MT. ALBERT BOROUGH
NO CHANGE IN RATES Although increases aggregating over | £II.OOO are involved in the levies for tlio Hi,.-]lit a!. Drainage and Fire Hoards, while it is also anticipated thai there will lie a decreased return of tJ'2OOO from arrears of rates to he collected thO year, tlie .Mount Albert liorough C'oun oil last nkrht made no alteration to the [consolidated rate of :! 1-od in the pound j levied on the capital value of all rateable property. A discount of per cent |is to be allowed for payment made | I within •'!() days of demand. In recommending no change in the consolidated rate. Mr. F. B. Watts, , chairman of the legal and finance comI niittoe, stated in his report that the two litems mentioned, approximating JL'IFiOO, j were balanced almost identically by the amount which would become available from the increase in the capital value of the borough. This (ignrc was about {.".M0,000 and, on the estimated yield of ' !)(') per cent of current rates, would roturn CMSOO. If the anticipated eollecjtion was obtained, said Mr. Watts, the ! budget: would be balanced and a reasoni able credit would be disclosed in the general account at the end of the financial year.
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New Zealand Herald, Volume LXXVIII, Issue 24000, 25 June 1941, Page 3
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200MT. ALBERT BOROUGH New Zealand Herald, Volume LXXVIII, Issue 24000, 25 June 1941, Page 3
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