WELLINGTON CORPORA= TION.

Dominion, Volume 1, Issue 216, 5 June 1908, Page 9

WELLINGTON CORPORA= TION.

—: —«- ■ ESTIMATES FOR 1908-9. GENERAL ACCOUNTS, j ; An estimate of tho receipts and expenditur< ; for tho ensuing twelvo months was submitter at last night's meeting of tho City Council It was as follows:— Re- Esticeipts mated ■ last ..receipts year. 190S-9. Rents:— , £ .2 Reclaimed Land .12095 13790 Hunter Street 2131 2816 . Market Roserve . 1053 1050 To Aro l>ah 21 21 Pahiatua 478 GO3 Street Widoning Proper- . ' ties : 4559 5594 City. Reserves :. 809 850 Licenses Auctioneers' 1253 1270 Dogs ' 1122 1130 Publiqans 2103 2198 Vehicles 558 - 500 ■Wholesale 510 510 Other Licenses • 742 700 Building Fees ; 1551 .1560 Cemetery < 1318 1950 1 Government Subsidy ISO 450 Town-Hall 2359 2500 Baths " ...„ GSB G7O Sanitation Fee : 1399 1750 Repayments 5705 • 3500 Interest on Deposits. .1883 452, Sundries ....' 710 750 Fire Brigade for Services ...... .210 200 Adjustment with Fire Board 2795 — General Rate at 2 1-lOd, in: tho £ , £ . will 'produce 88114 Rate last year 2d. Wo levy this year ; over a larger .area owing to the . inclusion of Northland. . ' ' ' ' £133,111 0 0 ORDINARY EXPENDITURE. Streets '.Work 1 -, 40502 40653 Scavenging and Street Watorv ins ; 5997 0050 Collection and Destruction of. ' Refuse 5431 . GOOO Drainage 6468 5750 Fire Brigade .• • GG72 80C0 City Reserves .... 0701 5762 IE Cemetery 1561 18S0 Street Lighting 4823 . 5950 : Baths v ...... 712 3200 Town Hall:—Cleaning, Light- . ing, Repairs, etc., £1701; ■■■..' Interest on 'Loans, £3246 4947 4950 . Printing,. Advertising, and 7 Stationery, 1191 -1200 Sanitary Services 1330 1700 Land'at Maranui 1 1135 1090 Technical School , ....../ 250 ' • 250 • Subsidies to ..City Bands ...'■ 250 250 N.Z.. Academy- of .Fine Art's . ,50.; 80'' Miscellaneous (Office Expenses, .': Cost of .Elections, Insur- ' . . ances, .Fuel, and Light- \ V ing) 4221 4250 Salaries ..■ 6088 •. 6088 ' INTEREST ON LOANS CHARGEABLE TO . ; GENERAL ACCOUNT.' ■,

Street-Paving Loans, 4 per cent. on .£55,000 and charges 2225 • Street Paving Loans, 43575 at' per cent. ; , 162 Street Paving Loans,; 410,000 at'4i . per cent. - .450 •' Street Widening, Loan, -±6120,000 'at .4 per ccnt., . 4800. Consolidated Loan (3-5 to General Account) '-2817 Overdraft Loan 1897, 441,000 . at 4 ' : cent.' 1 . . 16-10 Destructor, and Lighting Loan,. .' .445,000,•at 4 per-cent. 1800 Portion of City Improvements Loan 3520 To Aro Reclamation Loan, ,£3550, at c ® nt - . T >; 15915 Horse Tramways Loan,- 420,000,. at . 4. per cent. 800 City-Works \Loan; : 4-10,000, at 4 per ■ ... cent.- ■' .v ■ y ±600 ' Hunter Street Endowment Loan, ■ at 4,per cent. ,-. 6GO ' SINKING FUND CHARGEABLE TO '■ GENERAL ACCOUNT., . - Street Widening Loan, 4120,000, at 1 per cent. ' . r ....v. 1200 . Portion' of .the ,£330,000 Loan ' for . Tramways, Street Paving,: and • 1 , 'i'bwh Hall, ,£105,000, at 1 per' cent. 1050' Do. do. 475,0b0. do. >£25,375 at 1 per : cent,:; .1.;.;...,-:.-.-..;..;.;....'..-...,25315 Do. do. .050,000 d 0,.. . 415,354, at 1 per cent. • ' 153 10 Portion of . tho Consolidation Loan >■ ■ '• . (3-5 42000),- . 1200 City Worlis Loan, 440,000 at 1 per , , -. 'cent/' .' ; 400 : Destructor and Lighting Loan, ..445,000,; at 1 per cent.' 450 Hunter Street Endowment,- 410,500, at 1 per cent. 165' SPECIAL EXPENDITURE. . Gardens. f ■ '...'; 1000 Disinfector for the Destructor i'„. 450 ' Shortage on the 448,000 Repayment' i :. Loan ' ; isoo • , . . , .' 131,309 1 5 ■Estimated excess of receipts .... 1744 5 .4133,114 0 : Proposed to do the following works by temporary advauce from General Account this year:— . "Newtown Library Additions '4495 Deduct amount charged in Li- ■' brary estimates 678 • • ■ ' 3817 ' New cases for Museum and . Library 1000 ■' / 44817 , WATER HATE. He- . Esti- . . . ceipts mated last receipts year. 1903-9. * \' 4 4 Rate at 2} per cent, on an'niial value 1940S 21930 Water to Harbour Board ... 48811 4800 Water to Government. 1403 1450' Water to public 4578 4800 Water to Tramways and Electrical Department ... 93-4 1000 Repayments'..... 445 450' Interest on deposits i 7615 2014 Labour and material and other works 8410 11000 Salaries ; '... 3220 3220 Printing, advertising, and ' . stationary, and office expenses U 1343 1400 Interest on loans:— VVainui waterworks loan and charges, 4130000 at 6 per cent. 7890 Consolidation loan (2-5 to waterworks account) 1898 ' Waterworks loan, 1897, '4J per cent. 011 45290 238 Wator supply improvement loan, 4!- per cent, on 4190,000- ffinn Sinking fund:— Water supply improvement loan, 1 por cent.... 1500: Consol loan (2-5 of 42000) 1 gOO ' . , , 43594G

Estimated excess of ' receipts * ' . -C»U RATE FOR HOSPITAL AND CHARITABLE . AID. Rate at 2Jd. in tho J? ,on annual valuo OGOO T , ■ £9600 Last year, 3d. tt •, , n i Last year. This year Hospital Board ... 9253 7 8 . 7614 IS 4 Charitable Aid Board 2518 19 4 2081 3 4 -£9595 18 8 RATE FOR INTEREST AND SINKING FUND ON CITY IMPROVEMENT LOAN OF .£IOO,OOO. £ Hate at l-10th <1. in the ,E on tho unimproved value' jjjoi) Transfer from general account 3520 T t 11m -2(020 Last yoar, l-10d.. Interest and 'charges ' nnrn Sinking Fund 700 Cost of collccting rate 250 47020.

RATE FOR INTEREST AND SINKING I'UND .ON SANITATION . LOAN OF ,£165,000. Rate ni 7-2Gd. in the £ on unimproved valuo 9410 _ , £9410 Last year, 7-2Gd. Interest and charges 7510 Sinking fund IKSO Cost ol collecting rate 250 £9110 RATE FOR INTEREST ON SANITATION LOAN OF ,£33000. Rato at l-2Gd; in tho, £ 1350 Interest on loan and charges £1350 RATE FOR PORTION OF THE INTEREST ' ON THE CONSOLIDATION LOAN OF £200,000. Rate at l-10d. in tho £ will/produce... 3500 RATE FOR INTEREST AND SINKING FUND ON MELROSE IMPROVEMENT LOAN OF £33500. • Rate at L3d. in the £ 1873 , ■ ; £1873 Interest on loan 1507 10 Sinking fund 333 £18-12 10 LIBRARY RATE. Subscriptions, etc. :..... 722 Rate at l-13d.' in the £ 3220 £3942 Working oxpenses 2733 Interest anil sinking fund 531 Balance on account of library extension (Newtown) ....... G7B £3942' RATE FOR INTEREST AND SINKING FUNDON DRAINAGE LOAN (Part Melrose Dis- , trict) £100,000.. Rate at 3d. 'in the'£ >. 2708 £2708 Half year's interest due November 1... 2000 Sinking fund .> ■ 500 .. . ' £2500 SUMMARY. Cr. General account 1744 5 0 Waterworks account 498 i 0 0 ' Cr. £2242 5 0 RATES FOR THE YEAR. The Finance and Property Committee recommended that the rates for tho current year bo fixed'as under:—

General rate—2 l-10d. ,in tho\'£ oil the unimproved value. ' • Water ratc^—2J.per cent, on the annual value. Hospital and Charitable Aid rate.—-2Jd.. in tho £ on the annual vajue.i . Rate for interost and sinking fund, -City improvement loan.—l-10d. in the £ on the unimproved value. Rato for interest and sinking fund, sanitation loan. No. 1.—7-26 d. in the £. " ; Rato. for interest \and sinking fund,: sanitation loan No. 2.—1-26 d. in tho £. • Rato for interest on portion of consolidation loan.—l-10d. in tlio £. Library rate.—l-13d. in tho £. l-3d. in. tho £ (on Melrose Ward only), for interest and shilnng fund on Melroso' iinprovein'ent loan. Rate for interest and sinking fund on outlying districts drainago loan (on part Melroso district).—|d. in tho £.; the total' rates being practically equal to tho rates lovied last year. The Major stated that the amount proposed for tho new. general rate was an increase of l-10d. on the rato of last year. The Hospital and Charitable Aid;.rate, had been reduced practically in proportion, so that tlio total rates should be, within a thousand pounds or so, tho . same as-last'year. •. . Councillor Carmichacl suggested that tho rates and estimates should, bo considered at a special meeting, as councillors had just seen them for tho first time, ...

The Mayor askod_ for the opinion- of tho Council. It was advisablo to get out the rates as soon as possible. . . Merubors decided to go on with tho subject. Tlio Mayor said that tho estimated excess of receipts over 1 expenditure on the general account was 41744. It was proposed to do certain works at the Newtown Library by temporary advaiico from the general account. It was estimated that tho amount sot down for theso (44817) would be rccoupod to I,lie general fund in'three years' time out of-the library riito. It; had been intended to spend part of tjiis.'.suin out of : 'tho accumulations of the last three y oars/ but last year's accumular tion! was", devoted to street-widening purposes. Tho water , rato proposed was tho same <is last year's. In .this case thevestimated excess of receipts' was only 4498. It was possible that' they would be able to' savo portion of tho estimated .'expenditure of 411,000 for labour," material, and other works, 1 if they should'determine to use part of the r waterworks loan for a bridge 1 over the Ilutt. The: rate ■jur'lh'e hospital was reduced from 3d. to 2id. ! ' The other rates were the same. as' last: yuar, and would not vary till-a new valuation* in. He moved'that tho proposed rates: be' .-ulopted. . Councillor. Ballinger thought that the- expenditure of 4SOOO, which ■it was proposed to allow for tho.Firs Brigade, should be.increasedto at least -410,000. The committee had. expected to get 411,000. The Mayor -thought that if 411,000 was needed it would bo better'to raifee a small loan. Ho stated, that ho was not much in sympathy with tho project of a new station at Thorndon. • Ho considered that it. was better to havo a well-manned, well-equipped central station, with several motor engines. They were, ho supposed, -pledged,.to "the'policy of another station and they must'go on with it, but it was not desirable to burden tho income of 0110 year too far. .. . , Councillor' Luke, though! a member of the Fire Brigade Committee, admitted ■ that, iu view of othor special expenditure, tho brigade must stand down to sonio extent. • Councillor Ballinger stated that at tho recent' Post Office fire the brigade,-while doing splendid work, was handicapped by want of '^ rs oth ° r ; equipment. They could savo 41000 of tho 41i,000 'originally hoped for by doing without a new motor engine. ' The Mayor stated that another brigade need of 41500 tor land could probably be'met from accumulation or by loan, so that altogether their wants were reduced to 48500,' which was not far above the 48000 allowed for on tho estimates. After somo further discussion, the rates and estimates were approved.-