1900 13,153,000 13,178,000.—25,000 ili; §7400,000 4,876,000 524.000 T submit there is a wide gulf be tween a yearly balance of $524,000 to the good, and $25,000 to the bad.
Smver Loans OvTsTaNDinc, 1913 37,000,000.
1920 22,000,000.
An increase of debt, for the Pyour correspondents "Old Hand" eried, of $15,000,000. and Mr. Akehurst conside my criticism uncalled for and are quite indignant because I did not refer to municipal assets.
Municipal assets, of course, have nothing to do with the public as taxpayers.
These assets are the immediate concern of debenture holders, who can take care of themselves. What comfort is it to the public to be told of huge municipal assets, or even to be taken on personally conducted tours round the ''Administration Building' or similar Municipal works of art if, at the same time, they are paying through the nose for all this costly extrayagance? Those quaint economists, "Qld Hand? and Mr. Akehurst, may enjoy big assets and big taxes. put I am a simple man who would be well content with less assets
Text read from the printed page and cleaned; old type leaves the occasional error.