HAPPY FINANCE

Sun (Auckland), Volume 1, Issue 14, 7 April 1927, Page 11

HAPPY FINANCE

“SUBSTANTIAL SURPLUS” ONI! TREE HILL BOARD "The year has closed with a fairly substantial surplus. This happy result has been due principally to expansion of revenue. Considerably more was spent on public works than was allowed for in the estimates,” said the clerk of the One Tree Hill Road Board in his annual statement received at the meeting last night. •All the accounts are.in credit with the exception of street lighting and interest account Mo. 6. the debit in the former being due to the additional street lamps erected during the year. The general account is in credit £2,150 Its 10d, of which about £1,200 will be absorbed by the alterations to the offices The waterworks credit amounts to £2,423 6s Id, which however will be reduced to £1,503, wnen allowance is made for the new filter, £6OO, and three months’ pumping, £320.” The trading account revealed only a trifling profit of £412, equal to the rate charged to non-consumers in the water department. On a consumption of approximately 85,000,000 gallons for the year, the cost to the board worked out at if fraction of a penny over Is for 1,000 gallons, and the return, excluding non-consumers, was also a fraction over Is. Of £22,981 rates levied. £21,026 has been paid to March 31, equal to 91. E per cent of the total. The drainage loans were in these positions: No. 7 loan debit £927. No. S loan credit. £325. It would be necessary therefore to raise a portion of the 10 per cent, of the eastern area loan to meet the deficit in that account. The waterworks loan was in credit £2,327. ENGINEER'S REPORT The engineer, Mr. John Dawson, reported that the contractors for the laving of the Great South Road had made a start on the excavation and the work was progressing well. Construction of St. Ann’s new overhead bridge would necessitate making a •light alteration in the position of the concrete roadway at that end of the contract, hut it would not affect the contract in any way. There would be no sharp bend on the approach to the bridge as was feared, but the approach would he practically ,p a straight line with the roadway. Air. R. G. Clark, was in the chair.