FINANCE COMMITTEE.
25th January, 1943. 131*
m^ce
Present : Councillor Lambert (in the Chair), Councillors Beaumont,
Brady, J.P., Cane, Cullington, Edridge, Ousey, Turner and Wheatley. committee.
PART I.—RECOMMENDATIONS.
RECOMMENDATION I.—War Damage Contributions : Housing
Schemes.
Your Committee have had under consideration the question of the
payment of war damage contributions in respect of the Council's
housing schemes. In the past it has not been competent for the Council
to charge to the housing revenue account the sums payable as war damage
contributions in respect of Council houses but, as a result of representa­
tions made by local authorities, the Minister of Health has now agreed
to sanction loans for the payment of such contributions and to direct
that the loan charges should be debited to that account.
In order, therefore, to avoid a charge on the General Rate Fund,
your Committee recommend that application be made to the Minister
of Health for his sanction to the borrowing of a sufficient sum to cover
the payment of war damage contributions on houses erected under the
Housing Acts.
Resolved to RECOMMEND :
That a resolution in the following terms be passed by the Council:
That the Council make application to the Minister of Health for
sanction to borrow the sum of £20,804 for the purpose of
meeting war damage contributions on houses erected
under the Housing Acts, 1919-1938, and for the period of
repayment on the loan to be fixed at not more than 15
years, with a direction that the loan charges payable in
respect of such borrowings shall, under the provision of
section 129 (5) of the Housing Acts, 1936, be debited to the
housing revenue account.
PART II.—MINUTES.
The following resolutions were passed :—
63.
Minutes : That the minutes of the last meeting, having been
circulated, be confirmed and signed.
64.
Report of Treasurer : That the report of the Treasurer, dated
21st January, 1943, be received.
65.
War Damage Contributions : Sewerage Works : That the
Treasurer be instructed to include in the estimates of expenditure
for the year 1943-41 the sum of £3,000 as a provision for the charge
likely to be made on the Council for war damage contributions in
respect of sewerage works.
66.
Outstanding Accounts : That the following sums, as shown on
the lists now submitted and signed by the Chairman, be written off
as irrecoverable :—
,
594
13</i February.
1943.
Sundry Debtors
Private Street Works ...
Finance
Committee,
67.
i s. d.
19 14 6
5 11
Statement of Rate Collection and Bank Balances : That the
following statement be received :—
Rates collected during
Percentage comparison of
period ended
amounts collected up to
23rd January, 1943.
23rd January,
£527,474
1943
78.4%
1942
72.1%
Bank Balances at 23rd January, 1943.
Overdrawn.
In hand.
£
*• d.
£
*- d.
General ...
...
...
...
357,525 19 3
Advance...
...
...
...
—
84,182 2 1
Superannuation...
...
...
2,749 17 3
Harvist & Lyon's
...
...
1,25412 2
Fire Brigade Pensions ...
...
67716 0
General Loans ...
...
...
—
99,056 7 4
362,208 4 8
183,238 9 5
183,238 9 5
Net Cr. £178,969 15 3
68. Accounts for Payment : That cheques be drawn in payment of
accounts examined by the Committee, amounting to £347,162 Is. 6d.
in respect of the following accounts, and that the signed schedule of
accounts be on deposit at the Council meeting for inspection by any
member:—
£
s. d.
Advance Account ...
...
...
... 128,523 9 0
General Account ...
...
...
... 207,915 5 0
Superannuation Fund Account ... ...
782 16 11
Harvist & Lyon's Estates...
...
...
509 8 9
General Loans Account ...
...
...
9,431 1 10
£347,162 1
6