Finance of the Development Fund. 66 The following statement shows the balances in (1) the Old or Ordinary Fund, and (2) the "New" or Special Fund provided by Section 3 of the Corn Production Acts (Repeal) Act, 1921, on the 1st April, 1926, and the receipts and payments during the financial year 1926-27 :— : 1. ORDINARY FUND. Balance on 1st April, 1926 (cash and invest Payments during the financial year 1926-27: Advances by way of grants ... 239,476 It will be seen that on the 31st March, 1927, there was a balance of £103,160 in the Ordinary Fund. Against this balance. must be set grants and loans recommended, but not actually paid out of the Fund at that date. In order to meet these liabilities, to provide for advances required to meet the cost of maintaining existing schemes, and for any new schemes recommended subsequently to 31st March, 1927, the balance has been supplemented by a grant of £250,000 provided by Parliament in the Civil Services Estimates for 1927-28. 2. SPECIAL FUND. This Fund was expressly provided by the Corn Production Acts (Repeal) Act, 1921, for promoting agricultural development, including the establishment of scholarships and maintenance grants for the sons and daughters of agricultural workmen and others, and it was originally calculated to last until March, 1927. Expenditure from this Fund is limited to England and Wales, a sum of £150,000 having been paid into the Agriculture (Scotland) Fund for similar purposes in Scotland. Payments during the financial year 1926-27 : Advances by way of loan ... 262,171 ... 262,171 Balance in hand on 31st March, 1927 (cash and investments at cost) £125,347 SCHEDULE OF GRANTS AND LOANS RECOMMENDED BY THE DEVELOPMENT COMMISSIONERS DURING THE YEAR ENDED 31ST MARCH, 1927. 66 NOTE.-The word year," unless otherwise expressed, means the financial year ending 31st March. The words academic year mean the year ending 30th September. Agricultural Research Institutes: maintenance : ... Six months ending 30th September, 1926 Aberystwyth Plant Breeding Horticulture Fruit, &c., Preserving ... 2,560* 2,129 ... ... * In addition to £9,440 recommended last year. Imperial College of Science: Plant Physiology 6,020 5,060 6,250 5.000 ... Royal Veterinary College: Animal Pathology Waltham Cross: Glasshouse Crops Bonus and Contingencies ... Rothamsted Experimental Station: Grant towards cost of glasshouses ... ... ... Waltham Cross Experimental and Research Station : : Research into small animal breeding at Cambridge: Additional capital grant in aid of equipment Experiments in the North of England in the breeding of poultry for egg production : Maintenance grant for year 1926-27 Experiments at the South Eastern Agricultural College, Wye, in the breeding of poultry for table use: ... Additional maintenance grants for academic ... ... Maintenance grant for academic year 1926-27 ... National Institute of Poultry Husbandry at the Harper Adams College: Grants in aid of capital expenditure ... Cambridge Plant Breeding Institute: Investigation into virus diseases of the potato: 1,558* 2,500 120 650 202 1,019 285 2.682 ... Foot and Mouth Disease Research Committee: Travelling Fellowships and representation at Inter- ... Advisory Officers in Entomology, Mycology, Chemis £ 15,000 Year 1927-28 885 Seale Hayne College, Devon Wye College, Kent... Bonus and Contingencies Advisory Officers in Agricultural Economics: Academic year 1926-27 ... 2,460 ... 3.690 ... ... ... 2,655 415 Dairy bacteriological work at certain advisory centres : Academic year 1926-27 Cheshire County Council: Final grant towards loss on experiment in arable dairying at Reaseheath £ Advisory work in the rationing of dairy cows: Academic year 1926-27 1,400 Norfolk Agricultural Station: Grant for salary and expenses of the Director: Calendar year 1926 1,000 (See also loan below) Royal Veterinary College, Camden Town, London : Grant in aid of the cost of new buildings and renovation of existing buildings ... ... ... 35,000 Royal Agricultural College, Cirencester maintenance grants: Academic year 1926-27 ... Six months to 31st March, 1928 2,000 1,000 East Sussex County Council: Establishment of a Investigation into new systems of farm management conducted by the Institute for Research in Agricultural Economics, Oxford: Academic year 1926-27 Scheme for the systematic testing of varieties of farm crops: 1,030 2,985 Eastern Counties Soil Survey: Grant in aid of its completion by the School of Agriculture, Cambridge Research work in pig husbandry at the Harper Adams Academic year 1926-27 Norfolk Agricultural Station: Loans towards working capital of farm (£500), and the cost of houses. (£900). (See also grant above) In addition to a grant of £7,575 recommended last year. See page 147 of Commissioners' last report. + In addition to a grant of £3,970 recommended last year. |
