H.—l5A.

We complete the foregoing history by showing the respective amounts expended during different periods on Inner and Outer Harbour : — First period : 1876 to adoption of Goodall's plan for breakwater in 1884. Total Inner. Outer, to end of period .. .. .. .. .. .. £70,000 Nil. Source of the money expended : Loan of £75,000 authorized in 1875. Second period : 1884 to the propounding of Mr. George Nelson's scheme in 1909. Total to end of period (breakwater constructed to stage at which it stands in 1927) .. .. .. .. .. .. £77,730 £443,840 Sources of the money expended —■ On breakwater—loan of £225,000 authorized in 1884 and £200,000 authorized in 1892. On Inner Harbour—£2,73o, probably balance of 1875 loan and general surplus funds. Third period : 1909 to the passing of the 1914 Inner Harbour Empowering and Loan Bill, 1914. Total to end of period .. .. .. .. £89,356 £446,000 Sources of the money expended— (approx.) On breakwater—Very little expenditure; probably out of general funds. On Inner Harbour—£l2,6oo expended. Probably out of any surplus cash available ; in 1923 a special loan of £13,000 was found necessary and was authorized " for repayment of antecedent liability as at 31st December, 1922." Fourth period : 1914 to the sanctioning by ratepayers of the £300,000 loan in 1920. Total to end of period .. .. .. .. .. £140,343 £447,000 Sources of the money expended— (approx.) On breakwater—As in third period. On Inner Harbour —£50,000 expended. Loan-money authorized to be raised without a poll, by the Napier Harbour Board Empowering and Vesting Act of 1917. Fifth period: 1920 to 1926. Total to end of period* .. .. .. £270,468 £448,707 Sources of the money expended—• On breakwater —As in third and fourth periods. On Inner Harbour—£l3l,ooo. Of this £125,000 was out of loan-money authorized by the 1914 Empowering and Loan Act, sanctioned by the poll of 1920, the balance out of general cash. The disposal of the foregoing sum of £125,000, together witli £50,000 spent on repairs and renewals, making £175,000 in all, is shown in detail in the following table. The Empowering and Loan Act of 1914 (No. 14) authorized for Inner Harbour construction a loan of £300.000 for " construction, completion, development, and improvement of the inner harbour portion of the Napier Harbour " (sections 7 and 8). Section 8 : " Provided that out of this £300,000 the Board shall be entitled to expend £50,000 in and about repairing and renewing the West Quay and the Iron Pot Quay, rebuilding, reconstructing or strengthening such quays or the structures appertaining thereto respectively — including a new reclamation dredger." This sum of £50,000 is represented by the items marked f below. £ Of this sum of .. .. .. .. .. .. .. .. 300,000 there remains unborrowed the sum of .. .. .. .. .. 52,900 Borrowed .. .. .. .. .. .. .. .. 247,100 Out of this is expended— £ 1. Inner Harbour and East Coast Railway embankment .. .. .. 84,349 2. Rebuilding quays .. .. .. .. .. .. .. f39,394 3. Deepening portion of channel between moles .. .. .. .. 4,020 4. West Quay extension .. .. .. .. .. .. 1,937 5. Cargo-shed F .. .. .. .. .. .. .. |5,454 6. Cargo-shed B .. .. .. .. .. .. .. f4,960 7. Plant, steel-bars, cement, &c. .. .. .. .. .. 14,315 8. Store shed .. .. .. ~ .. .. .. 669 (These figures are up to 30th September, 1926.) 9. Labourer's shed additions (share) .. .. .. .. .. f193 10. Ferro-concrete piles and materials .. .. .. .. .. 15,047 11. Borings (share) .. .. .. .. .. .. .. 944 12. Port Ahuriri - West Shore ferry-landings .. .. .. .. 72 13. Engineering Expenses and cost of living bonus .. .. .. 3,656 14. Sundries .. .. .. .. .. .. .. .. 125 175,135 Balance, unexpended (on fixed deposit) .. .. .. .. .. £71,965

* This includes the sum £84,000, the cost to the Board of the embankment.

12