DUNEDIN CITY COUNCIL COMMITMENTS.

Press, Volume LVII, Issue 17121, 16 April 1921, Page 12

DUNEDIN CITY COUNCIL COMMITMENTS.

(special to "the PRESS."/ , DUXED4N, April 15.

Councillor Taverncr (chairman of the Finance Committeo of tho City Council) gavo some interesting- information at tho City Council meeting • -while speaking on the financial'aspect of tho future. He pointed out that according to the report of the Finance Committee, which had been adopted, there was the- sum of £414,000 tailing duo next year, which had to be provided for. in addition to that instructiops had just 'been Ten t' l6 Town Clerk to take steps to raise a loan of £350,000 for development and extension work in connexion with the Waipori. electric undertaking. This latter sum would be required; within two years t<> in coiifnrmity- with tvhafc was being dono in btlier parts of the Dominion with Government assistance and the committee I'Ho'iight that <|he Government couJd readily be approached for assistance iii the master. Not only was the-loan required to provide extensions that' I would bo a public utility, but they wei"o also doing something that would really bo more of a national asset than merely a city ".T.quirement. ( In view of the financial outlook at the present time the Government might well take tKo matter into consideration. Tliat brought their total commitments within tho next eighteen nioriths or two years to a total of £864,000. Iti connexion with the .Council's trading departments, CiV said 7w was pleased to be able to place beforo Councillors _ tho figures for the yonr. The position was Chat they had a not profit of £47,120 agrainst £53,314 last year, u,-decrease of £9194. Many of their expenses showed sv great increase, but he was disposed nevertheless to roci'.rd the result as being very successful. " '