SHANNON BOROUGH FINANCES
BOROUGH TREASURER'S REPORT
YEAR CLOSES WITH A CREDIT
The Borough Treasurer submitted the following report to Tuesday's meeting of the Borough Council: TREASURER'S REPORT.
The finances of the Borough generally have not gone back during the past year. Dealing with the General Account the year commenced with a credit of' £l2 17s 5d and closed with a credit of £25 15s 6d. \ The rates for the year ending 1929 (Year 1927-28 given in parenthesis) were as follows: The general rate, levied £1253 Is 3d (£1255 14s 3d), returned in cash £ll2l 3s Od (£lllß 4s 8d), leaving £124 3s 2d (£137 9s 6d) 'outstanding. Sanitation fee, levied £334 8s 8d (£332 4s Od), collected £2BB 7s (£289 9s), outstanding £43 9s. 6d (£42 15s 6d). Arrears of rates general and sanitary at commencement of year totalled £231 14s Id, the sum of £2lO Os 2d being collected. General -and sanitary rates outstanding at end of year were £lB9 6s 7d as against £231 14s Id at . end of last. year. Penalty on overdue rates produced for the year £SO Is 3d (£4O 0s 7d). ■ License fees.—Dangerous goods licenses increased £2. Eating Houses increase one licei.se, Billiard rooms. Halls, Hotels, Sale Yards, SecondHand Dealers the same as previous year. Dog registration returned £3O 7s 6d (£2B 2s 6d); 106 dogs being registered against 93 for 1928. • Six permits were issued being five for new dwellings value £1545 and one for addition value.£2o. Last year eleven permits were issued to the value of £1205. One for new dwelling and the remainder for additions and alterations. I may add here that the rateable value of the Borough in 1918 was : £117,840 and. at the 31st March, J 1928, had increased to £200,125, an increase of £82,285 in 10 years. Fifty new motor drivers licenses were issued during the year, the fees decreasing £ll. Motor drivers, licenses which expired on the 31st March have been altered to the 31st May. Heavy Traffic License fee 3 (the Borough proportion) produced £B4 17s 7d, an increase of £5 4s 6d over previous year. Refund one-third cost of footpath formation returned £36 12s Id (£T7 9s Id), £23 14s 3d being outstanding. Fees and Fines produced £1 18-i 0d (£2l 10s 6d), a decrease of £l9 12s 6d.
Rents of houses, sections, shop, and Council rooms, returned £B2 9s (£lO3 ilOs), the decrease being due to rent of shop reduction to 10s per week. On the expenditure side wages £357 5s 4d (£461 12s 9d). .Horsefeed, shoeing and repairs. £ll3 8s 8d (£ll6 12s 9d), material purchased £l9O 16s Id (£172 13s lid), royalty on metal £2l 2s (£33 7s 6d). The Bank interest on'the Council's overdraft shows a decrease of £2 19s 9d, the figures being £ls 4s 6d for year 1928-29, and £lB 4s 3d 1927-28. The amount transferred to various interest and sinking fund accounts for year 1927-28 totalled £164 16s 9d. For year closed the amount had increased to £207 6s 9d. The unemployment relief Loan accounted for the difference. During the current year provision will have to be made for interest and principal on the Manawatu Bridge Loan £1350.
The sum of £B7 13s 3d was transferred from the General Account to the Building Account, also £55 (£25) to hospital levy account £39 14s 3d (£75 18s 3d), Library account, and £8 14s Id (£ls) cemetery account. The public debt of the borough is ■e-13 487 18s lid, less accumulated sinking funds £B2 15s lid—£lß,4os 3s. Year ending 31st March, 1928, the public debt less accumulated sinking funds stood at £18,661 18s 6d. The Hospital Board levy account, to which the previously mentioned £55 was transferred from the general account,- is in debit to £l9 14s 4d. Outstanding rates total £ll 15s Bd. Main Highways Account.—£234 _ 13s 3d maintenance subsidy was received from the Main Highways Board, £lB4 5s being received for year 1^27-28. Workers' Dwelling Working Account. —Balance principal due for workers dwelling amount to £2717 10s Id and overdue interest £l3 9s 2<L Repayments instalments workers dwellings produced £196 14s 3d (£232 13s 4d). The deficiency being accounted for in one dwelling reverting to the Council du:ing the "ycav. Rent is now being received for two houses and returned £59 10s (£37). Rent arrears are £lO ss. The water maintenance account ha:? a credit of £33 8s lOd after transferrin "• to the water supply interest account £ls;'£93 10s was received during the year for extraordinary and outside the' borough water supply. The number of. water connections in the borough total 240. The sum of £l9 65.2 d stands to the credit of the unemployed relief account. " The Stansell Drain Loan Account (special rating area), over which no rate has been levied during the past three years to meet interest and pricipal, is now in debit £l4 7s sd. Itwill be necessary to again levy this rate during the current year. The water supply interest account, though showing a debit of £63 8s 9d, £74 6s 6d outstanding rates will meet that denciency. The balances of the various accounts at the 31/3/29 are: General £25 15s 6d, Librarv £l2, Workers' Dwelling Working Account £282 8s Bd, Water Supp y Maintenance £33 8s lOd, water supply loan £Bl 13s lOd, unemployed relief £l9 6s 2d all in credit; Shannon loan interest £l4 7s sd, water supply interest £63 8s 9d, hospital £l9 14s 4d, debits. , ~~ . On the 31st March, 1929, the district fund account at the Bank of New Zealand was £256 2s 6d in credit, unemployed relief loan £l9 6s 2d, credit, and Water Supply Loan £Bl 13s lOd credit.
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Shannon News, 19 April 1929, Page 3
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942SHANNON BOROUGH FINANCES Shannon News, 19 April 1929, Page 3
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