POVERTY BAY.
AN INCORRECT NAME.
(Per Press Association.)
GISBORNE, March 21. The progress of this district is being shown 1 in a pleasing manner by the improving finances of local governing bodies, The Borough Council has cleared off its overdraft, and on general a6coun't boasts' of a surplus, Copk County Council for the first time in its history can make a similar boast. At/ last meeting there was an overdrawn 1 account to the extent of about £6000; now there is a credit of about £300. The Harbour Board has on general account a credit of £6600, and the rapid increase in now gives, -almost the legal limit of revenue whiefy. can h,e raised in the way of rates to pay the interest on-^he £200,000 loan, with the 1 per cent.j- sinking fund., The annual interest to be provided on this loan totals SIStfOO.
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https://paperspast.natlib.govt.nz/newspapers/TH19070322.2.53
Bibliographic details
Taranaki Herald, Volume LIV, Issue 13430, 22 March 1907, Page 5
Word Count
144POVERTY BAY. Taranaki Herald, Volume LIV, Issue 13430, 22 March 1907, Page 5
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