Page:Municipal Handbook of Auckland 1922.djvu/242

 It will be noticed that in the Receipts there are a number of items such as loan receipts, contributions and reimbursements of expenditures, which, if excluded, reduce the amount of actual revenue receipts to £5,237 3s 4d, mainly accounted for by City rates, £4,803 14s 10d.

Similarly on the Payments side most of the items are for new works, which, in later years, would be shewn in separate accounts under Loan headings.

The next available statement of Accounts is that of the City Council from 21st November, 1871, to 15th November, 1872, in which the distinction before referred to is made.