Daily Colonist (1899-03-02) by Unknown

Author:Unknown
Language: eng
Format: epub
Tags: British Columbia; Newspapers
Published: 1899-03-25T16:00:00+00:00

MAHOGANY jt jt FINISHED FRAMES ^ Ji

UphoIsteredloRlcli Brocades m Silk Tape*-tries.;

ALL-OVER J* UPHOLSTERED ^ :

CHAIRS, LOUNGES, &c In Beautiful ud effective tlottiJ.

WINDOW and 'i' CORNER SEATsi

Made to.bnier. and lii>r bolstered to aav Style

TliBLeadiiio House Furnishers ol B. G. ■

51 to 55 Port Street. ,;i

VICTORTA DAILY COLONTST THnRSOAY MARCH 2 1899

Rerenae of the Corporation Not SniUcient to Pay the Estimated Expeuditare.

Consideratlou of the Estimates ut a Special Meetini^ of the Conu-eil Last Evening.

If the city council jKirsist in tlio csti-inntos of oxi)onditnri' wliich they iiiisscd last evening, it will be iioci.'.s.siu-.v to iidil another mill to the dollar on the niti> of taxation to make both ends meet, The estimated pxpenditiirc ha« not bcon in-creasoil, in fiU't it. is a hundrcii ili)ll:irs Ipss tliaii In.-il year: hul. iis tlic jiiaynr explained, it waH ik;! tn lif- cxiu'i'leil that the revenue would be as lar^'e as last year, when a lot of baek taxes wi-re paid. The total etitiniated expenditure is .ii-l.Sl,-.">(■>■_'.1)1, but out of this must lie takmi .^i)2,r)0(l, the amount of the waterworks loan by-law, 187.'!, which is to be paid olT in April, and for whieh the eity lias the money in acerned sinking' I'nnd. It is siiH|)ly [ilueed in botli the n viMuie an<l cx-p(Midil,nre eolnnins for ficiod iHinkkeepinj,'. The eity was pay in),' 7 per eent. en tins luan, whieh means a saviu>r of J^d.-nr) annually in interest and .'s.'!,."!)!.") in sinking f\ind. This year, however, six luonthK' interest has to be paid. The expenditure eoluniu is also relieved tliis y(!ar of the $1, lUU interest, and ,$376 sinl;-ing fund on the .'i;iiO,OUt) publie liRhtiuf? by-law of 1878, paid oft lust year.

Tlio CBtimated revenue, includinj- that derived from the rate of IVa I»'r eent. iin real estate and iiuprovements, 2 mills for sehool purpose.s, 1 mill for board of health purposes, and the trades and other licenses, is .'?-170,C!);?.5o. from whieh also the $92,500 should be deducted. The actual estimated revenue is .'i;:i78,-193.53, and the estimated expenditure $3ti!),802.01. The mayor explained thai the asBOssed value of property in Victoria was .'>1-1,()UO,UO(), SI) that with an addition of one mill to the taxation aljout .y.l.illH) could be raised, allowance havinj; ill be made for tlic (ine-sixtli rebate and taxes ibal are not paid.

At tb(> meetinf; last evcnin;; Aid. llny-w.ird objected to this increased taxatiuu on land, but no action was till;cu.

The council went through the estimates of expenditure, which lire very similar to those of last year. A tew salaries were slightly raised, but otherwise no radical changes were made.

In the first place they voted .s i, il.) less for interest, the amount beiuK reduced from $99,387.90 to .<;»4,(>72.!m: and $(i,710 less for siidting fund, the amount last year being !i;37,03S.S(>, and this year .'<;{l,22S.S(i.

When the vote of .S3,3:'.0 for I lie aldermen canii^ up, Aid, Hay ward •miivcil that it be struck out. he beiii^' of opiaiiin that while the mayor shoiilil be paid thi' ahlcr-men should not.

.Vhi. Heckwith did not think the liiiu' had yet arrived for the stei) iiropc^sed by Ald.

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