CITY FINANCE

Dominion, Volume 7, Issue 2229, 15 August 1914, Page 9

CITY FINANCE

RATES STRUCK ESTIMATES FOR THE YEAR At a special meeting of the City Council yesterday evening the Estimates oi annual reocipts and expenditure were passed, and the rates for Jho financial year were struck. The Mayor (Mr. J. P. Luke), presided. The Estimates and rates are as follow i Receipts. • . EstiLast mated year. 19H-1E Rents— X £ Reclaimed land 22,074 25,(KK Market reseive 1,372 1.60 C Pahiatua 817 817 Street widening properties 5,685 5.6W City reserves C 92 70C Sundry Sdi 630 Liceni^s— Auctioneeta "1,125 I.IOC -Dora 991 ?9C Publicans 1,901 'I.OOC Vehicles, -. .* 752 78C Wholesale 425 425 Other licenses 1,195 1.20 C Building fees . 930 95C Cemetery fees 2,044 2,00 C Government subsidy ' 450 450 Town HallLettings ■ ..'. 2,261 2.00 C Recitals , 233 60C Baths .. 689 70C Public lavatories 487 . 50C Sinking Fund Commissioners (annual payment) ... 200 20C Fees from reserves 746 74( Fire Brigade Account (rent and services) 668 700 Gas Co., Ltd., annual payment 372 40C Zoo, 163 60t Sundries • 1,344 1,500 General rate at 2 l-10d. in the & :.. 96,806 Estimated excess of Expenditure over' leceipte 2,395 151,387 Expenditure, ■ ■ ' : EstiLast mated year. 1914-15 £ ' £ Street works 33,030 45,085 Scavenging and ■ Street .'- watering 8,808 9,500 C/iltctioi and destruction of refuse .6,618 B,OOC Drainage 6,018. 6,000 Fire brigade •■■ »..■ 7,370 9,294 City reserves 7,504 10,050 Cemetery ..' 1,57fi 1,731 Street ,'lighting : '.. 8,573 B.IOC Salaries :.i 7,229 7,528 Baths f33 638 Town HullCurrent expenses l,O06„ 95C Interest on loans 3,2393? 3,238 Expenses oi. recitals 664 601 Printing, advertising, and '• ■ stationary : . 1,540 1.30 C Sanitary services ;..... 1,340 1,20 i Technical School '300 SOt Subsidy' to city' bands 200 . 201 Zoo ?....., 2,333 '1,802 Office wages and expenses 4,219 4,30 C Upkeep ot.Corporation property v 718 / 60C Public health. .......:. 90 1(K Government control street traffic ....;... 500 501 City conveniences and bath- • ing. sheds ~...,.......,. 926 75( Motor womsliops 393 • 40l Forestry '. 1,682 1,99; Miscellaneous (elections,' insurance, legal and sundries) .:......; ' 3,943 4,(KK Special— " Kilbirnie Sec. ground'... 3,103 —' ■ Lyall /Bay- Recreation • ground ..... 1,975 — Interest on Loans ChatgeaDLj to General Account Street Paving ixmns—' ..' ' Jt'55,001) at',4 per cent, and charges ' „ . — 2,21! J83575 at 4J. P.o. — . Nil £10,000 at'4J p.c. .-; —- 45; Strt'et Widening Loan- '■ ail2o,'K)i). at i p.c. .'. —' i,W Consolidation loam, 3-5 'to .-geueral account' .-......;.. — ~'2,801 ■Overdraft loan, 1897, .£36,900 ■• . ■■'. at 4 per cent. — J,47( Destructor loan, 5820,000 at . '4:per cent, . ■*-'■ , 80( Te A-ro reclamation loan, ■>".■■ 189/, .£1350., at'4s p.c.... -\- .. 15] Horse tramway-loan, ,£20,000 at 4 p.c. (halt-yeany) — • ■ 401 City works Juan, 435,000 at . 4 per cent — 1,40( Hunter Street endowment v loan, i! 6,500 at i p.c. ---661 Willis Street-Chews Lane widening loan, £46,000 at 4i. per. cent. i... — 2,071 Interest on overdraft and .'. ' . deposits — 1,201 Sinking Pu'ud Chargeable - ! to General Account. Street • widening loan i 120,000 at 1 per cent. — 1,201 Street paving and ' Town,, . , Hall Loans— at 1 per cent.... —. 1,051 ' .£25,375 ut 1 per cent. ... — 25; .£15,351 at 1 per cent — 15; Portion of Consclid'att'd Loan— 8-sths. of wC2OOO .'.■ - 1,201 City Works Loan, 335,000 at 1 per cent. — 351 Destructor Loan .£20,000 at 1 per cent. — 201 Hunter Street Endowment ' , Loan, 316,500 at' 1 p.c. — 16! Rates Earmarked. Water Bate.- Estimated receipts: Rat< at 2Jd. on aunuai value, £27,282; watei to karbour Board, £5360; watei to Uo vernuient, &MXI; water to public, £5150 water to corporation trading departments £1050 j repayments, £b00; estimated ex cess of expenditure over receipts, £1307 total, £43,(39. ' Estimated Expenditure.—Labour, ma tenal, and other works, £11,000; salaries £4&)0; printing, advertising, and office ex pehses and stationery; JS2SUO; Wainu waterworks loan and charges (£130,000 a 6 per cent.), 37868; consolidation loai (two-fifths to waterworks account), 31840 waterworks loan, 1897 (4J per cent, oi £5050), £227; water supp.y improvement l loan (4 per cent, on 3190,000 and charges) £7650; Northland and Wadestown wate: supply (loan £22,550 at 4 per cent.), £904 Wainui duplication loan (395,000 at 4 pe: 0 nt.), £3iiUo; sinking fund—water suppl; improvement loan (1 per cent, dn 3190,000) 31900; consolidation loan (2-sthsoi 32000) •£S(W; waterworks loan, 1910 (£IOO,OOO a 1 per cent.), 31000; total, 343,739. nates lor Hospital and Cuaritable Aid —Rate at 2 2-3 d. •in the 3 on . annua value will produce, 313,107. Estimatei expenditure, 313,027 ss. Bd. . Hate for interest and sinking fund oi city improvements' loan of 3100,000:Rate at 33-200 d. in the 3 on unimprovei value, 36376. Estimated expenditureInterest and charges September 1, 1914 £3,026; interest and charges, March 1 1915. 32,270; sinking fund, 3700; cost o collecting rates, 3250: total, £6246. Rate for interest and sinking fund o: sanitation loan of 3165,000.—Rate a 49-200 d. in tho 3 on unimproved valnc 39507. Estimated expenditure—lnteres and charges, 37490; sinking-fund, 31650 cost,of collecting rate, 3250; total, 3939 C Kate lor interest on sanitation loan o 333,000—8 ate at 7-Sood. in the 3, 31358 interest on loan oharges, 31325. . Rate for portion oi the interest on th consolidation loan of 3200,000:—Rate a 2fl-200d. in the 3 will produce (and reliev the general account to that extent), 33864 transfer from general and waterworks a( counts, 36206: total,- 310,070. Estimate expenditure—lnterest and charges, 38070 sinking fund, 32000: totai, 310,070. Rato for interest and sinking fund b M'>'rose, improvements loan of 333,500.-E.-".imated receipts—Rate at 63-200(1. i the 3, 31,846. Estimated exponditureI Interest on loan, 31507 10s.; sinking func £335! total. 31842 10s. Wadestown tramway rate.—Estimate receipts—Rate at 2Jd. will produce 3176S balanco carried forward, 3413 10s. lOd. total, 32176 10s. lOd. Estimated expenditure—Arrears of ii i torest and sinking fund, 3361 10s. lOd, interest and sinking fund, 1914-1915,3165 C cost of collecting rates, 3165: tota £2176 10s. lOd. Library Rate.—Estimated receipts—Sul scriptions, etc., 3855; rate at 17-200 d. i the 31, 33918: total, 34773. Estimate expenditure—Working expenses, 34271 museum expenses, 3250; interest, 32(K total, 34721. Rate for interest and sinking fund o drainage loan of, 3100,000 (part of Melros district).—Estimated receipts—Rate i 14fl-200d. in the 3, 35167. Estimated c: penditure—lnterest and charges, 3403! sinking, fund, 31000; total, 35036./ The smallest bird's egg ia that of tl Mexican humming bii'd. It u about tl 1 »li 6 of the held of a pin.