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CITY OF PORT ADELAIDE.
11
GENERAL ACCOUNT.
The position created by the resumption of water
frontage properties continues to seriously affect the
Council, the loss occasioned thereby this year is ^9,543;
the total amount lost to the Council in this respect to
the end of this year amounts to £26,240. The year
started with a credit of il1,602 11/. the receipts totalled
£45639 8/5 (including the transfers from Fixed Deposit
Account of £2,193 7/3 for repayment of Quarry Loan,and
£420 for the erection of a Mortuary Shelter at Cemetery).
The expenditure totalled £60,675 0/5, but included in
this amount is £13,069 12/7 being the amount drawn to
close Quarry Account, and the repayment to Cemetery
Fund Fixed Deposit Account of £550 withdrawn last
year for improvements at Oval, which scheme did not
eventuate. The actual expenditure on General Account,
therefore, was £47,055 7/5, and the debit balance on this
account on 11th November, 1920 showed £3,424 1/.
FERRIES WORKING ACCOUNT.
Debit balance at commencement of the year was
£671 19/4. The expenditure was £186, being annual re-
nayment and interest in respect of the Ferry Loan voted
in 1910 for £3,000. The receipts are accounted for by
the Insurance on berry Boat Success, £725, one
smarter oroceeds sale of engine and ballast, £43 5/4; net
proceeds of sale of hull of "Success." £45 13/8; and the
lessees' annual rental of £280. The account closes this
year with a credit of £r3ry ll)/8. The lease has now been
operating for nearly three years, and has been entered
into for a term of five, leaving two years to run.
ferries loan ACCOUNT.
This account has not been operated upon during the
year, and the debit balance stands at £1,314 19/,