TABLE NO. 8.-Port of Palm Beach district-Bonds outstanding July 31, 1947

TABLE NO. 9.-Yearly tax collections for the period 1935-46

TABLE NO. 10.-Potential tonnage by commodities from traffic survey

Résumé of Port Development, Port of Palm Beach (Lake Worth Inlet)

In presenting the figures shown in table No. 1, “Capital investment and additions to capital investment of port of Palm Beach," the following items are of interest:

1. The facilities which have been turned over to the United States Government have a book value of $2,814,808.62 as of December 31, 1934. Replacement value of any one of the items would be at least 50 percent more than the value at which these items are shown.

2. Value of improvements made in the slip and to the south of the Government turning basin show that the port authorities have on their own initiative deepended the slip and enlarged the turning basin by the expenditure of $268,726.04. Work done at a cost of $225,390.88 will become part of the Government holdings if the proposed work is carried out by the United States engineers.

3. Additional land which has been purchased by the port authorities at a cost of $272,367.16 will be used to provide additional docking space and terminal facilities in the form of a slip 250 feet by 800 feet and 30 feet deep mean low water.

4. Additional trackage, buildings, ferry transfer system, dolphins, and docking facilities have been provided at a cost of $443,625.92, which approximately doubles the value of facilities at the port of Palm Beach. The sum of $10,378.44 was spent to provide the town of Pahoke with docking facilities in Lake Okeechobee. In addition the port authorities have pledged $50,000 for side channel improvements in Lake Worth for the town of Palm Beach, city of West Palm Beach, and the town of Riviera Beach. The entire $50,000 will be expended in dredging.

Table No. 2 shows the tonnage which has passed through the port during the past 41⁄2 years. It is supported by the figures appearing in tables No. 3 through No. 7. The data do not include the year 1943 which had been previously included in a report filed November 1943.

Table No. 8, "Bonds outstanding July 31, 1947," does not reflect the fact that there are $203,000 in bonds which are held by the port itself as an investment. The series A revenue bonds are all to be retired on September 1, 1947. leaves an actual outstanding indebtedness of $3,615,000.

This