HARBOUR BOARD RESERVE FUND.
FAT TEARS TO PAY FOR LEAN. The chairman of the Wellington Harbour Board (Air. R. Fletcher) has given notico that ho will move at tho next meeting- of tho board:— 1. That a reserve fund be established in connection with the board's finances. , 2 ii T i tho S ~P of ■ £3108 > I*'"E onehalf of tho surplus shown in tho balancesheet for the year ending 1909-10, be set aside to form the nucleus of such fund, plus the accrued interest on the above amount, being six months as from October I, 1910, to March 31, 11)11. 3. That when a surplus occurs in anv year not less than 50 per cent, of such surplus bo placed at the credit of the reserve fund.
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https://paperspast.natlib.govt.nz/newspapers/DOM19110407.2.22
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Dominion, Volume 4, Issue 1096, 7 April 1911, Page 4
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127HARBOUR BOARD RESERVE FUND. Dominion, Volume 4, Issue 1096, 7 April 1911, Page 4
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