DROP IN REVENUE

Poverty Bay Herald, Volume LXII, Issue 18770, 29 July 1935, Page 6

DROP IN REVENUE

HARBOR BOARD FIGURES EXPENDITURE HIGHER A decrease of £14,494 in receipts and an increase of £134 in expenditure for the nine months to June 30, 1935, compared with the corresponding period' the previous year, was reported to the Gisborne Harbor Board to-day by the secretary-manager, Mr. H. A. Barton. In his report Mr. Barton stated “Cash statements and trade returns. — The cash statements- and trade returns show that during June 2659 tons of cargo passed inward over the wharves, us compared with 3490 tons during the same month last year, and 2995 tons went outward, compared with 2942 tons during June last year. “The return covering nine months to the end of Juno show's 34,326 tons inward, against 33,938 tons for the same nine months last year, and 30,313 tons outward, against 33,590 tons last year. This shows an increase of 388 tons of imports and a decrease of 3267 tons of exports.

“The cash statement figures for nine months ending June 30, 1935, compared with the previous year’s figures under main headings, show' as follows: “Receipts.—Ship charges, nipe months to June 30, 1935 £5750, nine months to June 30, 1934 £6147; wharfage, £12,139, £13,401; harbor improvement rate, £4547, £4454; rents, £5007, £4225; rates, £34,872, £36,642; Unemployment Board wages, £229, £354; launch hire, £3OB, £294; sale of plant and material, £463, £2223; miscellaneous, £1204, £1273; totals, £54,519, £69,013. This show's a decrease of £14,494 in receipts. “Expenditure.—lnterest sinking fund and bank charges, nine months to June 30. 1935, £55,722, nine months to June 30, 1934,^£59, 302; redemption of 1924-54 loan. £3394, ; general expenditure, £9635, £9315; totals, £68.751, £68,617. This shows an increase of £134 in expenditure.”

DROP EXPLAINED Commenting on the drop in revenue, the chairman, Mr ,7. Tombleson, pointed out that the board had itself surrendered 10 per cent, of wharfages, to encourage trade through the port. The number of boats handled had been snialler than had .been anticipated, but the fall in revenue was approximately the amount budgeted for by the secretary-manager. In reply to Mr C. 11. Williams, the secretary-manager stated that the arrears of rates had now been, practically wiped out, and that the past year’s collections included only a small amount duo from past years. This years’ payments of current- rates had been very good, 65 per cent of the rates levied having been paid by (he end of June. The report’was adopted.