AUCKLAND HARBOUR.

Dominion, Volume 3, Issue 837, 8 June 1910, Page 8

AUCKLAND HARBOUR.

KEVENUE AND WOKKS. PEOPOSED DOCK EXTENSION. (by Teleeranh—Press Assnciation.) Auckland, June 7. An important statement regarding the finances of (he Auckland Harbour Board aiid the schemc of harbour improvements to be immediately undertaken was made by the chairman (Mr. A. J. Entrican) at the annual meeting of the board this afternoon. In moving (he adoption of the statement of accounts and oflirers' reports for the year ended December 31, 1909, lie • i: aid .that the total receipts for the year were ,CM3,382; and the not income 4:98,338. Though the 1909 revenue had not. come up to the forecast, lie had good reason to lie* here that the revenue lor 1910 would be well up to the 4Mlo,fioo estimated. Tho Admiralty was now paying the full subsidy of .£SOOO per annum. The profit upon the year's transactions on general account had been *£32,*269. The board's landed properties had been revalued by iho Government Valuation Department, and showed an increase of .£118,121 since the last valuation had boon made, and the net capital value of tho board's land and other properties now reached the grand total of The credit to capital account was .-t590,. c 08; to reserve account <£70.000; and the excess of assets over liabilities was <£673,286. Referring to the Calliope Dock, Mr. Entrican said: "The renewing of tho pumps, and the docking of the caisson will probably require an outlay of some ,£BOOO to .610,000, and the larger question of the extension of the Calliupe Dock must be faced, as in 1912 Auckland becomes the head naval station of the Pacific." He then enumerated various contemplated improvements. Mr. J. H. Gnnson said that the statements of accounts N showed that the board's position during the past.'twelve months had improved to the extent of He thought that the board was to be congratulated upon its sound financial position.