AUCKLAND CITY FINANCE.

Dominion, Volume 2, Issue 574, 31 July 1909, Page 3

AUCKLAND CITY FINANCE.

(By Telegraph.—Special Correspondent.)

; Auokland, July 30. . The signal in regard to the'street / 'arid other, works of the Auckland City Council at present - stands at' "510w,," and according!,to a, statement in regard to • the corporation finances madeby theMay<J>r.(Mr. C. D. Grey),' it will. be a ,few months-before the indicator is reversed. The total debits on' various accounts was' shown' as" £81,134, of .which the general account was responsible for £74,274. The credits amounted to £127,282.' The genoral account, it was stated, had, 1 in -anticipation of the notation of authorised'-loans, advanced for expenditure on works ,for," which loans;;had been - authorised the sum' of £69,693, and this amount'diould lie set against I the debits, as reimbursements-would be made when the: various loans were' placed.,on the market. The Mayor added that loans had been authorised totalling ' £253,000, and ranging .in amount from. £1000 to £110,000. The raising of these loans had; been delayed by-the prorogation* of Parliament;-as : it was intended to seek Parliatnentary sanction to the ■ amalgamation.'of all these loans before placing them on tho London market. • The overdraft'on the, district fund banking , account (which includes the general account and other departmental : accounts), is'now £49,861,. but it was stated that this would bo irioreased to £63,000 'odd'by' payments authorised last night. Some of chese accounts, however, will not be paid for soine days, and in fhe meantime the' receipts,from' rates and other sources will reduce tihe debit. '

Messrs. Baker. Bros, report .that the two dwelling-houses fronting Beaoh Street, Wost-boach-(lslapd Bay),-were* purchased-at- their auction sale by Mr. Seagrif for £800.;' usual fortnightly korero of the Wel : ' lington Savage Club is to be' held in the Club Booms, Masonic Hall, . Boulcott Street, tonight, at; 8 o'clock sharp. Artistic ironmongery ■ and brasserie of every description are advertised bv Messrs. E. W. Mills and Co., Ltd., Jervois Quay and Hunter Street.. ". '• ' The D.I.C. advertise special reductions in basket casj--chairs and carpets; , i Tenders aro invited for the printing .of 1 rules and regulations for Wellington Hospital. ! 'The. Universal Boot Distributing Company,; Ltd.. Central Hotel Buildings, advertise a special offer lo regard to a line of ladlca* and' ' Ge&ts. 1 boati. i