HARBOUR FINANCE
THE BOARD'S, YEAR
The gross cost of labour, both permanent and casual, employed in handling cargo, shows an increase on .the previous year's figures, says the general manager's annual report to the Wellington; Harbour Board.
■Receipts for the year were £478,987 19s lid, an increase of £81,625 ss: lOd, and. the expenditure' ■'£460,070..'-9s sd. ah increase' of £65,961 15s Id. The balance 'on the year's, working -was £18,917 10s 6d/ compared with'£2s36 6s 4d last year. The principal increases in revenue were in general cargo imports, dock dues, pressing ; wool for export, and hire ;.of plant, cranes, etc.
; The total assets of the board are now £3,198,024:. 14s,'. and the liabilities £1,263,919 ]9s 9d, the. balance of assets over liabilities being £1,934,104 Il4s 3d, an increase of £.71,765 Is ldi This is made' tip 'principally by increases in special funds and. in sinking funds.
! The. board's debt liability remains the same, namely, £1,250,000, against which there., are nowV/sinking. ..funds amounting /to £713,840. leaving a net indebtedness: of £ .136,151; ' ■
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Bibliographic details
Evening Post, Volume CXXIII, Issue 70, 24 March 1937, Page 19
Word Count
170HARBOUR FINANCE Evening Post, Volume CXXIII, Issue 70, 24 March 1937, Page 19
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