ONLY £3191

Hauraki Plains Gazette, Volume 55, Issue 32710, 8 May 1946, Page 5

ONLY £3191

OHINEMURI PUBLIC DEBT COUNTY’® SOUND POSITION That the actual public debt of the Ohinemuri County Council as at March 31, 1946, was merely £3191/13/4 was disclosed by the county clerk, Mr A. A. Jenkinson, to the April meeting of the council.

In his report on the workings of the past year the county clerk referred to the public debt as follows:—

“The total public debt as shown in the balance sheet is £8639/10/6 but from this can be deducted sinking funds accrued at March 31, 1946, totalling £llO6/16/9, also the difference between the £2087/10/0 showing under the Mangaiti Bridge Loan and the total of interest yet to be paid on the loan amounting to £l7l/11/4 which, when paid will extinguish the loan, marking a deductable balance of £1915/18/8. This makes a total of sinking funds and credits of £3022/15/5— ’giving a net public debt at March 31, 1946, of £5616/15/1 a decrease for the year of £BO2/1/3.

“The rural housing advances of course are covered by security and the amounts are actually owing by settlers: the item therefore is only nominally portion of the public debt and if it were deducted the public debt would stand at £3191/13/4.”

nil! "11l nil".''’iliiiiliiniiii'iiiui* auction of £6975/10 compared with the amount outstanding at the end of the previous year, and is still further the lowest amount outstanding for this county on record. During the -year £37/1575 has been written off, all being abandoned ’Crown Land.

“The following is a statement of rates outstanding at the end of each ■year since ’1920. It is not possible to compare the years prior to 1920, as portion was at that date taken into the newly formed Hauraki Plains county:—l92o, £6214'6; 1921, £53’88; 19221, £4728; 1923, £6320; 192'4, £7510; 1925, £7798; 1926, £5898; 1927, £49-88; 1928, £4851; 1929, £425'4; 1930, £4354; 1931, £5708; 1932, £5401; 1938, £5384; 1934, £4887; 1985, £4183; 1936, £3203; 1937, £3069; 1938, £2860; 198)9, £2807; 1940, £2345; 19141, £1545; 1942, £1143; 19413’ £848; 1944, £653; 1945, £586; 1946/£467. “Thanks are due to the ratepayers Lor the ready response to the request Lor prompt payment of rates, and also for payment of arrears owing. ’There are qute a few who are now .-free of debt to the council and who ’.have not been so for many years. “Native rates levied totalled £525/16/4, and only £44/6/11 was paid, being 8.38 per cent, of the amount struck. A total of £376/4/1 has been written off.”