CITY FINANCE

Dominion, Volume 7, Issue 2120, 11 April 1914, Page 5

CITY FINANCE

A SATISFACTORY YEAB. * The- o% finances for tho year ended March 31 wers brieily sumtivarisod far the information of the public by His Worship tho- Mayor (jlr. J, P. Luke) on Thursday, on the receipt of the sarati from the City Treasurer (Mr, Cfflllns), Tho complete statement is ts» be placed Wore tho next faceting of the FinanceCommittee, and will bo subimttedyo tho City Council on Sfoftciay eroiting, April 20. Tim SJnyor stated tlial tho receipts for tte' fifraiieial year just eveibMonnted to as cempai-ed with £231,211 for the year 191243. The exjHjndit-ujFO for the year was £226,-9 lO; as'agaiflst- £21.9,703 for tWyear prceoding. Tho ctedit bafaftee this year is. tints £170-2, as against filoM on Mardi 31". im. In specifying a fesv cf tlld mdre in-» teesting features of the balance-sheet tho lilayof said tUn4i tho baitU a>Scount, tflulo shovi'hwj a debit balaiico in respect of thfe district fund account, shoved on all heads it net credit balance of £8869. In. rcgattl is ilio. sposia] eSpendittiro aCEOirnt tlw receipt-j Ivad ftnioun;fc(?d to £54,31.8 and U» oxpendifflre to £87,203. the principal items of spesial oxpcttHiitaiKi ivei'e cantai'iiccl in thp cofttintiation of the JEclisoso district dfttinago which had absorbed £.13,080; rechffliiifoH and eoiistrutitisit of the Kflbirnio Recrealbn Ground, £3103;. ami Lyali Bay. HoorcaiJofl Qroiffid, jgi&P'S. In rcfinrti to tte first itcm'riie .Mayor -ex* plaitied thati tho i'Oimei) Ivad ds-e.mccJ it desira'bfo, in the interests of tb* eomimmitjr - And. public health, to junsli on tho work of draina-go in the witlying district, ttmtigh tho loaM for that piii , - iTOse liatl now linen c : xiiattstel. TJro osppncJituiv Iwd Jitvt only in mtikilili tl'o jijalii puMio .drains, but abo 'in proritling ceiifloctioii< to jjrivate dwell-' ings oji Bio rlefoTrtd payment svsteisi, These «nd other items of Bpccjai ex-pen-ditiU'o, such as estcnsTiuts" of water snpply, arc of a. noii-recnirriiig HDhsfiS. In r«s(ar<t to th<? general exuendituro t!io- Sfayor st-ntfirl th-it- it )i;id Itefen kept pretty w>ll wi'tliiii lsi-6 scortc of tho on- : iTinil.J estimates nt th« of tins fuisiiiciiil year. "I rtiay say, mid I think that tho emmc-fl will a^tfeo,* , colickulcdtho Mayor, "that tte finances aro very sfttisfacteiy." =rT^^»*^ l : - -":.lrti l .'. I .J