WELLINGTON HARBOUR BOARD.

Taranaki Daily News, Volume LVII, Issue 238, 17 March 1915, Page 3

WELLINGTON HARBOUR BOARD.

SimiXKAtiJi 01' IIEVEXUE. liy Telegraph.—l'ross Association. Wellington, Last At tin' annual meeting of the Harbor Board the chairman .stated that the ,otal gross revenue decreased from. j;237,2!M to £22(i,7H, due to dislocation of trade and shrinkage of traffic during the strike period at the beginning of the financial year. TUe profit and loss statement showed iv deficit on working account for the year of-111. as again,;! balance of the previous year of £1.1,571 7s .'id. Tlie decrease in revenue was due to the loss of trade caused l>y the strike, decline in the hemp market, competition in tlie dumping of wool and liemp, the extra cost of Working cargo by inexperienced labor during the waterside trouble, the exemption from harbor dues of vessels engaged as (iovernment transports, and other causes. Under the exf moribnary circiim-taiices when duly considered the Hoard had come through the storm fairly well. Tlie assets of the Jioard as at'Wth September 1!) H, were estimated at £1.407.2-1.1, as against f1.35fi.872 in*. WahilHies at that date, were .CS.">S,IiS4. The estimated balanc,. of assets over liabilities at 30th September was £5 |S..">O. in compared with tile year before, an increase of £13,2.10.