PAPATOETOE RATE.

Auckland Star, Volume LXIV, Issue 204, 30 August 1933, Page 10

PAPATOETOE RATE.

ESTIMATES APPROVED. LEVY OF 3JD IN" £. The estimates for the current year's •work, requiring a rate of 3-} din the £ on capital value, were accepted by the Papatoetoe Town Board at its meeting last evening. The total capital value of the district was stated to be £573,061, against £790,000 of laet year, and it was pointed out that although the rate of 3}d in the £ which will be formally struck at the next meeting of the board wae an increase on last year's figure, the total revenue from the general rates will be £450 less than last year, being £7558, against £8000. The board has budgeted for an. estimated expenditure of £11,260, which will be met by a general rate of ljd,- interest on sinking fund Ifd, Hospital Board .levy fd in the' £ capital value, and £3008 arrears, estimated to produce £2415. It was stated that £35,000 of the £573,661 capital value was State-owned property and therefore not ratable, and that a debit balance of £1846 .wad carried, forward from the end of the last financial year. It. was suggested that a rebate of 5 : per cent be allowed on all rates paid . before October 19, 1933, provided there . be no arrears outstanding. j ■ j i