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£ Loans repaid in the year 1921-22 148,685 Loans outstanding on 31 March 1922 826,874

£975,559

W. F. Marwood,

Accounting Officer.

8. d.

Loans outstanding at 1 April 1921
Loans in the year 1921-22 ...

234,533
741,026

£975,559

5 (16119638 Wt 29149-2259 625 3,23 E & S

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Il

For Improvement of Roads =

County Councils
County Borough Councils
Borough Councils
Urban District Councils
Rural District Councils
Metropolitan Borough Councils

158,036

4,894
5,711
9,915
6,593
19,259

202,910
22,458
41,427
51,256
29,678
73,957

360,946
27,352
47,138
61,171
36,271
93,216

72,613

4,729
11,634
13,884
2,781
7,736

דרדווד

288,333
22,623
35,504
47,287
33,490
85,480

TTTTT

288,333
22,623
35,504
47,287
33,490
85,480

1,540 8 10 1,540 8 10
246 17 7 246 17 7
496 11
9 496 11

9
192 1 3 192 1 3

100 19 10

100 19 10

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* Paid in April, 1922,

† In addition to this amount 4,7661, capitalized interest payable over a period of 10 years was outstanding at 31 March 1922.

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Against this balance, liabilities to the extent of 11,897,0001, existed at 31 March 1922, on account of Grants inade or promised but not paid, and Cost of Collection, &c., due to Local Authorities. The free balance is part of the collection of duties during the three months January to March, 1922, to be devoted to Grants during 1922-23.

W. F. Marwood,

Accounting Officer.

I have examined the above Accounts. I have obtained all the information and explanations that I have required, and I certify, as the result of my audit, that in my opinion the above Accounts are correct.

Malcolm G. Ramsay,

Comptroller and Auditor General.

REPORT OF THE COMPTROLLER AND AUDITOR GENERAL.

Road Works for Relief of Unemployment. 1. The Road Fund Account shows that considerable payments have been made during 1921-22 on account of the cost of road works in Great Britain, which have been put in hand sooner than they would have been, with a view to the relief of unemployment.

Towards the cost of these services large sums have been received from Voted Moneys as follows :

(a) 470,0001. issued from Unclassified Services Vote 12—“Road GrantsUnemployment Relief,” Subhead A—to cover loans made to Local Authorities. This sum has now been repaid by the Road Fund.

(b) 380,000l. from Subhead B of the same Vote on account of contributions equal to twelve fortieths of the sums finally chargeable to the Road Fund in connexion with the 1920–21 Programme.

(c) 260,0001. from Unclassified Services Vote 13—“ Unemployment Grants towards a total estimated cost of 588,0001. for certain works in the 1920–21 programme to be carried out by the Roads Department of the Ministry of Transport through contractors.

(d) 563,0001. from Unclassified Services Vote 18—“Relief of Unemployment”towards a total estimated cost of 2,327,0001. for works in the 1921–22 programme, carried out in the same manner as in the preceding paragraph.

In the printed Report by the Ministry of Transport on the Administration of the Road Fund for 1921–22 (paragraphs 8 to 10) particulars are given of the works referred to above, in respect of which very large commitments remained at 31 March

19638

B

REPORT OF THE COMPTROLLER AND AUDITOR GENERAL- continued.

Transfer to Northern Ireland. 2. The Account includes a payment to the Government of Northern Ireland of 100,0001, on account of that Government's share of the Road Fund at 22 November 1921, from which date the Fund ceased to receive Motor Vehicle Duties collected in Northern Ireland, and to be chargeable with grants for North Irish Roads. This payment on account has been duly covered by an order made by the Joint Exchequer Board, determining the principles on which apportionment to Northern Ireland is to be made.

Further advances amounting to 110,0001. have been made in 1922–23, and any Report that may be found to be necessary in regard to transfer to this Government and to the Irish Free State will be made on the Account of that year.

1

Malcolm G. Ramsay,

Comptroller and Auditor General.

EXCHEQUER AND AUDIT DEPARTMENT,

15 February 1923.

Printed under the authority of His MAJESTY'S STATIONERY OFFICE
By Eyre and Spottiswoode, Ltd., East Hardiug Street, E.C. 4,

Printers to the King's most Excellent Majesty.

ACCOUNT of the COMMISSIONER8 for the REDUCTIOy of the

NATIONAL Debt, showing the Amount Received from the
Exchequer in respect of the OLD apil New SINKING FUND8,
in the Financial Year ended 31 March, 1923; also, of the
Particular Application thereof; pursuant to Section 7 of the
Act 38 & 39 Vict. C. 45.

Treasury Chambers,

16 May, 1923.

}A.

B. BOYD-CARPENTER.

(Presented pursuant to Act 38 & 39 Vict. C.. 45, s. 7.)

Ordered, by The House of Commons, to be Printed,

16 May, 1923.

LONDON :
PRINTED & PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE
To be purchased through any Bookseller or directly from H.M. STATIONERY OFFICE
at the following addresses: Imperial House, Kingsway, London, W.C.2, and

28 Abingdon Street, London, S.W.1; 37 Peter Street, Manchester;
1 St. Andrew's Crescent, Cardiff ; or 120 George Street, Edinburgh.

1923

Price 2d, net.

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