ACCOUNTS BRANCH 



DURING the year ended March 31st, 1964, cash receipts of the Department of 

 Lands and Forests totalled $23,224,226.29. Total cash disbursements 

 amounted to $31,372,153.84, representing an excess of $8,147,927.55 in disburse- 

 ments over receipts. 



Total receipts show a nominal increase over the previous year, due mostly to 

 the sale of Crown timber. 



The increase in expenditures on the ordinary account is due to higher 

 operating costs and normal expansion. 



