LYTTELTON HARBOR.
In five years the Lyttelton Harbor Board has received £876,000. Of this amount £204,000 are the proceeds of the sale of debentures, £15,000 interest on deposits, and the balance ordinary revenue. Of the whole amount £76,000 has been absorbed by the ordinary expenses of the Port, The balance has been spent, or is available for spending, on permanent works. The ordinary revenue has come to the assistance of loan by about £85,000, which, with the aid of the extraordinary revenue (Bank interest on deposits), makes about £IOO,OOO. In 1881 the Board made a
profit of nearly £7OOO, and for the current year the Secretary estimates a profit of £6OOO, after allowing for a reduction of revenue (owing to reduced charges) of £12,000. The Board has property to the value of £488,000, and owes no more than £223,000. The Board wanting £57,000 for new works, has £45,000 in hand towards them, and the works are not required for two or three years.
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Bibliographic details
Patea Mail, 10 February 1882, Page 3
Word Count
163LYTTELTON HARBOR. Patea Mail, 10 February 1882, Page 3
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