MELBOURNE RATES

Poverty Bay Herald, Volume LXII, Issue 18756, 12 July 1935, Page 11

MELBOURNE RATES

ANOTHER RAID FURTHER DEFICIT MELBOURNE, duly X 'Complete figures of the Metropolitan Board’s operations during the last financial year will not. be available for the board’s finance committee when it meets to-day, tint it is expected that an indication will 'lie given that the estimate made last year for a deficit of £178,000 in ItK’-t-ftn was approximately correct. The finance committee, .in estimating that this would Ibe the. deficit despite the increase in t lu* rate by lil in the pound last July, took into consideration the loss on the metropolitan .farm’s operations owing 10 the cessation of the marketing of cut'lle. It- nlso based water consumption estimates on a figure close to the actual consumption of 20,011,000,000 gallons, although the consumption in loati-:*. I was 1,1fi1,000.000 gallons .more. Municipal valuations, which are now being checked by the board, aiul on which the hoard’s rates are based, will show an increase this year, with only few exceptions, and 'it is 'probable that the committc will decide 1o recommend a further increase of Id to bring in almost £70,00(1 of additional revenue. This would leave portion of the delieit to be carried forward, and would living' the general rate to its present legal limit of Is 2d' in -the pound..