HOSPITAL DEFICITS.
PROVISIONS IN FINANCE ACT. TEMPORARY BORROWING POWERS. HAMILTON, March 13. The Minister of Health (the Hon. J. A. Young), referring to the clause in the Finance Act (No. 4) extending the authority to hospital boards to borrow by overdraft during the current financial year, said to-day:—“Examination of financial statements received from hospital boards for the nine months ended December 31 indicates that although the majority of boards are likely to keep within their estimates for the year, a number of the larger boards are faced with deficits. To deal with the position it is necessary to extend temporarily the statutory borrowing powers of the boards. It is not yet possible to reliably forecast the position at March 31, but it is estimated that the net aggregate deficit of the boards as a whole will be approximately £50,000. Items showing the greatest variation from the estimates made at the beginning of the year are patients’ fees receipts, outdoor relief, and hospital maintenance payments.” —(PA.)
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Wairarapa Age, 14 March 1933, Page 6
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165HOSPITAL DEFICITS. Wairarapa Age, 14 March 1933, Page 6
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