DUNEDIN HARBOUR BOARD.

Evening Post, Volume LXXXI, Issue 22, 27 January 1911, Page 3

DUNEDIN HARBOUR BOARD.

■ DUNEDIN, 26th January. In reviewing the operations of the Harbour Board for the past year, the chairman (Mr. Barclay) said 'the " year opened with a credit balance of iib,262 14s Id, and closed with a credit balance of £20,448 15s 9d, of which £20,328 was in the hands of the bankers, to meet coupon interest due. The total receipts were £176,610 4s sd. The ordinary expenditure was £85,370, and the ependiture on works out of loan £29,160. Imports of general merchandise increased by 25,743 tons, and transhipments by 2620 tons. The imports of coal and timber showed a slight decrease. Exports were practically the same as last year, this feature being the least satisfactory of the board's operations. Shipping entered amounted to 1,042,826 tons, an increase of 40,770 tons over 1909. Regret was expressed that the passage of the Harbour Amendment Act compelled the retirement of three of the most useful members of the board. The chairman said he considered it dangerous for almost any business man to take a seat on the board at present, as he might find himself any day compelled to resign, and subject to heavy penalties* through no fault of his own.