1.—15

being £592. Rent was 98 per cent, of the revenue of this Board, which has not had a ship in the harbour for seven or eight years. It is of interest at this stage to analyse the payments of this Board. Total revenue expenditure for the 1941-42 was £742, of which salaries were £78 (10-5 per cent.), collection of rates, wharfage, rent, &c., £55 (8 per cent.), election expenses £6, office expenses £32 (4 per cent.), total administrative expenses £200 (27 per cent, of total expenditure). Maintenance and construction £446, subscription £9, other payments £87. The following table shows an analysis of revenue receipts of all Harbour Boards from 1923-24 to 1942-43

Table showing Total Receipts of Harbour Boards for the Years from 1923-24 to 1942-43

(b) Expenditure The following table shows an analysis of the expenditure of Harbour Boards. The bulk of the expenditure is on maintenance and construction, although, except in the depression years, interest and sinking fund absorb approximately 25 per cent, of the total payments. Administration costs have been relatively steady.

Table showing Payments of Harbour Boards from 1923-24 to 1942-43

75

rs&r To sL57. nu * £ £ £ £ £ 1923-24 .. .. 56,572 1,517,429 1,574,001 988,363 2,562,364 1924-25 .. .. 60,232 1,635,912 1,696,144 659,532 2,355,676 1925-26 .. .. 57,306 1,426,983 1,484,289 444,758 1,929,047 ]926-27 .. .. 90,194 1,674,138 1,764,332 489,142 2,253,474 1927-28 .. .. 100,222 1,715,609 1,815,831 1,193,150 3,008,981 1928-29 .. .. 93,821 1,787,017 1,880,838 510,396 2,391,234 1929-30 .. .. 93,808 1,757,621 1,851,429 165,595 2,017,024 1930-31 .. 99,955 1,449,617 1,549,572 257,808 1,807,380 1931-32 .. .. 97,464 1,301,194 1,398,658 193,296 1,591,954 1932-33 .. .. 120,383 1,321,091 1,441,474 97,089 1,538,563 1933-34 .. 143,045 1,366,676 1,509,721 228,038 1,737,759 1934-35 .. 123,344 1,431,702 1,555,046 235,814 1,790,860 1935-36 .. .. 131,595 1,601,900 1,733,495 252,325 1,985,820 1936-37 .. .. 118,006 1,766,208 1,884,214 241,008 2,125,222 1937-38 .. .. 135,946 1,906,049 2,041,995 310,203 2,352,198 1938-39 -v .. .. 129,389 1,950,788 2,080,177 567,025 2,64-7,202 1939-40 .. .. 124,663 1,761,356 1,886,019 441,228 2,327,247 1940-41 .. .. 125,935 1,721,589 1,847,524 282,255 2,129,779 1941-42 .. .. 132,285 1,924,780 2,057,065 326,450 2,385,515 1942-43 .. .. 139,966 2,280,679 2,4-20,645 250,691 2,671,336

Maintenance Construction . , » r . , ■ . . ,. and Purchase of Interest and Other Total linaneial Year. Administration. Buildings, Amortization. Payments. Payments. Works, Plant, &c. £ £ £ £ £ 1923-24 .. .. 177,210 1,486,631 * 637,367 2,301,208 1924-25 .. .. 171,908 1,513,359 * 757,141 2,442,408 1925-26 .. .. 154,942 1,450,808 * 526,308 2,132,058 1926-27 .. .. 181,343 1,417,219 * 852,158 2,450,720 1927-28 .. .. 182,131 1,233,902 * 1,550,754 2,966,787 1928-29 .. .. 183,921 1,237,867 726,926 118,278 2,266,992 1929-30 .. .. 180,919 1,165,106 669,826 144,222 2,160,073 1930-31 .. .. 170,975 991,723 680,971 128,424 1,972,093 1931-32 .. .. 146,278 935,595 64-8,954 89,752 1,820,579 1932-33 .. .. 141,791 600,112 645,393 119,776 1,507,072 1933-34 .. .. 138,987 665,213 595,812 179,111 1,579,123 1934-35 .. .. 150,595 841,584 612,859 142,610 1,747,648 1935-36 .. .. 158,875 1,031,588 609,030 102,237 1,901,730 1936-37 .. .. 168,945 I,244,121 697,123 160,744 2,270,933 1937-38 .. .. 189,088 1,412,796 671,230 235,910 2,509,024 1938-39 .. .. 171,748 1,533,195 644,053 190,149 2,539,145 1939-40 .. .. 163,666 1,385,280 627,224 261,720 2,437,910 1940-41 .. .. 169,835 1,254,991 643,698 224,256 2,292,780 1941-42 .. .. 175,902 1,308,550 665,254 199,160 2,348,866 1942-43 .. .. 179,553 1,593,571 654,266 254,719 2,682,109 * Included in " Other Payments."