The estimated total of Income for the year from all sources exceeds the budget appropriation by $1,934,307.26.
General municipal rate and special rate are estimated to show increases of $590,619.91 and $110,767.48, respectively. This result is due to several causes amongst which may be cited the following:—Rehabilitation in the Eastern District; Industrial development in the Western areas; and Construction of new residential buildings.
Satisfactory revenue increases are also estimated to be' shown in respect to wharfage dues $153,996.46; licence fees $349,814.28, and revenue from Public and Municipal undertakings $649,570,16.
Text read from the printed page and cleaned; old type leaves the occasional error.