THE NEW TOWN HALL.

Manawatu Herald, Volume XLVIII, Issue 3050, 19 June 1926, Page 2

THE NEW TOWN HALL.

In continuation of our comments in previous issues re the above, we have heard the questions asked: “If these large profits have been made what has [been Id one with them?” and “why is there not more than £3BOO available towards ibo new hall, the old building being insured for £4000?” The total rental returned dining the past four years amounted to £1894. This is accounted for as follows: — Expended on old hall. —

Tlio insurance money on tlie 'nail, plant and furnishings amounted to MftOO, and there is Urns £38515 in rasli available fur tlio new hall. II .(•list nut, however, he overlooked dial the new plant and etirla'in pnvelmsed for the temporary build - ing will he used in the now hall. At the same time the improvement effected to the temporary hall will he made good use of in the future. Furthermore, there must also he taken into account (lit! fact that flic insurable value of tlio old hall was £4OOO, so that the actual value would he in the vicinity of £5,500, the difference of course having to he written off ns losses hy fire. In our next issue we will summarise the position.

Insurance 187 7 4 Repairs lmild’f’' & plant 77 12 9 Repairs Engine 57 19 1 Improvements to building 13 !) 11 Drainage Connection I (57 11 3 New plant & scenery 21!) If) 2 New piano & cover (13 19 0 — 464 19 4 Rates to Borough 64 7 3 Interest loan capital 552 0 0 tie-wiring for Power Board current 120 0 0 This leaves a 1ml. of 370 0 0. The alterations and extensions of the ternporarv hall cost 165 6 8 New plant, electrical instnllation, curlain etc. cost 309 11 8 - 1_0