CITY'S FINANCE

Dominion, Volume 7, Issue 1918, 28 November 1913, Page 4

CITY'S FINANCE

STATEMENT BY THE MAYOR. A statement showing the position o'j tie dlyi.nal.ee3 at the present'tinm "as mule by the ' Ma'yor"(J!,.. J.- p Luke) at I ? rt night's meeting of the Uty Council in older, that all councilInn, might i haw the same-grasp- of a the member;: of the Finance Committee. The Mayor said: "The bank account shows a net debit balance of £2408 19s. id. on the revenue accounts, made us as follows •— ' Cr. ■ I „ . , ' £ s. d. account.. 1.535 8 10 Electric light-ins; account 26-4-15 19 5 Jramways account 2L085 12 C nojioi-.n] accident fund 2J4H3 16 3 Tramways and lighting acv> cidcnt fund .747 ig 7 Act debit balance 2,406 l ( j 4 54,680 12 11] „.,... , £ ,s. d. District funci account ... 54.6.30 12 jl "Since September 30 we ' \raxo refunded deposits amounting to £13,000 and now hold £29,097 ss. 10d.- as against £42 ; 597 ss. JJd. in September. Drainage Outlying Districts. "The amount now drawn on district fund i'or the purpose of drainage in the outlying districts amounts to £s<Al 10s. od. Kates. "The rates collected to November 20 amount tn £72,002 14s. lid. At tho same dale last year £72,672 17s. 4-d. bad been collected, so that the variation is slight-. Altogether, we have about £155,001) to collect, and the rates"Vill continue to come, in freely for some time to come." The .Mayor added that the matter of continuing the drain.-.go for tho outlying districts was one that the council would! havfl to concern itself about He thought that at- the next meeting tho council should definitely determine what was- to bo done in tho matter.