THE LYTTELTON HARBOUR BOARD.

New Zealand Herald, Volume XXVIII, Issue 8482, 5 February 1891, Page 5

THE LYTTELTON HARBOUR BOARD.

ANNUAL MEETING. [BY telegraph.—press association.] Christchcrch, Wednesday. The annual meeting of the Lyttolton Harboard was held to-day. The secretary's report showed that the receipts for the year had been £55,548, including £10,292 credit balance from last year. The expenditure and outstanding liabilities were £28,991, leaving a surplus of £26,554. The estimated revenue this year is £26,730, and the expenditure £25,492, leaving a surplus of £1238, exclusive of the present surplus. The assets are £477,747, and the liabilities, including £200,000 loan, £201,218. Since dredgirg was begun 2,833,950 cubic yards of material have been removed, at an average cost for ten years of 6d per yard. The Graving Dock account showed a credit of £248. The Sailors' Home had sheltered 245 men, as against 196 the previous year, and the Board had only to contribute £80, as against £150. The chairman stated that the accumulated sinking fund amounted to £15,954. The Board had now apparently no other alternative than to go to law with the Railway Commissioners, who persisted in retaining possession of No. 5 storage shed, notwithstanding that they had no funds to pay for it, nor were likely to obtain any.