THE BOROUGH FINANCES.

Taranaki Daily News, Volume LIV, Issue 14, 11 July 1911, Page 3

THE BOROUGH FINANCES.

• AN" INTKUKSTIXti STATKMKXT. At the Borough Council meeting last night the following statement of finances wiw submitted, comparing the estimated receipts and expenditure to March 31, I!tl2, with the actual receipts and expenditure to June 30, 1011: RECEIPTS. Estimated Actual

Cr. balance June JVO/11 .. £ll4O 14 1 N'oi.f. lb must bo borne in mind that were it not for (lie temporary advances from loan accounts, etc., amounting to .tiiii.V). the District Fund Account, instead of showing a credit ha hi nee of CIUS Us I'd. would show t\. debit balance of i;.wo!> -w lid.

Cr, Urowue, the Deputy-Mayor, jiointe«l out that with the £lo2sspent and I'tlirr liability incurred some £].")00 of the 122(10 streets vote had been absorbed, leaving only some £O4B to carry on the street work for the rest of the year. No further new work could possibly be undertaken, I'or the money left was sufficient only to pay for maintenance. ( On the motion of Or. Clarke, tho Council decided that none of the present .authorised new works be undertaken without first being specifically authorised by the Comieil. Cr. Clarke said the Council would have to get down to bedrock, and refuse to authorise any further works. Otherwise they were only misleading the ratepayers.. Cr. Iluxtou considered that the present, system of putting in concrete kerning and elinnirelling was unfair. The pre- ' -sent generation was being rated fw per-

niaiient work the brncllt of which would 1 be enjoyed by people 40 or 50 year*; hence. It wa-. a p:i! liwork system, too, i a few chains in this street and a few] '-hahi" in th.it one. The Council should, 1 face the position and raise a loan fori ,iu«k work. ,

to to March 31, June 30, 1912, 1911. £ £ s. d. Government subsidy .. 344 Licenses--lender Licensing Act 365 357 0 0 Borough By-laws and Auctioneers Act .. 410 175 19 6 IW.nl of Reserves . 755 02 13 2 Reimbursements— 80 3 13 0 75 2 15 0 75 Drainage agreements 33 10 0 1 Harbor Bd. election 43 4 1 General— Fire Board 105 85 5 7 0 Kent Town Hall ... 1-5 0 1 0 90 2 0 G 125 59 10 11 Electric light 5500 1467 15 2 Spoc'uil rate 4400 14J 10 10 Water rate, domestic supplies 810 15 10 8 Extra water supplies 1850 74 13 8 10 per cent, penalty 30 3175 171 4 5 18,322 2002 12 0 Or. balance Revenue Acc'nt. June 30/11 3591 10 1 0104 11 1 EXPENDITURE. 400 115 0 0 100 Advt'g, printing, etc. 100 38 10 2 Audit ; 24 Sundries 20 2 10 3 794 150 0 5 Streets — Labor and metal .. ' 2200 1025 17 ft Gill St. extension .. 300 28; 5 0 Horses, dray and harness ..' 200 Concrete kerb, and 300 50 4 6 Asphalting and tarring 150 25 18 1 'I'-.rag.-. .200 M 4 0 Plant, materials and repairs 200 78 lfi 11 Watercart 100 Rent borough yards 37 10 0 0 l'itzroy Town Board re Devon road ... 10 Lighting streets ... 080 10S 15 0 Borough Engineer's Office— I'oro' Engineer .. 300 75 0 0 40 18 0 EngVrV Ass't,,, 30 5 0 0 517 Less to beclmrg- """■"'' U> loan 150 *"'*••» 367 . T^W' • Stationery, etc ..' 30 397 19 7 1 Reserves- '*'• ..,• « 125 10 15 10 Town Hall 85 29 5 5 Subsidies— 305 00 18 0 210 Rec. Grounds Board 150 37 10 0 Library 150 37 10 0 Western Park Board 50 12 10 0 Technical School .. 25 Band (two years) .. 24 12 9 C General—< 100 90 17 3 Bank interest and charges 200 Genera) Inspector & office (inc. bonus £7 10s) '.. 147 40 0 6 Interest on Loans & Sinking Funds £5718. less £1374 inc. in Electric i Light 4344 2105 1 0 Electric Light (inc. £1374 interest and 007- 7 0 .sinking funds (Interest) £5500, less £328 due to Disk Fund 5172 632 8 8 P.O. clock, lighting 30 5 0 0 Electoral Roll, printing and Advt'g .. 60 50 !) 0 35 5 8 0 Rubbish depot 60 14 10 0 Drainage :.. 100 39 14 0 Election and polls .. 00 34 8 1 Harbor election ... 43 4 1 Baths 170 43 13 1 Dog collars, etc 10 0 8 6 Waterworks 080 209 10 5

18,100 Estimated reduction 6104 lb *1 on overdraft • 4«2 £1«,322 .SEPARATE ACCOUNTS. Abattoir Receipts. £ r. d. . 362 10 11 Kxp'ditnre. £ s. d. 337 19 3 Cemetery Carnegie Library 31 1!) 0 i)7 0 4 and reading; room ., Contractor's de60 4 a 85 15 0 posits Temporary Ad15 0 0 vances A/e .. Credit balance 0050 0 '0 June 30/11 ... C030 3 1 7130 3 8 7120 3 8 Statement of District Fund Account (including all above accounts): — Cr. balance separate accounts £ s. d. £ s. d. as above .... Dr. balance Mar. 003(1 3 1 -:si. mil Dr. l.alanee Re1000 !) 1 It venue Account a* per najre 1 3501- lil 1