HEALTHY FINANCES

Bay of Plenty Beacon, Volume 1, Issue 72, 9 October 1939, Page 5

HEALTHY FINANCES

HARBOUR BOARD'S YEAR RECEIPTS INCREASE OVER ESTIMATE

The Whakatane Harbour Board's receipts for the year ended Septem- ' ber 30 were £9962 2s 7d, said the ; secretary, Mr C. G, Lucas, reporting : at the meeting on Friday in the County Council Chambers. This sum ; was made up of £4645 wharfages. £>2984 rates (including native rates) 1 £1684 rents, £418 towages, punt and slip hire, and £231 recovered pavments. The estimated receipt was £8870, .j the principal increases over this figg ure being £144 wharfages, £484 rates and £119 rents. e The expenditure was £9204 10s Otl. i- against an estimate of The [. principal items making up the diEference were wharves and buildings, £365, reclamation £211, miscellane- . ous expenditure £359. The secretary said that wharfages 1 for August had been £307 6s Id, . . nnn/« nr\~'l J\ 4?.IAQ An rf—

against £351 and £-103. m Au 0 - ust of 1936/1937 and 1938. September wharfages' had been £464, as against £371, £491 and £464 in the three preceding years. Mr Lucas said that he would furnish the board with a detailed statement at its next meeting. He stated that the expenditure on the centennial park was to September 30, £132 19s 3d. This figure did not take into account the outstanding accounts for the month o-il September which had not yet been received ? and which might amount to about £60 or £70. The curtailed expenditure resulted from the decision of the board to renew the wooden wharf, which was in state of disrepair, as soon as possible. The effect of the policy ha'l been to give the board a closing credit balance of £2148 9s 4d. In connection with the wharfi. C. H. Brebner, the engineer stated in his report that owing to unforeseen circumstances he had not been •dile to complete the plans for the »cw concrete wharf, However, the work would be advertised before the '>nd of tha present month without r ail. • ;