HARBOUR BOARDS FINANCES
ASSETS INCREASE BY £IOM IN TEN YEARS
The income of harbour boards rose from £4,940,000 in 1953-54 to £5,726,000 in 1954-55, and their expenditure from £4,854,000 to £5,393.000, showing an excess of income for the year of £333.000, compared with £86,000 for the previous year, according to the latest issue of the Abstract of Statistics.
Cargo, the main item of the accounts, brought in £3,206,000. Expenditure included £1,638,000 on handling charges and other items, while administration and amortisation of debt accounted for £2.059,000. Net indebtednes rose from £9,800,000 to £10,533,000, while annual loan charges rose from £ 868.000 to £933.000, an increase of £65,000. Total liabilities have risen from £7.412,000 in 1944-45 to £11.013.000 in 1954-55, an increase of £3,601,000, while assets have moved from £18.847.000 to £29,292,000, an increase of £10,445,000 for the same period.
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Press, Volume XCIII, Issue 27990, 9 June 1956, Page 4
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138HARBOUR BOARDS FINANCES Press, Volume XCIII, Issue 27990, 9 June 1956, Page 4
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