HOSPITAL BOARDS’ FINANCES
AGGREGATE DEFICIT OF £50,000. AUTHORITY TO BORROW BY OVERDRAFT. By Telegraph—Press Association Hamilton, March 13. The Hon. J. A. Young, Minister of Health, referring to the clause in jhe Finance Bill extending authority to hospital boards to borrow by overdraft during the current financial year, today said: “An examination of the financial statements received from hospital boards for the nine months ended December 31 indicates that although the majority of the boards are likely to keep within their estimates for the year a number of the larger boards are faced with deficits. To deal with the position it is necessary to extend temporarily the. statutory borrowing powers of boards. It is not yet possible reliably to forecast the position at March 31, but it is estimated that the net aggregate deficit of the boards as a whole will be approximately £50,000. The items showing the greatest variation from the estimates made at the beginning of the year are patients’ fees and receipts and outdoor relief and hospital maintenance payments.”
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Bibliographic details
Hawke's Bay Tribune, Volume XXIII, Issue 77, 13 March 1933, Page 7
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172HOSPITAL BOARDS’ FINANCES Hawke's Bay Tribune, Volume XXIII, Issue 77, 13 March 1933, Page 7
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