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Tuesday, 16 August 1960

Expenditure on capital works and services in 1960-61 is estimated to be £139,921,000, compared with £142,060,000 in 1959-60. There is thus an estimated reduction of £2,139,000.

Amongst the various items, some of which show increases and some decreases on expenditure in 1959-60, the largest reduction is in the estimate for the Snowy Mountains Hydro-electric Authority. Actual expenditure by the authority last financial year was £28,250,000. This included £2,650,000 provided in additional estimates to meet expenditures due to exceptionally rapid progress on some of the major contracts. The amount to be provided this year is £18,500,000.

Provision of £37,300,000 is being made for expenditure on Post Office technical equipment. This represents an increase of £1,642,000 on expenditure in 1959-60.

Expenditure on civil works to be carried out by the Department of Works in 1960-61 is estimated at £16,887,000. an increase of £3,298,000 on last year when expenditure fell considerably below the Budget estimate.

An amount of £4,750,000 is being provided for the Albury-Melbourne rail standardization project. Expenditure last year was £3,672,000.

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