BOROUGH FINANCES.

Manawatu Herald, Volume XXIX, Issue 3765, 7 May 1907, Page 3

BOROUGH FINANCES.

The Treasurer’s report was read as follows at last night’s Borough Council meeting : Since the last monthly meeting the sum of ,£25 ios id has been paid into the District Fund Account, which this day had 2s yd to its credit. The balances of the various accounts are as follows; General Account 115 15s 3d (overdrawn), Library Account £4 16s 5(1, Reserves Account ,£294 13s 1 id, Cemetery Account 5s 1 od, Interest Account ,£lls os 3d (all in credit). In submitting to you my annual Estimate of Receipts and Expenditure, you will note I have allowed a large sura for maintenance of streets and roads, £673. This is mainly owing to the very small amount that we were able to do to them last year, and consequently they will require extra this year, and also to the fact that the concrete kerbing and subsequent repairs to footpaths must be provided lor. Notwithstanding this, I am pleased to state that the general rate this year can be reduced from is qd to is 6d, and that it will not be necessary to collect more than 3d of the Special Rates instead of 4*4 cl as it was last year, the Sanitation Rate to apply to the Special Nightsoil Area only will require to be 6d in the £ on all such properties as have houses erected thereon, this .will yield aboug ,£IBO. Any excess of expenditure will have to be met out of the general fund. Estimated Receipts and Expenditure for year ending 31st March, 190 S. —Receipts; General Rates at is 6d in the £ on ,£662 5s ; Government Subsidy on at 5s in the £, £173 xos ; Hotel Licenses, Miscellaneous Licenses, £23 ; Refund of Licensing Expenses, £32 ios ; Dog Tax, £2O ; Rents from shops, old building, and mill sites, ios; Pound Rent and Fees, £33 ; Building Fees, ,£2O ; Miscellaneous, Total, 15s yd. Expenditure: Overdraft, 1 is; Maintenance of streets, roads and drains, £673 ; Street Lighting, £6O ; Printing and Advertising, ; Licensing Expenses, /'45 ; Contribution to Hospital and Charitable Aid, £3B 14s ; Interest and Sinking Fund

Library Loan, /,'no; Mayor’s Honorarium, £lO ; Ranging, ,£2O ; Interest 011 Sandon Tram Line, ,£l6 10s ; Dog Registration, ; Stationery, £5 ; Audit Fees, ; Petty Cash, £5 ; Miscellaneous £S ; salarses, Total ,£1271 15s yd.