The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-06-03 00:00:00

THE ANNUAL ACCOUNTS

Mr. Wm. JACKSON stated that the accounts of the commis-
sioners for the year ending on the 24th May were on the
table, and he should be glad to give any explanation respect-
ing them.
Mr. LAYCOCK inquired whether the accounts had been
audited ?

Mr. JACKSON replied in the negative. They were now
laid before the commissioners, and an audit committee would
have to be appointed by the meeting.
After a brief conversation on this subject,
Mr. JACKSON said be would now give a summary of the
accounts. In the first place, the township was indebted to
sundry individuals, for materials for the public highways,
new streets, work done to the markets, interest, general ac-
count, and sundry items, the sum of £1917 2s. 9d., exclusive
of the bond debt. There was due to the township, from par-
ties, who, when the new streets were completed, would pay
it, £2425 lls. Bd. ; arrears of, market rents, £B4 15s. 9d. ;
and arrears of rates, £825 7s. Id. ; making a total of
£3335 14s. 6d. So that if the debit was deducted, a balance
would be shown in favour of the township of £l4OB 11s. 9d.
This was a general outline of the state of the accounts. Of
course the accuracy of them would be tested by reference to
the vouchers, and perhaps it would be as well to appoint an
audit committee at once, previous to the statement before
the meeting being printed.
Mr. GREEN said that last year two auditors were appointed
who were not members of the board.
The CnartmArr recommended that this course should be
taken again..

Mr. MALLABY, the Law-clerk, said no person who bad
not been a member of the board had any power to audit the

accounts

Mr. JACKSON, in continuation of his statement said, that
against the bond debt of £8,150 the township had ample pro-
perty. There was the market, which was valued at £lO,OOO,
and the balance of £1,400 ; and the township, after paying
all debts, and also for a variety of articles of stock, too nu-
merous to mention, and which might be put down at several
hundreds more, bad much more value belonging to it than
the amount borrowed. _ _

Mr. MALLABY enquired whether the valuation of the
market at £lO,OOO included the large space of land behind
the market ?

Mr. JACKSON.—Yes ; but not the land which has recently
been given to us.
Mr. LAY COCK.—

-And that is worth £6,000 more

Mr. JACKSON wished to state also that the revenue to-
wards paying the interest upon the bond debt last year (of
course he included the arrears owing) had been £493 45. sd,
thus showing that the commissioners had a fund, independ-
ently of the rates, to pay the interest upon the bond debt.
This fund arose from the receipts of the weighinc, machine
and market.

Mr. CoLE.—It does not appear that we are insolvent.
Mr. LA.YCOCK.-1 had no idea that the market was so
productive.
Mr. JACKSON.—I think great credit is due to the Market
Committee of last year for the vigorous way in which they
have acted.

Mr. MALLAI3Y suggested that two commissioners be ap-
pointed auditors, who should have the assistance of the Fi-
nance Committee, or of any other member of the board who
might choose to attend their meetings. Two gentlemen
should be specially mentioned.
After some discussion this suggestion was adopted, and
Mr. Stansfield and Mr. Laycock were appointed a committee
to audit the accounts.