NORTHOOTE'S AFFAIRS.

New Zealand Herald, Volume LII, Issue 15885, 5 April 1915, Page 7

NORTHOOTE'S AFFAIRS.

A SOUND POSITION. The balance-sheet of tho Northcote Borough for the year ended March 31 has been prepared by the borough treasurer. In the general account receipts amounted to £1432 13s sd. Last year's debit balance was £405 7s lid, which, during the year, was increased to £1398 5s 7d. The hospital and charitable aid account showed a debit balance of £4 14s 9d, while the sanitation account closed with a slightly decreased debit of £42 16s 7d. Contractors' deposits to the amount of £47 are held by the council. The water maintenance account started the year with a credit of £135 Os 4d, which was increased to £255 10s 4d. The disbursements included £138 12s for replacing the building and plant destroyed by fire- The waterworks loan interest account closed in credit £30912s 2d, and the street improvement loan interest account in debit £11 Os Bd. The road loan account, which started with a credit of £100 17s Id and was augmented by £107 10s 3d for the sale of plant, received a transfer from the general account of £238 17s 50, in order to balance it. The total expenditure in the account for wharf approach improvement was £447 4s 9d. i The total overdraft in the district fund account is £816 15s Id.