Leadership

Portland’s Prosperous Plant

Issue 9 and Volume 53.

Portland’s Prosperous Plant The water works system of Portland, Ore., not only furnishes very pure water and plenty of it to the citizens, but is also a big source of revenue to the city. Its patrons include 13,67ft dwellings and 4,336 apartments. Its cash receipts for water during 1912 amounted to $778,013.55, of which $207,666.76 (26.6 per cent.) was spent in operation and up-keep. The interest on bonds was 29.5 per cent, and 13.8 per cent, went into the sinking fund, leaving a balance of 30.1 per cent, for betterments and extensions. The cash balance on hand on December 31. 1912, was $90.883.20, as against $6,349.34 on December 31, 1911. In the latter year the receipts were 16.1 per cent, greater than in 1910, and in 1912, although the flat rate for an ordinary dwelling was reduced from $12 to $8—25 per cent.—the receipts were approximately 3.8 per cent, above…

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