EXPENSE OF RESERVES.

Manawatu Standard, Volume L, Issue 146, 20 May 1930, Page 5

EXPENSE OF RESERVES.

CItITICISM OF COST. “We liave the most valuable reserves of any town in New Zealand and yet we have to draw on the general funds,” observed Or Clausen at rhe meeting of the Palmerston North Borough Council last evening, when a proposal came forward with tho estimates to appropriate £llOO for that purpose. The Mayor: What about the reserves of Wellington? Cr Clausen: They make a profit of £70,000 or £BO,OOO on their trams each year. It is up to us to make these areas pay. We are losing on our reserves, buses and abattoirs. Cr Mansford: Do you suggest that we should make a profit on the reserves ? Cr Hodgens: Or do you suggest that we should sell them? “These reserves should support themselves. In the early days we always had surplus money,” commented Cr Clausen. Cr Fitzherbert (chairman of the reserves committee) stated that during the past few years the expense of maintaining the reserves had been steadily reduced. He said that Wellington spent £34,000 out of its general account last yenr on reserves and Wanganui £SOOO, while Palmerston North ■ was asked to contribute a paltry £llOO. The proposal was carried.