VERY SOUND INDEED
FINANCIAL POSITION OF CITY “In mv opinion, the financial position of the citv is very sound indeed,” said the Mayor (Mr. R. A. Wright) yesterday. “I am quite satisfied about that, and there is no need for uneasiness on the part of the ratepayers. Tho rear has been a very hard one indeed. At the beginning of. the year, after cutting down our estimates as far as possible. the estimated expenditure was £6OOO moro than the revenue was estimated to produce. Tho council did not want to interfere with tho general rates in any way, and it was decided to exert every effort to conserve the expenditure in order to trv to save the £6OOO. When the present month ends I fully believe it will be found that the council has accomplished what it set itself out to do, and that a good deal of this money will Lave been saved.”
Mr. Wright also said that he considered the amount of the city’s overdraft at the end of the financial year would not exceed £lO.OOO, and that tho amount of revenue outstanding would be much in excess of that sum.
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Bibliographic details
Dominion, Volume 16, Issue 148, 10 March 1923, Page 4
Word Count
193VERY SOUND INDEED Dominion, Volume 16, Issue 148, 10 March 1923, Page 4
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