AUCKLAND’S BALANCE SHEET

Sun (Auckland), Volume I, Issue 205, 18 November 1927, Page 12

AUCKLAND’S BALANCE SHEET

If Auckland City Corporation were sold up to-morrow it would realise nearly a mililon pounds above its liabilities. The general balance sheet, a documeut which occupies seven pages of close type in setting out the finances of the citv, has just been returned from the auditors, and a copy was released to THE SUN by the Town Clerk, Mr. J. S. Brigham, this morning. The following summarises the city’s position and provides a highly interesting statement of the finances at the end of the financial year, March 31:

NOTES

Capital expenditure on roads, streets, drainage, sewerage, etc., is not included in the assets. Sorne of the values given in the assets include: Endowments, £572,310; Domain, £320,300; Albert Park, £266,000: Parnell Park, £30,000; Myers Park. £18.500; tramways land and buildings. £226,186; permanent way. £738.867; plant and equipment, £683,833; water mains aujl services,

£393,653; permanent works, Nihotupu, £344,084; Huia, £77,942; TVaitakere, £167,234; Art Gallery building, £50,045; books, pictures and curios therein. £55,500. The sum approaching £1,000,000 for debentures includes the item: Auckland Electric-Power Board, on account of payment for electricity undertaking. £822,500,

LIABILITIES £ s. d. Overdraft and cheques.. .. Sundry creditors, including 61,386 3 4 tramways, £59,948 8s 5d 85,196 16 6 Contractors Trust funds, including Waiatarua Park, £7,242 11,772 7 0 10s 6d Loan debts, including 1897 consolidation £227,900, 1883 loan £200,000, Local Bodies Loans Acts £5,316,400, 1907 consolidation £310,200, Remuera Road Board £107,352, Grey Lynn Borough £93,459, and Epsom Road 9,183 13 10 Board. £64,000 6,574,614 16 9 Accrued interest on loans 74,078 7 8 Epsom Domain Fund .. . . 83 19 2 Rents paid in advance 757 14 9 National Provident Fund . . Heavy' traffic fees due to 649 4 3 suburban bodies 932 11 4 Surplus 966,SOa 4 11 Total £ 7,785,460 19 6

ASSETS £ d. Cash and cheques, including tramway account £22,963 Os 5d and 1926 loan £152,074 12s 6d.. .. 245,621 0 Mortgages 137,864 7 4 Debentures 909,850 0 0 Contributions due Northern Highways 15,769 10 6 Contribution due Lincoln Street 2,820 14 2 Sundry debtors, including unpaid rates £26,415 Os 2d 50,180 0 Land, parks and properties 1,724,577 0 0 Zoo 81,050 0 0 Town Hall lo0,400 0 0 Queen and Quay Streets property 41,060 0 0 Tramway Department . . .. 1,711,170 14 8 Waterworks Department . . 1,098,175 7 8 Abattoir Department . . . . 64,398 10 Produce markets Fish market Workers’ homes 3,753 Destructor Depots and stables . . Conveniences 10,567 Women’s rest Farms and quarries . . . . 27,288 2 9 Baths 20,757 Cemetery land and miscellaneous Art Gallery and libraries.. Furniture, cars, etc 22,505 Sinking funds 1,159,672 2 8 Total £ 19 6