521
as acti
actually
to be paid required for current expenditure. The first instalment of 25 per cent is nominally $536,000, but
there are
two
by
three
lotholders who have not
consented to the scheme,
and several other Marine Lots
are in the hands of
the Court, so that contributions
on account
of
immediately The amount of
these are not
obtainable.
the 25 per
cent
cent advance still outstanding
and not collected, from
these causes, is $135,000. The
sum now
actually Bank is therefore.
4.
$536,000
less
$135,000-
$401,000
in the
Two sections of the
work have been commenced,
and are
pushed
being vigorously
on.
Their share of
the above sum amounts to
$140,000, which is being
rapidly