HARBOUR RETURNS

Sun (Auckland), Volume III, Issue 640, 17 April 1929, Page 11

HARBOUR RETURNS

£3,827 SURPLUS REVENUE FINANCES HEALTHY The assets of the Auckland Harbour Board amount to £5,264,780, and its liabilities £2,924,169, leaving a surplus of £2,340,611. This information was conveyed to members of the Auckland Harbour Board yesterday by the chairman Mr. H. R. Mackenzie, at the hoard’s 57th annual meeting. In his annual report Mr. Mackenzie said: The gross revenue, Waitemata Harbour, amounted to £380,454, and the expenditure to £333,627, leaving a gross surplus of £46,827. Appropriations to. sinking funds and reserves totalled £40,288, making the net surplus £6,540. This was still further reduced, however, by the loss on the working of Manukau Harbour, to £3,827. This surplus is not as great as in previous years, but in View of the fact that the country had not recovered from the slump of 1927, it may be considered quite satisfactory. There are evidences on every hand that the Dominion is now in a much more prosperous state, and this year’s returns should show a decided improvement on those of the year under review.