TAKAPUNA’S DEBT

Sun (Auckland), Volume IV, Issue 992, 7 June 1930, Page 10

TAKAPUNA’S DEBT

BOROUGHS HEAVY HANDICAP It is ev peered tbts year *h.. £26.132 of the e*t mated of £43.205 in the Takao.na B 0 r? ough will be adsorbed in rreehno interest and . "king fund ch.-,,, on the public debt of the borougn’ The Takapuna Borough is an off. shoot of the Yaitemau County, -was incorporated in 1114. Cntil I>J» the borough’s indebtedness stood I■CiiS.DOO This consisted of the Vo 4 . temata county Council loan o' raised for the purpose of ad'.,,,., matters with the omiy on the tion of the borough, and the vT 54 ? steelworks loan o’ £50.03« olu'«°iwl statutory 10 per cent, additional a local body is privileged to out reference to the ratepayer* In 1924 a comprehensive' concre. reading, sewerage and w a?»r re Ucah, tion programme was sanctioned! .L, interest charges rose rapidly Two sewerage. loans' totalled £220.n00, street works absorbed a fur ’ ’ ' - • .. for waterworks purposes. Sundry authorisations for such purposes u fire-fighting. parks the Marine Ter-ar.. improvements a destructor and twrl unemployment relief loans, brought total amount raised by the borowh im to £ 352.970. On top of this is a further total of more than £ ioa rwv* which has been authorised by the ratepayers, but not yet actually raised bv the borough. On a population of 6 000, which fe the eenerally accepted figure, tie ouch’s indebtedness averages short £73 10s a head.