MOUNT ALBERT'S PROGRESS

New Zealand Herald, Volume LXI, Issue 18703, 8 May 1924, Page 11

MOUNT ALBERT'S PROGRESS

Rl-VIEW BY THE MAYOR. WORKS AND FINANCE "ri v % 1 ■ •, ■ ' ,1•' 1 '.. ' •i- - £ ; f Th« • annual report by the Mayor of. Mount Albert states - that the = year ; has been one -of the most'; progressiva in : the . - history »of the 1 borough.. In 191.1 } the capital .value", was £998,665, * with f a population of 6754" in 1923 the ~ v population had increased .to 13,095, and . s the v capital . .value to •. £2,786,420; while ■ in 1924 the estimated : capital ; value 'was ,y £3,000,000 and the * population 14,565, an estimated increase of 1470.; The number of dwellings in 1011 was 1601, and in 1924 the total was 2239. v. The ;? year : just - fended must constitute a : record lor the borough, the actual- ; revenue amounting to £39,199. The A amount collectedf for rates," excluding . water charges, was £27,531. The total • expenditure • out of revenue was £40,110. : ;Expenditure on ]■ public - works alone totalled . £12,661.5 The amount borrowed V V during the year on account of loans ' authorised v was £63,900, and'.; of • that. r amount £27,901 stood ato ' the . council's' V:; credit to cover the cost -of ' the Kings-: .land . overbridge and the; road, - drainage, ! and water f* reticulation work? =; now - on v hand. The • sum", expended during r'-tho year was •; £35,999, the *: principal 1 ; * items; I being sewer •" drainage . £17,502, " and cx- .. 1 tension ;of the water-main reticulation / £10,345. I . ■ ' 1 1 . . " —-