CO129-572-14 Proposed reorganisation of water services 7-4-1938 - 3-4-1939 — Page 85

95

This will mean that instead of the

total fross Revenue of the Department

($ 2,720,759) being assessable for

Trepene Contribution,

loan

ibution, the Land

Charges may be deducted from this and

259

ansored for

a sum of only $ 1,709, will be liable

#military Contribution, i.e., the

Met evenue of the Department will be

$ 2,358,767, which might permit a

reduction of the charges to consumers

which are proposed and would, on the

basis of the 1937 Estimates, turn a loss

into a profit.

S on the other hand, of course,

the position would be different if further

Loans were to be made in view of the

position as set out in paragraph 2 ?

above

4.5

(gd).g.F. Gent