BOROUGH FINANCES.

Manawatu Herald, Volume XXXII, Issue 838, 12 May 1910, Page 3

BOROUGH FINANCES.

At Monday night’s Borough Council meeting the Borough Treasurer reported as follows : “The sum of 9s 3d has been paid into the District Fund Account and 10s into the Cemetery Account since the last monthly meeting of the Council, and the bank balances of the above accounts to date are : District Fund Account ,£lls 13s 8d to credit, cemetery account £27 9s 6d to credit Including the accounts to be passed for payment, the balances of the various separate accounts are as follows: General Account 5s 6d, sanitation account £62 7s nd, and library account £2 6s, all overdrawn, while the accounts in credit are : Reserves Account £l7 14s 4d, cemetery account £27 9s 6d, and interest account ,£i64 3siod. It will be necessary, as m previous years, to borrow from the Bank of New Zealand by way of overdraft, sufficient to carry on until the rates become due. Owing to the increased capital value of the borough an increased library rate can be struck this year producing £.\7 16s gd as against ,£35 tis qd —an increase of £l2 ss. Last year the library account was ,£32 short, but owing to the reserve in the interest fund the total amount of rates will not be increased remaining at y/z d in the £ on the unimproved value. On the other hand it will be necessary to increase the sanitation charge from 15s to 16s per pan, as there was a loss on last year’s working and there is absolutely no provision made for contingencies, while it is quite possible that the present horse may not stand the heavy strain of the winter season. In my opinion the Council should obtain a second horse and work them month about, one horse to be turned out while the other is working. This is merely a suggestion and may he taken for what it is worth as I know there are gentlemen among the Councillors who are far better able to judge in this matter than myself.”—The report was adopted.

ESTIMATES FOR ENSUING YEAR. The following estimates of the receipts and expenditure for the year ending March 31st, 1911, were submitted by the Town Clerk at Monday night’s Council meeting and approved : RKCKII’TS. Rates ,£854 2s 6d, Government subsidy on same ,£ll4 6s 3d, hotel licenses ,£l6B, miscellaneous ,£35, refund licensing expenses ,£3O, dog tax ,£35, rents building fees pound tees ,£lO, Thynne and Robinson Streets frontages ,£136. miscellaneous ,£l7 us 3d, total £1515. KXI’KNDITURK. Overdraft £<.) Ss pd, maintenance streets and drains ,£450, salaries ,£lB5, interest and sinking fund Council Chambers ,£l2O, street lighting ,£135, printing and advertising licensing expenses ,£45, Hospital and Charitable Aid Board £35, ranging £2O, dog registration £ls, interest on Sanson tram £l6 10s, Mayor’s honorarium £lO, valuation of borough £3O, audit fees and insurance £2O, miscellaneous £4 is 3d, kerbing and water channels Clyde Street £SO, asphalting Clyde Street foothpaths £7O, completing asphalting Main Street £l3O, metalling Main Street £llO. total £1515.