GREY HARBOR BOARD.

Greymouth Evening Star, Volume XXXI, 17 April 1901, Page 2

GREY HARBOR BOARD.

Tin; published balance-sheet of the Greymouth Harbor Board for the year ended December 31st, 1900, shows that the year began with a credit balance of £8,169 lis 3d, while revenue amounted to £22,956 9s 9d, bringing the total up to £26,120 Is. The expenditure for the same period was:— Interest and Sinking Fund'.. £l),000 0 0 Public Works .. .. ;j,107 0 '2 Harbor Stall'.. .. .. 1,148 0 0 Office and Departmental .. 1,142 9 8 Tug Westland .. .. 1,171 18 2

£15,56!) S 0 Thus leaving a credit balance of revenue over expenditure for the year of over £lO iSOO. Undoubtedly this is a very satisfactory result, and so far as can yet be gimged, the present year will even be better. As to liabilities of the Board, it owes on loan No. 1 CIOO,OOO due in 1925. Of this sum there is already accrued sinking fund of £22,228. " Tho second loan of £IOO,OOO is repayable to Government in January, JiJOli, and will, of couive, have to bo renewed. At the date the balance-sheet was made out the Board

bad to credit of current account) in the Bank o£ New Zealand .£12,010 { '> : - M. 'J'o enable tho Board to proceed with further burbor improvementK, Parliament lias authorised the Board to borrow it further loan of .£OO,OOO, but if the revenue keeps up there will be no need Lo float I bin loan during the present year.