on this head has rison by $92,137.
Head 43. Custodian of Proporty.
Estimate 1949-50.
Revised Estimate 1948-49.
Approved Estimate 1948-49.
Actual Expenditure 1947-48.
$42,600
60,000
61,020
118,637
The activitios of this department have been
further reduced and rotrenchments in staff and cuts in recurrent expenditur. have effected a saving of $18,420.
Head 44. Colonial Development and Welfare Scheme.
Estimate 1949-50.
Revised Estimate 1948-49. Approved Estim to 1948-49. Actual Expenditure 1947p48.
$2,316,480
Expenditure on schemes approved by the Secretary of State for the Colonics under the Colonial Development and Welfare Act are now shown for the first time under a single head of expenditure. Hitherto such expenditure has been on a very small scale. Each sub-head is also shown under revenue and receipts and disbursements offset each other.
The reclamation at Aberdeen is to be used for the salting and drying of fish, and fishing boats will be able to borth alongside. The agricultural village depots, for which provision is made under sub-heads 2 and 3, will serve as collecting stations for vegetables for sale under the Vogetable Marketing Schome, and as distribution centres for seeds, fertilisers and insecticides. Demonstration phots will be laid out in the vicinity of each depot.
Sub-head 4 providos for the installation of radio sonde and radar wind-finding stations to be oper- ated by the Royal Obscrvatory. Sub-head 5 provides funds to enable a start to be made on the construction of the proposed Fisheries Research Station.
Loan Expenditure.
Expondituro from Loan funds is being continued. Up to the 31st March, 1948, cxpenditure from this source amounted to $57,269,913, and it is estimated that by the 31st March, 1949, this figure may have been increased to $98,467,615. Of the balance which still remains available, over $12,000,000 is carmarked for new rolling stock for the Kowloon-Canton Railway, which is coming forward very slowly; and a further $8,000,000 is earmarked to enable work to be started on the new Airport as soon as a final decision is reached on the question of the s ito. This of course only represents a fraction of the probable total cost but, as part of the war expenditure settlement, His Majesty's Government agreed to make a loan of £3,000,000 to the Colony free of interest to assist in meeting construction costs. Some $6,500,000 from Loan funds is being provided
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