MOUNT ALBERT.

Auckland Star, Volume XXXIX, Issue 105, 2 May 1908, Page 8

MOUNT ALBERT.

The annual meeting of ratepayers in the Mount Albert Road district, was held In St. Luke's Parish Hall last evening. The Chairman of the Road Board (Mr M. J. i Coyle) presided. The Chairman, in presenting the balancesheet, stated that v the general rates collected ! during the year amounted to £1559, an increase of £288 over the previous twelve months. The expenditure on public- works during the 12 months was £1880, which i included £228 14/2 for tarring and sanding, £1094 for cartage and labour, and __2_5 formetal and scoria. The administration cxi penses amounted to only £322, or less than 2$ per cent of the income. The hospital and charitable aid _.._. _____asea year by year, the amount which the district was called upon to pay lust year being £_2G 8/11, or very nearly £80 mere than the previous year. The income from the lighting rate with the balance from last year amounted to £411. Twenty additional lamps were provided during the year, at a cost of £73. The maintenance of the 62 lamps'uow i in use cost £233. There remained a balance of £96 to the credit Of the account On the previous year, owing to the great demands for extensions, the water supply account , showed an actual loss of £255, and out- ; standing liabilities amounting to over £300. During the year just closed the revenue Hum water amounted to £1428, and the cost of supplying water came to £1008, so that the year's transactions showed a profit of £400. The water supply account now had £873 standing to its " credit, which would be ample to provide for all likely, extensions in the immediate future. The Board had in hand sufficient 4in mains to lay 120 chains independently of the pipes vow lying on the grouud ready for laying in Parish and Elizabeth streets. Additional drainage had been effected at a cost ot £103, which absorbed the balance stand- , Ing to the credit of the drainage' loan account, together with a further sum of £38 ; odd, which had been charged against the . general fund. The Board had met with considerable success in the flotation of __.c ~,water extension loan of £5000, '"• the deben- ; *-.'■■■■ "VV . ■~."■ ,

tares, being sold at a premium. The cost of raising the loan was only £61 17/,' being J less than half 1 what was expected. The loan : was raised for the purpose of. laying 356 : -hams of mains, but this had been exceeded by: three This account was still to credit to the sum of £___. All interest 1 charges on the loans had been met as they fell due, and all the loan rates accounts were in credit as follows:—Drainage loan i rate, £54 8/2; water loan rate, £851 8A1; main road loan rate, £220 7/7. The clerk had prepared an estimate which, if approved by the Auditor-General, would mean that the total rates to be levied would be reduced by nearly id in the £, or 2/1 in each £100 ■ of value. After some discussion the chairman's re- '. port and balance-sheet were adopted.