XN000022-1973-02-28 — Page 19

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Wednesday, February 28, 1973

Supplementary provisions, approved up to February 19, amounted to

$525 million, bringing the total provision for the year to $4,182 million --

an increase of 14 per cent on the original estimate.

"The difference between this figure and the revised estimate of

$3,866 million is the inevitable result of the time lag between authorising

expenditure and expenditure actually taking place," he said.

Another offsetting factor, he added, had been the level of expenditure

on Public Works Non-Recurrent which was likely to be $75 million less than the

original estimate, mainly because progress on major waterworks projects had not

been up to expectation.

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