CITY'S FINANCE.

Auckland Star, Volume LIII, Issue 249, 20 October 1922, Page 7

CITY'S FINANCE.

THE HAIF-YEARLY BALANCES. NKKI) FUK \ Hill.AN. K. A -tatemcnt with municipal finance for the half-year ended Septciulicr Mil. wa* submitt'.-il Ui-I evening ~, the lily Coiin.il. It wh.- shown that the various committee, are elo.-ely adhering to tho vote- lor expenditure, and that clo-e consideration i- beinj; piven to ail item- in tin' ~Oiedll!e of i'.<tin.ativi for tl'..- full vcar.

In submitting the report the Mayor said the Work, i nminiui-.- lull, durinj; the period reviewed, undertaken a special work, th- »iileninj,' ..t Mountain Koad, Kp-om, for which u.i pro\i-ion had '.ieen made in the When the land «a.- l<r-t orten-d hy one owner it «ar- felt 1 1ml the opportunity -houhl not lie lo.t. and with Ih. , prospect ot road widening iirranyemcnts liad lieen completed with other landowners. Ihe total expi'iiditirr" on ihi- work was- « —i imated at £37 in. Other special road "oik- under cor-ide, at ion wore the further widening and lilii'ji-in of .1 road depres.-ion below the ■ •rummur School, ami thp wideninu of the Mamikuii Hund. In view ..f the-c special works it win quitp inipivibli , ;ti authorise any furihpr work- !;' a sound financial position was to lv iri.iitit.iit] "'d i:i tlii- account.

The estin..n«il credit balaiue in the waterworks a count, the Mayor continued, war- at March :i! next ETitSti. 'Ihe debit b.il.ir. c -how 11 ill the trea--lir'v's detailed state:nent wa- Ei". WO. but nt the er.d of the year the a.count would o!o.-ely sippro.vimaie to the e-ti-mates, a* heavy demands had still to he met for Nihotiipii and other charges. Tl-- Domain tni-t account -bowel a debit balance of EIS.VI. which w.Mi'd he adjusted at the end of the y ar and disnpDear. It was provided fur in the estimate-. The debit balau c in the account had be -v lvditce 1 to £ir.7.2.V2. due to the loan i.«*Ue of £50,000. ?a lr - of property had been slow. The d-rb'.t balance of (!!'<!« in tlie produce market fund wa- hei.ic rediu-ed by annual appropriation*. A further £1000 would be d.-dv ted dttrinir the cur. rent year. This debit nei— mnluted during" 1013-1"'. "b-n the lard uas lyinu idle and a rental of £21)00 a year wa* going on. The (on-o-irla..<l Loan. 1014, showed a credit bnlanee of Ein:,i'.. wliieh would be appropriHte.l for th.. .!-,v,t and other purposes. The credit balance in the Consolidated 1.0.-iv, 11121, was .limvii as £.fs,nr.n.

Tramway revenue, the Mayor " !v sevved. was well maintained, the financial operations sati-faetorilv controlled, and all interests well in hnml. A satisfactory position could be reported, particularly in re<pect of improvement * in tra!Tie control, improved initiative and efficiency iiniong the whole stall", and a gencrailv improved service to th" community. "If the council."-eonehided the Mayor, "is ii;> to contin-ie thin pr-i----jrresslve. policy for two or i-brec years. t"be system will have rea I •<! a hi«b standard of perfction. parti'illarly iiw» now ceem to he s o well assured of the fitllest co-operation of all member* of the service."