HARBOUR BOARD

Timaru Herald, Volume CXLII, Issue 20587, 28 November 1936, Page 4

HARBOUR BOARD

MONTHLY MEETING GENERAL BUSINESS The monthly meeting of the Timaru Harbour Board was held yesterday. I Present: Messrs T. B. Garrick (chair- i man), A. B. Guild, W. T. Bitchie, K. | Mackenzie, R. S. Goodman, D. C. Turn- , bull, D. C. Kidd, A. G. Foster, W. H. ! Orbell, W. Lindsay, M. H. Whatman, A. I F. Campbell, J. Scott and F. R. Flat- , man. Chairman’s Statement Referring to the financial position j of the Board, the chairman said that receipts since last meeting totalled £2lll/5/8, and the credit at the last meeting was £286/16/4. Accounts to be passed for payment amounted to £2366/17/4, leaving a credit of £3l/4/8. The credit balance at the bank at November 24 was £2230/16/- as com-I pared with a debit of £1317/6/3 at the corresponding period last year. The chairman added that there had been no overseas ships in port during the month, but with the coming of the wool season, there would be more vessels, and the revenue would go up. I The dredge had practically completed I overhaul, and would leave Port Chalmers to-day. The work would cost about £lOOO less than last year, which was most satisfactory. An inspection had been made of No. 1 wharf, and it was in a worse state of repair than had been thought. About £3OOO had been spent on strengthening the outer end, but in other places, it was possible to put a hand up in the bolt holes. It appeared that £3OO worth of piles would have to be ordered. Insurance A return was submitted showing that the profit made by the Board through carrying its own insurance during the last 14 years amounted to £2,788/18/3. Mr Lindsay said that the Board was very fortunate. The experience of another local bedy he was concerned with was not quite so happy. Mr Guild said that the riskiest risk was the quarry work, and this the Board had not carried. Mr Flatman: And we will not carry it. In reply to Mr Lindsay, the secretary said that the Board set aside the same amount as they would pay to a company, and this money wag Invested. Mr Kidd: In the event of a fatal accident, would the widow receive as much benefit as she would from a private company?

The chairman: Yes, exactly the same. Mr Lindsay: How is the money invested?

The secretary: Some of it has been on fixed deposit and some in debentures and mortgages. Most of it was now in Government stock.

Mr Lindsay: My experience has been that when a system like this is followed, the body concerned has used the money.

Mr Kidd moved that the Board continue its own insurance. Mr Guild said that there was no need for such a motion, for the system would continue unless a motion to the contrary was carried. There was no fu-ther discussion. Health Stamp Campaign On the recommendation of the Standing Committee it was decided to help the health stamp campaign to the extent of £2/2/-. Friendly Societies’ Picnic It was decided to grant employees a holiday on January 30 next on the occasion of the United Friendly Societies’ annual picnic. Bunting for Coronation On the recommendation of the Standing Committee, it was decided that the harbourmaster should obtain the required bunting for decorating for Coronation purposes.