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Portland Year Book 1905
CONTRASTS IN LOCAL EXPENDITURE 1871-1904


Contrasts in Local Expenditure 1871-1904
In 1871 the Island's population was 9,130
In 1901 it had risen to 15,199
At the middle of 1904 Dr. Howard (Medical officer) estimated it at 13,500
The rateable value in 1871 was 17,400
In 1904 it was 33,118
The area of the Island is 2,897 acres
In 1871 the total receipts of the Local Authority were 955 and the expenditure 866
The Urban District Council in 1904 had a revenue of 21,114 (other than from loans) and its expenditure was 25,746. The figures for 1904 include the Gas and Waterworks revenue and expenditure.
The general district rate in 1871 was 9d in the for the half year.
In 1901 it was 3s for the half year

A Year's Income

In 1904 the Urban District Council received:

 

General District rates

7,991

Private Improvement Work

738

Private Street Works

143

Dorset County Council for main road maintenance

3,367

Medical Officer and Sanitary Inspector's salaries

63

Ferry Bridge Stock

40

Education Committee work

146

Miscellaneous sources

110

Waterworks Revenue

1,355

Gas Works

7,159

* Total income from all these sources given as 21,114

21,112

[* Difference probably due to rounding]

A Year's Expenditure

 

Main road maintenance (paid by the County Council) 3,815
On the other highways of the. Island 760
Road scavenging and watering 83
Sewerage 1,030
House scavenging 675
Pleasure grounds 332
Private improvement works (repaid to the Council) 277
Waterworks 3,291
Gas works 6,634
Public lighting 512
Fire brigade 183
Infectious diseases prevention 91
Port sanitary authority 183
Salaries 1,083
Establishment charges 653
Elections 47
Legal and parliamentary expenses 144
Education 144
During the year the loans were reduced 1,807
Repayment of principal 3,952
The total expenditure, including loan charges, gas and water works 25,746 25,696

[There is a difference of 50 - probably a printing error ? ]

In a addition the:

  s
Sewerage 144  
Footpaths 28  
Waterworks 1 7
Gas works 2,451  
Pleasure Grounds 1,128  
Council spent out of loans 3,754  

[Difference probably due to rounding]

THE ISLAND'S DEBT

The Urban Sanitary Authority raised its first loan in March, 1891, when it borrowed 500 for 30 years for the provision of stores. This was followed in 1896 by 1,768 borrowed by the Urban District Council for 10 years for footpath improvements. The total loans originally raised, and the amount of debt outstanding (1904) are as follows :-

Date of Borrowing

  Original Loan Period of Loan Balance Outstanding
    Years
1891 Stores 500 (30) 337
1896 Footpaths 1,768 (10) 306
1897 Water Supply 500 (5)  
1898   3,800 (50)  
1898   10,500 (30)  
1898   10,000 (30)  
1899   2,029 (30)  
1899   2,570 (15)  
1899   7,152 (30) 33,753
1900 Drainage 10,000 (30) -
1901 Drainage 8,400 (30) 16,731
1901 Gas Works 35,000 (40) 33,497
1902 Gas Works 3,239 (40) 3,147
1901 Gas Works (Parliament Costs) 958 (3) 638
1901 Water Supply (reservoir) 4,800 (30) 4,486
1901 Water Supply (reservoir) 420 (46) 409
1902 Pleasure Gardens (Ferry Bride Fund) 1,500 (20) 2528
  Pleasure Gardens (Ferry Bride Fund) 956  
1903 Pleasure Gardens (Ferry Bride Fund) 300 (20)
  Totals 104.392   95,832

Thus the Island has borrowed 101,392 and repaid 8,560, leaving a net balance of debt 95,832. Summarised, the outstanding indebtedness of the Council at the end of 1904 was made up as follows :

   
Gas Works 37,282 (Revenue earning)
Water Supply 38,648 (Revenue earning)
  75.930  
Pleasure Gardens 2,528 (Unproductive)
Drainage 16,731  
Footpaths 306  
Stores 337  
  19,902  


Revenue earning 75,930
Unproductive 19,902
  95,832

In the year ending March 5, 1904, the debt services required 1,807 for repayment of principal, and 3,952 interest on the loans. This, of course, includes the Gas and Waterworks, which are revenue earning.

By the Portland Urban District Council (gas &c) Act of 1900, .36,551 of the Water Works Loans was extended to a uniform period of 50 years (originally the money was borrowed some for 50 years, the bulk for 30 years and some for 15 years.) In 1900 the balances were consolidated and amounted to 34,977, to bear interest at 3 cent and repayable in 99 Half-yearly instalments. The balance unpaid (1904) was 38,648.

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