Bonded Debt of Manchester, N. H., Reduced

Bonded Debt of Manchester, N. H., Reduced

According to the annual report of the water commissioners of Manchester, N. H., recently made to the council, the proportion of the cost of the construction in comparison with the amount of work done was greater in the year, 1920, than in any previous year in the history of the department. As a result of this, there has been a great reduction of the surplus funds of the department, they having been brought downward upwards of $64,000 at the beginning of that year to $7,000 at the end. The past year the bonded indebtedness of the department was re duced by the retirement of $20,000 outstanding bonds, thereby reducing the indebtedness to $120,000. Ibis contrasts with $450,000 bonded indebtedness seven years ago, and there is $23,000 available in a sinking fund for further liquidation of indebtedness. The department now has 150 miles of water mains and has under its control between 4,000 and 5,000 acres of land which it has purchasedThe coming season it is anticipated that the work of laying the 20-inch main across South Manchester to the west bank of the river will be completed, after which the department will improve the supply of water throughout the entire Highland section of the North End by laying a new main through Harris St. and tapping the highservice reservoir on Oak Hill.

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