AUCKLAND HARBOUR BOARD.

Lyttelton Times, Volume CXIX, Issue 14682, 13 May 1908, Page 7

AUCKLAND HARBOUR BOARD.

[Per Press Association,] AUCKLAND, May 12

At a meeting of the Harbour Board to-day the statement of accounts for the year 1907 was presented by tho chairman (the Hon E. Mitehelson). Tho total receipts for the year, including the balance brought forward, amounted to £122,725. The net revenue wan £93,774 as against £83,582 for 190(3. thus showing an increase of £10,191. There was every reason to expect that the average increase for the past five years would be more than sustained during the ensuing quinquennial period. Tho profits on last year's transactions totalled £27,004 and the present excess of assets over liabilities was £505,104. The great problem to be solved was. ho said, how to keep pace with the largely growing traffic. To this end the Board hud wisely resolved upon a. forward policy which, when carried out, would make the port of Auckland the most progressive and up-to-date in the Southern Hemisphere. A Bill authorising the raising of a. million loan to give effect to a continuance of the Board's policy would be presented to Parliament during the coming session.