TOWN COUNCIL.

Digger (Invercargill RSA), Issue 26, 10 September 1920, Page 5

TOWN COUNCIL.

SEWERAGE LOANS. EXTRACT FROM ENGINEER*S REPORT. Sewerage Loans : The position in regard to these loans works is as follows No. 1 Area Loans : Authorised by ratepayers £34,000. Total cost £31,000, balance unexpended £3,000. The work ii this area is now completed. No. 2 Arej Loan : Authorised £28,000. ' Total expendL ture £28,200. After deducting refmids. Loans No. 3, 4, and 5 for expenditure incurred in providing septic tank No. 2, larger intercepting sewers and deepei trenching to permit of suburbaji areas coming in ; I estimate the additional cost of completing this area will he £4,600. No. 3 Area Loan : Authorised £25,000. Estimated additional cost to carry out the woi-k £15,000. No. 4 Area Loan : Authorised £12,500, Additional amount required £8,500. No. 5 Area Loan : Authorised £13,000. After allowing for works already completed in this area, an additional amount of £5,500 will be required. New subdivisions Lennel and Eastend n.ot included in the original loans, £2,700; No. 3 septic tank and outfall, £3,000; additions on present loans for reticulation, £33,000, plus allowing loan netting £95; £1,935 ; lst year's interest and sinking fmir 64f per cent.. £2,640; total, £42,275 less £2,600 in hand on No. 1 Loan after deducting above charges. .Total new loan required, £39,675. Since the original estimates were prepared on which the loans were raised, the following increased cost of labour, tools and materials have taken place : Labour 55 per cent; Pipes 100 per cent; Timber 105 per cent ; Ctement 50 per cent ; Gravel 40 per cent.; Oil,- for lighting 300 per cent ; Tools 110 per cent ; Castings 30 per cent; Bricks 95 per cent; Carting 5Q per cent.