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 area, but no proposals have yet been made with respect to the other two areas.

In the census returns for 1911 and 1921 the population of each of the several districts is given as follows:—

The Board is empowered to borrow a total sum not exceeding £500,000 for expenditure on the works authorised. At March 31st, 1921, five separate loans had been effected amounting in all to £450,000. Two loans, amounting to £5,500, raised by the late Hobson Bay Watershed Sewage Board, are also liabilities of the Board, the public debt of which ts therefore £455,500.

Repayment of loans is provided for by a sinking fund administered by the Auckland and Suburban Drainage Loan Commissioners. The accumulated amount in the fund at March 31st, 1921, was £25,436 15s.

The ordinary income and revenue of the Board is derived by assessments levied annually upon the contributing authorities. The fund thus created provides for the payment of interest and sinking funds on loans