TARANAKI COUNTY FINANCE

Taranaki Daily News, Volume XLVIII, Issue 81917, 5 February 1907, Page 2

TARANAKI COUNTY FINANCE

Mr Joseph liicwn, county chairman, delivered the following statement ot the eonnl.v linaneo at .Monday's meeting of the County Council:

The hospial, bridge and special rates belonging to sopniate accounts and not available for mlinnry expenditure had boon discarded in this statement; but: they W'l-e outstanding in liie sa.nie pro portion they bore to the genera! ra.e. (,'eneral rates levied IOIMi 7, fOlho lis ."ul, di-sirilintod as i'olloms:—Moa riding, .C2SIS lb -Id. Waifara ,cl.i:i3 IDs 3d, Omnia .-CS-'KII ISs 1(M: lis ."id.

•II llii.s sum - !M Ins been collected. leaving .standing lliis year in 'tin- V;tri"iH rul »'« »s follow-!: lfPfi-7; Jlua CI-VI7 17s (1,1, Wiiilarn COSii 17's 10,1. Oinata CI 308 9s 4d: ,a.",7 Is S,l. Outstanding this lime la-t unr; Moa CII7O 17s Si!, Omnia c 112(1 10* d,l. Wailara CK49 Is Bd,

I liiis il would lie seen, conipaiin., tiiis will, la.st year, iliere is CIIIO IT 7,1 in ,ii general rales ~ 111st aimi n.Li. Tli.' net amount due lo the liank was ;C2!l/i0 lis, being ill excess of (lie over draft, at l.liv same date last, year. N'e'.v xvork wolud require eniefiil consideration in Hie lace nf (nc foilowing pro spcctivc lialiililies. apart from the aduiin'sirntioii and ouliuary upkeep of the roads. Taptiae. exec.-s ( ,f loan. I'll la; Tapiiue, nicialling cslininte. laOO: Oakiira, deviation coni|)leteil. ■Cl7.">; Oakina ,ie\ iation, iiu-lalling. Cii.'iO: (laknra liridge. excess -.if loan. •C-MHI; Waiwakaiho bridge, excels of ridinjf share of loan, C 1 ills;; total, C:>2()8. Tims tiicre was the snni C.'!2(iS. which In uiie-lit (erin extraordinary expenditure, to lie pr,ivi,!ed enielly out of next yea's revenue. As far a's it was po,ssi|ile to aseertaiu at pre-ent, (he Wailara riding would lie over -Ulfion overdrawn, and Oniala rid. ill?- ' C2AOO during the year 1 OflT-S. 'l',, meet this it would be necessary to work on bank overdraft lo an amount in excess of what r ,ia,l lieen old nine,l for the past year or two. As the Council's overdraft was limiled lo (he receipts of the ral account for the previous year, ii was imperative that the Council should make immediate cf Forts to h'l'.';' ;lie whole of the current year's rates and reveuue collected by tie 31?t Marcli, 1007.