Annual report on Northern Rhodesia / Colonial Office.

  • Great Britain. Colonial Office.
Date:
[1961]
Catalogue details

Licence: Public Domain Mark

Credit: Annual report on Northern Rhodesia / Colonial Office. Source: Wellcome Collection.

    22/158 (page 20)
    The main item of expenditure in the financial year ending 30th June, 1961, was that on the Police, amounting to 16 pei cent of the total. The next highest item, representing 15 per cent of the total, was that of an administra¬ tive and recurrent nature incurred by the Ministry of Transport and Works. This was followed by the Ministry of African Education and the Ministry of Native Affairs which accounted for 14 per cent and 11 per cent respec¬ tively of the total expenditure. Recurrent expenditure, excluding appropria¬ tions from the general revenue balance, was £14,804,802 in 1958-59, rising to £16,204,820 in 1959-60, to £18,293,319 in 1960-61 and to £19,775,002 in 1961-62 if estimates are proved correct. Recurrent revenue for 1958-59 amounted to £16,652,086 and for 1959-60 it amounted to £16,721,765. In 1960-61 it rose to £18,890,271 and the estimate for 1961-62 is £19,789,800. The main sources of revenue to the Capital Fund in the year ended 30th June, 1961, and estimated revenue for the following financial year are as follows: Up to Estimate 30thjunes for 1961 1961-62 £ £ Appropriations from surplus balances . 1,500,000 500,000 Loan flotations (including contributions from pensions reserves) ...... . 2,481,256 2,065,000 Colonial Development and Welfare Grants 402,955 473,957 Capital repayments ..... . 1,009,357 905,149 Reserves ....... 400,000 2,500,000 Special project finance ..... 90,000 600,000 Minor sources ...... 55,711 155,322 Expenditure from the Capital Fund was £8,629,090 in 1956-57, £8,083,936 in 1957-58, £8,976,307 in 1958-59, £8,384,510 in 1959-60 and £7,517,474 in 1960-61. The estimated expenditure from the Capital Fund in 1961-62 is £7,916,992. The preliminary plans for capital expenditure during the period 1st July, 1961, to 30th June, 1965, total £30,000,000. As at 30th June, 1959, the accumulated surplus stood at £2,308,344. Drawings to finance development and capital items resulted in the surplus being reduced to £915,144 at 30th June, 1960. A surplus in the 1960-61 financial year more than offset drawings for development and capital items and the accumulated balance in hand at 30th June, 1961, was increased to £745,556. It is estimated that the accumulated surplus will be reduced to £450,002 at 30th June, 1962, because of further drawings to finance development and capital items. Transfers to the Capital Fund will reduce the Reserve Fund to £4,050,000 at 30th June, 1962. Tables showing the statements of revenue and expenditure for the financial years 1953 to 1960-61 are at Appendix III.