The Archive · 1908

The Municipal Gazette

Messrs. E. U. Pearce (Chairman) — J. Grant Mackenzie — H. W. Pilcher The Electrical Engineer and

The Secretary.

The following are ordered for publication:—

Acconnts.—Revenne Account and Balance Sheet for 1907 are submitted and approved, The net profit for the gear amounts to Tls. 38,620, a result which, in the Committ. opinion, is regarded as highly satisfactory. presenting the same for publication it is decided to show the Land at its new "assessed value, and the Committee's fees as a separate item of Management Expenses.

The estimates for 1908 are also submitted and approved, containing programme of capital expenditure amounting to Tls. 404,300. After allowing for liquid assets, a loan of Tls. 250,000 will be involved, and the Committee recommends that this sum be proposed for the Ratepasers sanction.

Noting that this Budget is presented in n form suitable for comparison with the subsequent Revenue Account, and thereby does not show employes' salaries and certain other details, it is decided the form of

Text read from the printed page and cleaned; old type leaves the occasional error.

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