THE BREAKWATER LOAN.
Teh following are the statements read by Mr Vantier in moving his resolution respecting the breakwater, otatement of approximate revenue and expenditure of the Napier Harbour Board for the year 1879.
Miscellaneous and Spit light .. .. 50 0 &•■;.?- Balance in favor of revenue .. .. 5374 6 2~ 7 £7076~"<ri ";•":' LOAN ACCOUNT. Amount of loan required £226,000 - Appropriated os underRepaying present loan £75,000 :. Constructing breakwater £150,000 £225,000_ ,- INTEREST ACCOUNT.' Dr. . ' / Interest on £225,000 at 5, £11,250, Difference of interest on ■ ■ •'. : £75,000 at 2, .. .. £1500 £12,750 Cr. nterest accruing 0n£75, 000 invested in Government securities at 4 per annum £3000 ■alance from approximate '. account . . .'. . . 5374 Amount required to meet interest on loan.. .. £4376 £12,75 Dr. KErAYMEND OF LOAN. Amount of loan as abovo 7 - i-. . £226,000 Cr. Eepayable in the last forty years by £2367 15s lid payable yearly and invested in Government 1 securities together with interest accruing thereon at 4 per annum - £225,000
REVEKDE. Jt £ s d Wharfage dues 4750 0 0 Hems of reserves (leased) .. .. 552 10 0 Pilotage 1100 7 2 Port charges . . . . . . . 270 15 3 Vessels goo 0 0 Storage in sheds 04 9 3 Licenses issued vessels 30 19 0 £7075 0 8 EXPBNDITURB. Consulting 1 Engineer • .. 150 0 0 Wharfinger 200 0 0 Secretary 200 0 0 Solicitor .. .. ... .. 25 0 0 Signalman ".' 20 0 0 Pilot Service and Stores 100Q 10 0 Printing and advertising 25 0 0 Municipal rates 24 £ a
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBH18790328.2.22
Bibliographic details
Hawke's Bay Herald, Volume XXI, Issue 5342, 28 March 1879, Page 4
Word Count
238THE BREAKWATER LOAN. Hawke's Bay Herald, Volume XXI, Issue 5342, 28 March 1879, Page 4
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.