CAMBRIDGE FINANCES.

New Zealand Herald, Volume LV, Issue 10867, 4 June 1918, Page 4

CAMBRIDGE FINANCES.

I -o- — j [BY tei.ei;rapu OWN CORRESPONDENT.] CAMBRIDGE. Monday • A sr.UMARV of the borough finances and a review of the year's operations were presented by the Mayor at the 1; st meet 1 ing tit the council. The three main I accounts showed a surplus for the year ended .March 31, 1918, aggregating £159. Existing loans amounted to £43.756, while the deficit on . urrent account was £3843. Til ratable value of the borough sto «1 at £19.874. and the capital value at £394,000. 'i he report dealt with a proposal to instill a small suction gas-dri\eu electric set to relieve ho load on he gas plant, to savo expenditure on extending the gas works, and as a temporary measure, pending the carrying out of the propose,} Arapimi hydro-electric scheme by the Government. It is not proposed to take any action during the continuance of the war. Future improvements which it was mentioned should be considered were a wharf 1 and storage-she.! on the bank of the Wai- ■ kato River, and the erection of public ' conveniences in the centre of the business 1 portion of the town. Rates were struck | similar to those of last year.