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Historic Poverty Bay and the East Coast, N.I., N.Z.

Notes

page 388

Notes.

The area of Gisborne in 1949 was 3,324 acres. In 1876 Waikanae had been added. Kaiti (valued at a shade over £11 per acre in 1885) and Whataupoko joined in 1904. They were followed in 1924 by the more populous portions of Mangapapa and Outer Kaiti. Mangapapa had become a town district on 8 May, 1914, when its population was 1,200, and its capital value £192,763. W. J. McCliskie was chairman, and H. E. Hill the clerk. The merger poll was carried with only 12 votes to spare.

The capital value of all rateable property within the borough in 1877 was £150,802. By 1908 the figure had risen to £1,001,176, in 1917 to £2,314,5001 and in 1927 to £5,657,019. On account of the world-wide depression, values had then to be reduced, and, in 1946, the valuations were: Unimproved, £1,136,997; improvements, £3,259,050; capital value, £4,396,047. The net capital value in 1949 was £6,899,437.

Borough rates for 1877–8 (six months only) came to £669. In 1922 the figures were: General rates, £20,990; special, £24,871; total, £45,861. The aggregate for 1948–9 was £83,557 (including general £34,029; special rates, £34,925; hospital rate, £9,239; Catchment Board rate, £2,368).

The borough debt at 31 March, 1915, stood at £354,349. On 31 March, 1949, the net aggregate was £484,500. Most of the borrowing took place between 1905 and 1926—£255,000 between 1905 and 1914, and £325,000 between 1914 and 1926.