HARBOUR FINANCE

Evening Star, Issue 20055, 21 December 1928, Page 3

HARBOUR FINANCE

STATEMENT OF YEAR'S WORKING An abridged financial'statement-of the Otago Harbour Board’s operations for the year ended'September 30, 1928, and a comparison with that of the previous year were submitted to the meeting of the Harbour Board last night by the chairman (Mr H. E. Moller). Ho stated that the year’s work had been particularly strenuous, the various matters relating to the dredger Olakou and the mole works and financial arrangements in connection therewith, the whaler C. A. Larsen, the purchase of the Port Chalmers wharves, the Albany Street School site, etc., exacting much time and thought.

Following is tlio statement:— Year Year ended ended Sop. jO , Sep. 30, Cush receipts— 1927. 1928. Dues —imports £48,683 £48,336 Dues—Export Pilotage port charges. 23,857 25,261 and berthage 42,626 43,580 Towage, cranage, etc. 4,076 3,005 Receiving and delivery 12,233 10,468 Kents 21,056 21,945 Miscellaneous 9,968 15,143 Dock department 6,685 8,277 Totals Transfers— (1) Kattrav street widen£i68,187 £174,116 ing reserve fund ... . (2) No. 2 loan account .. 2,515 re plant for mole works — (3) Outstanding coupon. 1,718 account (London) — 15 Totals Cush Expenditure— £170,702 £175,851 Dredging, etc £23,086 £26,775 Engineer's department ... . 4,111 3.501 General works il.M.’s Dept, (including 21,969 24,454 tugs and lighting) ... Insurance (accident, life 12,284 12,366 and superannuation) 4,706 4,548 Receiving and delivery Secretary and treasurer's 9,298 7,808 department 5,688 5,701 Miscellaneous interest on loans (gen1,657 1,AJ0 oral and dock) Contributions to sink52,653 53,702 ing funds Various — 650 2,150 Main sewers—progress pa ymouts •Roadways — i’art cost 4,510 5,5 IH permanent formation Roadways — i’arfc cost 5,714 2,850 paving Wharf street Rattray street widen3,584 2,726 ing—Purchase of land Albany Street School (new site) compcusatiou, etc — 5,416 Dock working account Transfer to llro insur.4,973 6,332 anoo fund Transfer to No. 1 loan 350 350 account 15,022 —* Transfers re loan redemption— (1) £205,000 loan — 5,000 (2) £5,500 dock Joan ... Loan (1934) rodemp- — 5,500 lion reserve fund ... — 2,500 Totals £170,265 £178,391