FLOATING DOCK
DEPRECIATION ISSUE
Referring to the financial position of the floating/dock as shown in the general manager's report, Mr. C M' Turirell stated at yesterday's meeting of the Harbour Board, that the dock was' practically paying for itself It was ridiculous to say that it was losing £3000 a'year, because that was not so It was providing for a replacement fund, and it was paying its way He did not think the matter was being presented m the best light. It should not be loaded with depreciation The chairman (Mr D, J. McCowan) said that the general manager had assured him that the board itself had* agreed to the depreciation. Mr. Turrell said he thought it was the wijong principle In ordinary husiness depreciation was not provided for twice over i
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https://paperspast.natlib.govt.nz/newspapers/EP19370325.2.174
Bibliographic details
Evening Post, Volume CXXIII, Issue 71, 25 March 1937, Page 19
Word Count
132FLOATING DOCK Evening Post, Volume CXXIII, Issue 71, 25 March 1937, Page 19
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