CITY FINANCES.

Press, Volume LXVII, Issue 20428, 24 December 1931, Page 8

CITY FINANCES.

FIGURES FOR 1930-31. DECREASE IN PUBLIC DEBT. The publication of the reports of the officers of the Christchurch City Council, which was made yesterday, permit cf ft presentation of th© financial position of the municipality as at March Slut last. The reports made their appearance somewhat later than usual, this being due to the fact that the City Treasurer's department has been 1 overwhelmed with work in connexion with unemployment relief schemes which delayed the preparation of the balancesheet, on which a great deal tif the information in the Treasurer's report is based. In the figures given shillings and pGiiee have been omitted; A summary of the information regarainc receipts and payments, supplied by the City Treasurer (Mr j. W. Nivcfl), gives the following comparisons-.

Outstanding debts defcWlSßd in 1930-31 by 4513 Sihking funds iftcreascd in 1930-31 by 7215 Trading Acoounts. A sumnlary of the accounts of the trading departments for 1930-31 gives

Receipts. 1930-31. £ 1929-30. Ordinary ftevenue — Frofa Government ' Prom Taxation: Fees 27,040 From Taxation: Rates 2o0,164 From other sources 322,028 Other receipts • ■ 97,052 Temporal 1 ? leans, etc. o30,i78 CAah in hand at beginrting of year . . 2.70,011 11,300 27,239 266,634 369,675 121,708 239,184 233,550 Totals £1,308,730 £1,269,301 Piynseats. 1930,-31. 1929-30. £ Management and Public , Works • -• 763,907 Kates to OtWr Ideal ISOdi es -• 90,851 Fees t-6 other local bodies • • 15,830 Contractors'. deposits retUfned o.Eo4 Jjoans redeemed • ■ 98,144 Temporary loans repaid, 124,818 761,905 65,786 16,254 3,947 lSl,323 Total payttifeiftS 1,092,875 Cash on hand at end of year . • 215,854 $99,290 270,011 Total* £1,308,730 i Increase 1930-31: £93,585. £1,269,$0l £ Ifii 1929-30 receipts, other than temporary loans, etc., were. It 1930-31 . 798,558 . 708,538 LeSS in 1930-31 .« . £88^020 Ih 1930-31 payments totalled III 1929-30 999,290 InCreate ' in 1930-31 ; . £93^85 At the 6Jld of 1S26-SO tlieri wafc in h&&d, leefi uapreeentdd cheques At thb Ohd of 1930*31 there ttss ifl .hand .. . 370,011 . 215,854 LOSS iii 1930'31 £55,157 Particulars regarding the whole public debt are as follows 1930-31. 1928-30. ' £ £ ' Authorised' .. .. 1,831,940 1,915,743 Outstanding' .. .. 1,333,147 1,337,689 Sinking funds .. £69,194 351,973

the following:— Pioflt. Lobs. £ £ Abattoir ■ .. .2,002 — B a*,lis ,i .. Coo (Jnarries- .. 8,0B8 . — IWectricitv .. - 25,503 , — Electricity (ihiereet On ittvestfflSuts) 9,938 — Totals .. " £45,931 £63$ Net i<rOfit £43,176 For th6 compartitive figures are:— . i Profit; liOM. Abattoir .. ... £ ■ - £ •» 1,969 — Baths .. — 556 Quarries .. 6,655 , — Electricity ; 41,683 ■ , '— Electricity (interest on ini vestments) 20,170 Totals i. £73)671 £356 Net profit , 3273,115 . Decrease* in net pr6St in 1930-31 £27,938