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BARRY EDUCATIONAL SOCIETY.

MRS. G RUNDY'S JOTTINGS.

CORRESPONDENCE.

THE COST OF COLLECTION OF…

THE FINANCES OF BARRY.

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THE FINANCES OF BARRY. To the Editor of the BARRY DOCK NEWS." DEAR SIR,-Referring to the so-called Rate Collecting myth, and the remark of Councillor Manaton that no ratepayer has commented there- on, the figures and comparison given by Mr Speke, the secretary of the Ratepayers' Association, are so damning that comment is needless. Our only regret is that the Committee would not meet us it would indeed have been an eye-opener for them (the Committee). In the first place, I wish to state that no information can be gained from the minutes. Having been asked by the Ratepayers' Associa- tion to investigate and report on the Gas and Water Accounts, I beg to submit for the benefit of the Ratepayers how we stand. I use the figures published by the Council for the year ended March 31st, 1905, as a basis for the year's working, making a proper reserve for depreciation and renewals. The Council themselves estimate a loss of £ 1,057 on the year, without providing anything for renewals, The figure given, £ 1,114, is about correct:— Capital expended, £300,000; receipts, £33,954 expenses, £20,068; balance of receipts over expenses, £ 13,886; sinking fund and interest on capital cost at 5 per cent., £ 15,000; net balance from which has to be deducted depreciation, profit nil, loss £],114; estimate for depreciation and renewals at 2 per cent., £6,000; profit or loss after reserving for depreciation and renewals, profit nil, loss £ 7,114. It will be seen from the above the proper loss on the year is A7,114, and taking this for the 15 years we have had these Works there is a total loss of £106,710, and I am not overlooking the high rates charged for Gas and Water. Mr Brown, the Accountant, reported there was a balance in hand of £ 10,000, but he did not report that this is made up principally of contributions to the sinking fund, and should have been invested -the auditor has pointed this out from time to time-and the Council cannot use this for other purposes. What I cannot understand is that, whilst all this waste of ratepayers' money is going on there is an extraordinary apathy concerning municipal affairs generally. The large shopkeepers and others, groaning under the enormous increase in the rates and continued increase in assessments, to me, appear not, to raise their voices and call a halt to futher expenditure. I hope, Sir, that this letter will be the means of convincing some of the apathetic ratepayers to look after their interests, and make effective that con- trol over expenditure which the law has placed in their hands.-Thanking you in anticipation, yours truly, G. H. W. ROBERTS. Penybryn, Tyne wydd-road, Barry Docks, March 13th, 1906.

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