THE CITY'S ACCOUNTS.

Evening Post, Volume LXXII, Issue 92, 16 October 1906, Page 6

THE CITY'S ACCOUNTS.

A "TAG." A "tag" was attached to the Wellington City Council's balance-sheet when it was received back from the Audit Department. This "tag" is Teaily a report, oi certain proceedings connected with the accounts. The, department applied for information it <co_uld--not g£t..from two of the corporatiolftfjsSfcfrutive oflktrij '. The matter -wa3 referred 'to the Gomp-trollcr-General, and the Mayor was requested to giyo the; information reqiiire'd;" but refused on tho grounds that "the matter was not one on which the Audit had any -right to ask "for details. Tha correspondence that passed on this subject, together with a report, was affixed to the balanaetsheeU. .ITharo is one item on the draft of tho balancesheet submitted some* time ago that may excite an average accountant's curiosity. There is etated to be a sum of loan money amounting to £246,000 on deposit, l're humably the money was borrowed at a late higher than the one received for it; on deposit. The balance-sheet ajso sefs, out that the last loan was,-arranged at a price of 98. These are matters which will' probably come before 'the Finance Committee rais tffte'fiio'oik and the" whole • subject may be discussed by the council on Thursday evening. The subject of the "tag" was mentioned to the Town Clerk (Mr. J. R. Palmer) this afternoon, and ho said that- the whole matter would 1 be-.published in 1 due course.