Excess of Revenue Over Expenses.

The revenue of the Board has is creased with the trade, and now amounts to about £30,000 a year, while the expenses are about £19,300. From excess of revenue over expenses the Board has placed £35,890 to assist the loan in carrying out the works The cost of administration of the works has varied at different times; taking an average over the whole period of construction to date the cost has been 2.65 per cent of the cost of the works, which is very moderate.