MASTERTON TOWN LANDS TRUST.

Wairarapa Daily Times, Volume 4, Issue 1048, 14 April 1882, Page 2

MASTERTON TOWN LANDS TRUST.

ANNUAL REPORT, Your Trustees have much pleasure in submitting the following report and balance sheet, The year just closed shows a somewhat better financial position, the overdraft having been reduced from L1413s 3d to L 97 17s lld.« The position as shown by the satemqnt of assets and liabilities leaves a.•palarice''pf L 6 Bs lj.d. i Dprjng theyea'fyhe 'siur/of 1#54 Is Id was received and £2lO IBs 9d e|bende'd, Inoluding payments tf gi'ants to"the Library Committee of 1/30, fhp JUssjerton School Committee of L 45. and: the Fernridge School Committee of LlO. Other of the Trust aoros have been fenced in thjs yoar by your Trustees at a cost of Ll6 18s M't The .kpo sum of L3B 9s appears as payment to the solicitor for'prep'a'i.'at.ion, pf.leases,"the amounts .being a oharge on the lessees,.and as such will be refutaded to the Trust. '■' • I

; ; ( Your Trustees jhaye* with your approval exchanged town a0re3.52 and 54 and part £o:#ltteiii9 for town thereon, the ABJSembly;-;The Bumfof LiOO has to be paid ovefto the Board upon the completion of the conveyances) and tho money haa been arranged for with the Masterton Building Sooiety upon 'seourityot acre 89 under a,Bysteinol repayments of principal, and interest extending over a period "of'five years;--• • ■ -- : - - Tho Board of Education have erected a very handsome and commodious school upon the Trust laud, \vhioh, besides supplying a great need for school acconimo* datioi), will teud to increase the value of the 'fruit lands adjoining.' The leases of the Greytown Town Belt expiring in 1881, the. lands were submitted to auotion by tho Greytown Trustees, and. resulted in 26' sections being let at an increased yearly-rental of 113' 15s 6d. Ten sections were unsold and nine sections are yet'unexpired. The Trustees" reserved seven sections for various purposes, hut oue half of the lotting valuo of such reserved sections will have to he paid to this Trust yearly, The.negotiations for purchasing the Masterton iuterest in-" their Town Bolt have not been resumed by the Greytown Trustees, but by tho recout sale of leases the capital value of the Town Belt is ascertained to be about 41024, and this amount would be a basis for any future arrangement.

Your Trustees, in conjunction with the Groytown Trustees, propose introducing a Bill this session to amend the existing Lands Management Acts, with a view to consolidate, and make them more efficient and rectify omissions, With the proposed amendments you will bo duly made acquainted, and your consent asked for. Mr McCardlo having resigned his Trusteeship, the vacanoy was filled by tho Trustees by the appointment of Mr J. Wrigley. Mossrs Eenall and Gray retire by rotation, and you will be called upon to elect their successors ou the 27th of the present montb. The retiring Trustees are eligible for re election, Ypu will, to-night, be asked to elect two auditors in : place of Messrs B. ■\Yilsoue and. W. Se)lar whose term of office expires, Jf morp than two are nominated, and a balk desired, you will have to be advised of the day of election in the usual way, ' Epwjn Fejst, Chairman.

STATEMENT OF RECEIPTS AND EXPENDITURE OF THE TOWN LANDS TRUST FOR THE YEAE ENDING 30th MARCH, 1882. Braim ' £ s d £ s, d Rents as per schedulo A 231 7 10 Greytown Town Belt Rentß 22 13 3 Balauce 97 17 11 351 19 0 EOTD}TUBE. Dr balance, 81st March 1881./ ' .. ' .. |4l 3 3 Graut'sr Library Committee 30 Q p School Committee. 45 0 0 Femridge School .. 10 0 0 Printing & advertising 12 2 0 Stationery ..; .. 019 8

Segi-qtary and collector two year's '., ~ gj) 16 j} Kekrning Officer ele'ctio'n expenses aiiil postage' ~ ..'. B, 3 0 Editors '.'. .. 22 Q =rtf 1 P Fcucing ... ~ • ]6lB 9 Law expenses'.','. ',.', ijß pi) Footpatn construction ' 1 j) ft Interest ofi'ovprdraft.! k 5 4

351 19 0 Rents due from (Irey* town .. 25 0 (j Rents received since 31st March 7 17 G ltcnt due and in arrears,,. " ... ... lflO 5G ■ Balanco'loaaea" ','. 38 9 0 • JL.:--m i2 o Balance .. .. 'if 611 177 17 11 gABJITIIES, Dr balance as abow ~' ~37 17 11 Due to the Park Trustee's' !„ |0 j) 0 Bundrios .. ; 20 6 0 17717 11 Masferton, lath Apfi|. 1883, "" ' fi.BJIfIWH, Spcretaiy, Compgoiffftl' books an,d vouchers and found correct. fi. WILSONSI .„,,„„ April 14th, 1882, ■ •:SCHBDUM A, Particulars of rent received—- £ s d 11 8 d Town Hall 52 10 0 V/.jfranois 9 0 0 I fi: 'Bunny % 0 0 ' J, Ewington ,y 0 $ j A, galloon $ t o ! ' E.M. Galloways ft 6 t Kefleher 3 0 0 J, Ma'cara' m (j 6 G.McKillop 2 Lf &. Morris 210 ,Q MwUoble ")} 0 j) W, Perry 710 0 Bowry&KioglO 0' 0 G. Russell 312 0 R. V. Smith 6 0 0 Ta(t&Murtagh47 8 i O. Wilton 6 0 0 G.Watson 3 0 0 W. Rapp 1 10 0 J.Nicol 2 12 6 ; ; . . 231 710 £231 7 10

SoHBDULKij. - Hents due and in anpare— Received since B}Bt March ,„ ,„ 71? 6 Town Hall 85 0 0 M. Caselberg ... 110 0 J. Ewington ... 13 10 0 A.Fa1100n.,,. .... 215 0 C.McKillop ... 12 6 G. Morris ... .... ilO 0 W. W. McCardle'... 8 8 0 Mrs Noble 2 10 0 W.Perry ;;: ... 110 0 R. V. Smith .'.'. 6Q 0 Tail and Murtagh;;,' 17 10 0 Gattscha & Parsons 3 5 0 L, Hooper.., ,;. 36 0 F, H. Sutton ,',', 010 0 ..; 100 5 6 1080 3 0