NO SURPLUS FUNDS
HIGHWAYS BOARD FINANCES AUCKLAND, Fch. 11. The financial position of the Main Highways Board was reviewed by the acting-chairman, Mr A. E. dull, today. “We have heard that the Board is so affluent that weean embark on any enlargement of .schemes in band without hesitation,” said Mr dull. “As a matter of fact the position is vastly different. The revenue now stands at £1,142,973, while authorisations for maintenance and construction works total £l-,365,457. leaving a cash shortage of £222,484. We do not anticipate that these authorisations will lie taken up before March 31st., but they are tnere to he. used. There is £.‘100,000 which we have authority to collect irom the Treasury when they are prepared to lot us have it. There is £50,000 still to be transferred from the Public Works account, and a further £57,784 in tyre and petrol tax which lias been collected, but lias not yet been paid to us, making a total of £137,784. Leaving out of account the money which was loaned to the Treasury two years ago, we are still £85,000 short in our accounts.”
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Hokitika Guardian, 14 February 1929, Page 5
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185NO SURPLUS FUNDS Hokitika Guardian, 14 February 1929, Page 5
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