LOAN EXPENDITURE.

Poverty Bay Herald, Volume XXXIX, Issue 12657, 10 January 1912, Page 9

LOAN EXPENDITURE.

HOW THE ACCOUNTS STAND. . The following interesting statement, shoAving the position of the various accounts m connection with the £175,000 loan, and being a balance-sheet for nine months ending December 31, 1911, was presented by the Town Clerk to the Borough Council last evening : — ; Sewerage account (£0,000): Baluuce Aoril Ist (1911) £42,232 10s 2d, baluhce of lbrth money received £1530— £43,769 10s 2d'; expenditure, labor £14,331 ss, material £10,856 7s Bd, misceHaneous £51 Bs 6t1— £25,&!i9 2s 2d, balance SiSA 23 . 8^ ftmoliht of extra loan authorised £6050, but hot yet raised £15,750— £21,800. House 'connections (£10,000): Balance April Ist (1911) £9634 9s 6d, payments house con neetions £37 0s 1d— £9671 9s 7d; expenditure, labor and material £164 12s 3d— £9506 7s 4d. ■ Electric light and power (£16,142) : Balance April Ist £15,256 16s 3d; expenditure, law costs £30 9s 6d, labor £898 7s 9d, material £9586 15s 1d— £10,515 12s 4d, balance £4741 3s lid; amount of extra loan authorised but not yet raised, £1600. : Waimata river bridge (£4950) : Balance April Ist £4769 ls 2d, law costs £70 7s 4d— £4698 13s lOd; amount of extra loan authorised but riot yet raised £3500. kJE'SSW 5 (£25.000): Balance April Ist £17,297 19.V 4d; expenditure, material £3583 5s Id, labor £457 l6s 9d-r-£4041 Is 10dS bub ance £13,256 17s 6d. > . Streets • formation ami : metalling (£35,000): Balance April Ist £17,441' ls 6d; expenditure, machinery and plant £244 19s 6d, kerbing £567 «* M* contingencies £325 4s 7d, quarrV : Vine £?2?°,„ ls 10c1, material and labor On streets £691 18s 9d— £6900 Is Id; balance £10,541 0s sd; amount of extra loan authorised but not Vet raised, £15,750. 'Recreation g.roimds (£6500): Balance April Ist, WU, £1928 5s 3d; expenditure, Chiiders roati reserve £531 4s 2d; balance £1397 ls Jd. .Waterworks reservoir and reticulation (£ll,---000): Balance -April Ist. £7180 19s 8d; ekpendi ture, reservoir £259 12s 9d, reticulation £681 13s 6d— £94l 6s 3d; balance £6239 13s sd; amount of extra loan authorised but not yet raised, £15,750. * nA*!i cr * eat . . ft tcobnt (£.5908): Balance April Ist £6064 &9 Id, interest to 16th October (1911), on London balance, £1425 19s 2d— £7490 5s 3d; expenditure, interest paid £4916 4s, £ per cent, commission Bank of Australasia £24 Us 3d, preliminary expenses, etc. £91 5s 4d— £5032 Os 7d; balance, £2458 4s Bd. New Hospital loan , (£5215) : Amount raised, first instalment, £900. Loans authorised^ but not yet raised: Storm. I water drainage, £5250; cemetery site, £2500.