FINANCES OF AIRPORT

Press, Volume XCIX, Issue 29239, 24 June 1960, Page 15

FINANCES OF AIRPORT

£11,955 Needed From Rates

The City Council expects to J n aV Th tO^ end £11 ’ 955 from rates vpJ h< L ChnS . tChurch air P° rt this £15325 v mee } ltS half Share °f v™. 5 for administration. Estimates approved by the council Jast evening showed that the estimated expenditure from £l2l 4n rPOrt «u P ° Ol accoun t was ™I““50, Wlth receipts estimated C30650 900 ' h Th S debit balance Of f-3°,650 is shared equally between a - F lty Council and the Civil Aviation Administration, but thei Counci l has an estimated £3600 to come from non-pool re-1 and an expenditure of only £270 to come from outside the pool.

Among the major pool receipts is an estimated £24,000 for landing Poo S nn. La „ st year they amounted to £23,321, £3OOO more than the estimate. Terminal building rents and concessions are estimated to produce £36,400, against £18,912 last year; and rented and leased areas should produce £25,500 compared with £13,097. Capital works for the year amount to £41,325, with £15,000 being provided for the freighthandling area and £5OOO for modifying partitions to No. 3 hangar. Maintenance of the flying field is estimated to cost £19,150, and expenditure of rented and leased areas is put at £4BOO.