PORT OF PATEA

New Zealand Times, Volume XXXII, Issue 7078, 16 March 1910, Page 9

PORT OF PATEA

Tho c3iairm.an of tie Patea Harbour Board (Mr E. V. PenTce) in tho annual report congratulates "tho board on lis sound financial position, for although the rovenu© has decreased from £3761 in 190 S to £3120 in 1909—£341 decrease—tihe ordinary expenditure has decreased from £3480 in 1908 to £2504 in ,1909; leaving a. balance of £IO2O of ordinary revenue, which has boen expended on ■the extension of the eastern breakwater.

Tho revenue' for tiho . ye&r ,is as follows :— Wharfage £1875, - dumping £350, tonnage £561, port duos £B2, rents £346, sundries £6; total revenue, £3420., The expenditure is:—Wharfage £222, pilot £234, dumping £240, office £2lO, depreciation £l7l, maintenance £22, interest on loaiis £1149, interest on bank £9B, sundries £2O; total, £2504.

Tho exports have increased by 50 casks pelts, 13,975 cases of cheese, 33 pigs, and 2000 quarters of frozen mutton, and decreased by 283 bales of -wool, 14,439 boxes of butter, 1700 hides, 3511 - cases of meat, 381 cattle, 1046 shoep, and 500 bags of bonedust. Imports show a decrease of 863 tons. Tho official figures show the value of exports last year as £500,588. During the year tho eastern wall had been completedj at a cost of £4077. The extension was found to have improved tie bar so much that it was thought desirable to extend the wall another 60 or 70 feet, and a further sum of £3130 was obtained from tho Postal Department, bringing the total loan to £30,000. less sinking fund of £I7OO.

Tho total amount expended on the breakwaters at tho mouth of tho river is £39,513, as acafnst a total net loan, owing, of £28,300, a eum of £11,213 having been expended l out of the ordinary revenue.