HARBOUR BOARD FINANCE.
HALF-YEAH ENDS WELL.
ACCURATE FORECASTING
In his financial statement for the half year ended March 31 last, the Auckland Harbour Board treasurer said the general account commenced with a credit of £03,978, and notwithstanding advances to loan account of £38,514, ended * with a credit of £36,080. That confirmed the estimates, which provided for general account carrying a large part of the burden of loan works for the time being, thus saving interest charges. The estimated receipts had been exceeded, and the estimated payments, which were for a twelve months' period, appeared to be reasonably accurate when applied to the six-monthly comparison. Heavy commitments had been made for interest at July 10, 1027, and the necessity or otherwise for specially raising funds would be dealt with in a further report at an early date.
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Bibliographic details
Auckland Star, Volume LVIII, Issue 108, 10 May 1927, Page 9
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136HARBOUR BOARD FINANCE. Auckland Star, Volume LVIII, Issue 108, 10 May 1927, Page 9
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