BOROUGH FINANCE.

Taranaki Daily News, Volume XXXXV, Issue 103, 28 April 1903, Page 4

BOROUGH FINANCE.

Aff the Borough Council meeting on Monday evening a lengthy relum wss and on the table giving a c-.mprehen-aiia account of the Council' financial tronaantinnn for the year, end' d March fktkat. ' Or. Carter moved that the return b3 inehided in the minutes of the Oouncl). In doing bo he referred at some 1 .ngth iQjtiiepgurtS contained io the report. principal figures may he sum-; aarieed as follows («hi!lirgs and pence j excluded) :— j RECEIPTS < ■ , Estimated Actual. 1 ' " £ £ fiatai 6661 6910? ienehica 20 25! iiffennpnent Subsidy .. 231 231 j "Bente .. "304 3221 Beimbunements .. 170 252 Omol 75 93 £BlOl £B6OI SXPmiiUTUBE. Estimated. Actaa'. %ma Clerk, Mayor, Ad- ! ~Wjertieing, and Hinting 507 - 499 'Strata 2319 2289. Stree:ligh ing .. .. 300 277; JWMIM 40 61! Town gall .. 150 136; SafaefSies ..461 460 j G«Mnl .. .. 890 955, Internet 6s £29,«00 Loan 1378 1450! -Waterworks .. 810 825 IrtHMted Unpaid Bates 100 6955 6957j Xtaexpended Revenue, Sl/3/03 .. 1145 16431 , £BlOl £B6O11 lira debit balance at 31/0/02 was 44478* and at 31/3/03 £1127, showing a redaction of £3350. This was msde \ op aa follows :—Unexpended balance as above £1643 refund from spe: hi; loan, entrant advanced 19C2, £1672; jaaadar, £34. The borough valuations had increased as fellows: - 1901-2,' **H*jHo; 1902-3, £40,307; 1903 4,■ MUfIM, Ihe street expenditure may j besaamairfsnd as Mowb ; a^tr— ** author istd by ratepayers,' £IB,OOO. | £ ! AoMmt expended 4156 Contracts Let (less £992 paid) 571 7 Wbfka Authorised .. 4986 ItaagotukuCulverts (esti u' d) 1450 Hanoi Bridge (roughly clbeetad) 3500 Anvxiut Allocated for Rai=iri» i . Loan 1000 tint yen's interest on £IBOO . proponed to be paid from ! Loan 810 16.473' Amount not yet allocated .. 1527 £IB,OOO The unexpended on all ace units of tile 440,000 loan on April 24th was! 4474017 a sd. Or, Garter, continuing, said, taking the whole report it was exceedingly: aatisfaotory to find the finances so aoond with a healthy prospect of a growing town. What they waned now was to nae their. fosS endeavours to paeb. the town ahead. Further, he thought the public Bhould ktow exactly bow matters stood, and the exed'eot report placed the matter dearly, not •mylar them, but alsi the incoming Xfctined. JJayor, in seconding the rcso- ~ fation, said the report was an evidence Of earn and paiosUkiog ab lity on the part of the Council. V.'iti reg rd tn the Henui bridge, he b*ld that the Oounefl had taken the proper course in view of the change in the law. The latum would be usefu' in that it could ■;v4a regarded as an author iative statement a* to the ttua cocdiion of the .. Borough. ' Or. Belbinger referred »o the cost of .., Work on StandisVs Hill, siting that it had cost moiethan he anticipated, -namely, £SOO. O herwis •, he thought HheTetprn was a matter for congratujSi«n.

Crs. Garter, Oollis, and Tisch also echoed Cr. Bellringer's sentiments in regard to cost of Standish's Hill contract. The Engineer explained that the misunderstanding had probably arisen throu.h the tender beiug for formation only, the Council doing the giavelling afterwards.

The motion was carried.