HIGHEST IN HISTORY
AUCKLAND PORT REVENUE LAST YEAR’S SURPLUS (IVr Press Association.) AUCKLAND, this day. Reviewing the finances of the Auckland Harbour Board at the sixtyseventh annual meeting yesterday, the chairman, Mr. W. B. Darlow, said the total revenue for the year ended September 30, 1938, was £490,370, the highest in the history of the board and an increase of £29,847 over the previous year. The expenditure for the year amounted to £458,910, leaving a net surplus of £31,460. The surplus of assets over liabilities at the end of the year was £3,115,595. The board’s loan indebtedness at September 30 was £2,491,850, but against this there were sinking funds of £540,348, leaving a net indebtedness of £1,951,508.
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Bibliographic details
Poverty Bay Herald, Volume LXVI, Issue 19887, 15 March 1939, Page 16
Word Count
117HIGHEST IN HISTORY Poverty Bay Herald, Volume LXVI, Issue 19887, 15 March 1939, Page 16
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