USA > Massachusetts > Norfolk County > Weymouth > Town annual report of Weymouth 1943 > Part 15
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Less Abatements to December 31, 1943
346,880.00
51,583,849.00
Assessors' Valuation of Motor Vehicles for 1943
1,220,870.00
Less Abatements to December 31, 1943
26,800.00
1,194,070.00
52,777,919.00
Gross net valuation for the last three years. Average valuation
156,694,606.00 52,231,535.33 1,566,946.06
Total debt of all kinds incurred and outstanding.
218,500.00
Less debt outside debt limit: Water Bonds, General Laws. Water Notes, General Laws.
49,000.00 5,500.00
54,500.00
Balance of debt within the debt limit.
164,000.00
Borrowing capacity as of December 31, 1943
1,402,946.06
EMERSON R. DIZER, Town Accountant.
3 per cent
.
COMPARATIVE STATEMENT OF ITEMS USED IN DETERMINING THE TAX RATE FOR THE YEARS 1935 TO 1938, INCLUSIVE
1935
881,872.34
1936 943,627.66
1937
959,750.01
1938 972,684.67
General Government Charities, Soldiers'
Benefits, Old Age Assistance
337,577.28
306,620.28
306,071.18
379,938.31
Debt Retirement
70,000.00
70,000.00
67,000.00
90,000.00
Interest and Discount
37,000.00
28,000.00
25,000.00
22,500.00
State Liabilities
151,535.43
146,529.61
163,622.81
148,482.80
County Liabilities
47,500.00
41,000.00
40,653.85
43,698.28
Total Charges
1,525,485:05
1,535,777.55
1,562,097.85
1,657,304.06
Income Tax
74,433.35
75,016.97
101,759.01
133,944.57
Corporation Tax
77,439.44
77,439.44
76,456.70
74,746.82
Estimated Receipts
154,398.53
153,374.71
127,100.00
131,680.72
Free Cash Voted
15,000.00
25,000.00
65,000.00
Poll Taxes
13,742.00
14,296.00
14,300.00
13,698.00
Highway Offset
O. A. A. Refund
29,686.85
30,000.00
40,000.00
55,000.00
Total Credits
349,700.17
365,127.12
384,615.71
474,070.11
Balance to be Raised in Levy
1,175,784.88
1,170,650.43
1,177,482.14
1,183,233.95
Tax Rate
25.50
25.50
25.50
25.50
Net Debt
646,000.00
576,000.00
534,000.00
444,000.00
Borrowing Capacity,
778,386.43
850,360.95
919,382.40
989,018.63
Surplus Revenue
170,864.70
176,436.98
190,439.82
102,670.20
.
206
1
COMPARATIVE STATEMENT OF ITEMS USED IN DETERMINING THE TAX RATE FOR THE YEARS 1939 TO 1943, INCLUSIVE
1939
1940
1941
1942
971,461.11
979,507.77
1,096,514.99
1,160,109.30
1943 1,249,561.19
372,712.31
401,397.34
401,581.29
328,781.50
284,887.33
63,000.00
72,598.66
68,000.00
68,000.00
68,000.00
19,000.00
16,499.50
13,500.00
12,500.00
10,000.00
269,531.28
179,207.67
170,598.14
184,317.06
78,108.35
45,102.38
43,776.04
48,416.65
47,605.29
47,220.33
1,740,807.08
1,692,986.98
1,798,611.07
1,801,313.15
1,737,777.20
108,173.46
113,291.87
149,980.96
130,762.04
139,678.13
20,458.42
63,918.29
32,807.52
39,418.51
55,605.22
148,989.83
169,314.00
164,046.90
138,008.52
142,641.23
60,000.00
45,000.00
16,400.13
37,000.00
62,906.36
15,468.00
15,536.00
16,182.00
16,728.00
16,904.00
65,177.97
65,177.97
69,340.45
72,412.45
80,010.17
70,686.00
78,000.00
90,000.00
100,000.00
498,277.85
542,924.13
526,757.96
524,329.52
517,734.94
1,242,529.23
1,150,062.85
1,271,853.11
1,276,983.63
1,220,042.26
26.50
24.00
25.75
25.50
23.50
441,000.00
368,000.00
300,000.00
232,000.00
164,000.00
998,980.94
1,097,343.79
1,200,617.72
1,308,533.47
1,402,946.06
134,655.88
114,283.37
221,909.12
359,132.05
277,691.56
EMERSON R. DIZER,
Town Accountant.
207
٢
-
TOWN TREASURER'S REPORT
To the Citizens of the Town of Weymouth:
Following is my Seventh Report as your custodian of Town Funds: RECEIPTS
For Notes given in Anticipation of Revenue :
Jan. 18, 1943, due Nov. 5, 1943 @ .413 Discount
$500,000.00
School Department
5,521.86
Street Department
46.25
Licenses and Permits
13,442.32
Town Clerk's Licenses
312.00
Dog Licenses
4,652.20
Sale Dogs
21.00
Building Inspector Permits
279.00
Board of Health-Plumbing Inspector
694.00
Refund Welfare
17,752.69
State Treasurer
538,235.95
Commonwealth of Massachusetts-
a/c Highways, Chap. 90
741.89
Treasurer of U. S. National Housing Agency
6,723.67
City of Boston-Public Welfare
771.13
Police Department-Pistol Permits
71.50
Sealer's Fees
279.23
Rental Sealer's Equipment
3.50
Tax Title Releases
5,141.42
Board of Health
12.00
Board of Health-Dental Clinic
73.75
Water Department-Accounting Department
620.70
Court Fines
857.84
Tufts Library Fines
1,090.26
County Treasurer-Dog Tax Refund
4,048.75
Alewife Fishery
62.40
Income Trust Funds
652.10
Sale Tax Possession Property
2,367.84
Retirement Board-Accounting Service
583.05
Commission Vending Machines
1.15
Taxes-1941
6,601.54
Taxes-1941 Interest
312.38
Taxes-1942
118,237.75
Taxes-1942 Interest
2,874.44
Taxes-1943
1,175,490.62
Taxes-1943 Interest
258.26
Refund by Weymouth Hospital
151.17
Water Department Toward Collecting Expense
1,772.90
Taxes paid after being abated
36.68
Victory Tax Account
15,088.25
Withholding Tax Account
42,168.28
Salvage Committee-Sale Scrap, Tin Cans, Rubber, etc.
922.83
Miscellaneous
88.68
Total
$2,469,063.23
Cash in Banks January 1, 1943
350,854.58
Total
$2,819,917.81
209
DISBURSEMENTS
Paid on Selectmen s Warrants For:
Notes given in Anticipation of Revenue Other Notes and Bonds Sundry Appropriations
$ 500,000.00 68,000.00 1,986,926.33
Total Cash in Banks December 31, 1943
264,991.48
Total
$2,819,917.81
ASSETS
Due from F. W. Holbrook, Collector of Taxes 1942 $ 6,402.36
Due from F. W. Holbrook, Collector of Taxes
1942 Water Liens
695.17
Due from F. W. Holbrook, Collector of Taxes 1943
90,365.27
Due from F. W. Holbrook, Collector of Taxes 1943 Water Liens 1,926.47
Trust Funds
418,761.68
Accumulated Interest on Trust Funds
282,616.91
Deposits Granite Trust Company of Quincy
211,947.38
Deposits First National Bank of Boston
3,984.75
Deposits Second National Bank of Boston
34,059.35
Deposits Merchants National Bank of Boston 15,000.00 Sundry Bills Receivable 6,321.34
Town of Weymouth Post War Rehabilitation Fund
250,000.00
Interest on Town of Weymouth Post War Rehabilitation Fund
776.98
$1,322,857.66
Less outstanding checks
40,709.13
Total Assets
$1,282,148.53
LIABILITIES 1944
July 1, Bicknell School Addition, 4 per cent $ 6,000.00
July 1, Pond Plain Schoolhouse, 41/4 per cent 4,000.00
July 1, New Hunt Schoolhouse, 41/2 per cent
10,000.00
July 1, New Adams School, 41/2 per cent 3,000.00
Aug. 1, Nevin School Addition, 34 of 1 per cent
10,000.00
Oct. 1, Pratt Schoolhouse Addition, 4 per cent
3,000.00
Nov. 1, Bicknell Schoolhouse, 41/4 per cent 5,000.00
Nov. 1, High School Building Addition, 3 34 per cent
13,000.00
$ 54,000.00
1945
July 1, Bicknell School Addition, 1945-1950, 4 per cent $ 6,000.00
July 1, New Hunt Schoolhouse, 41/2 per cent 10,000.00
July 1, New Adams School, 41/2 per cent 2,000.00
Aug. 1, Nevin School Addition, 3/4 of 1 per cent
10,000.00
Oct. 1, Pratt Schoolhouse Addition, 4 per cent 3,000.00
Nov. 1, High School Building Addition, 3 $4 per cent
13,000.00
$ 44,000.00
$2,554,926.33
1
210
TOTAL AMOUNT OF NOTES AND BONDS OUTSTANDING
Bicknell School Addition, 1944-1950 Pond Plain Schoolhouse, 1944-1944 New Hunt Schoolhouse, 1944-1946 New Adams Schoolhouse, 1944-1945 Nevin School Addition, 1944-1945 Pratt Schoolhouse Addition, 1944-1945 Bicknell Schoolhouse, 1944 High School Addition, 1944-1947
$ 42,000.00 4,000.00 30,000.00
5,000.00
20,000.00
6,000.00
5,000.00
52,000.00
$164,000.00
TRUST FUNDS .
LABAN PRATT HOSPITAL FUND
Bequest July 22, 1925
$300,000.00
Interest to December 31, 1942
254,692.21
Total Fund January 1, 1943
$554,692.21
Income during 1943
11,399.82
Total Fund December 31, 1943
$566,092.03
INVESTMENTS OF THIS FUND
Deposited in East Weymouth Savings Bank
$111,119.83
Deposited in South Weymouth Savings Bank
144,774.35
Deposited in Weymouth Savings Bank
109,678.67
Deposited in Granite Trust Co., Time Deposit
519.18
Deposited in U. S. Defense Bond, Series G
200,000.00
$566,092.03
LABAN PRATT FOUNTAIN FUND
Bequest deposited in Weymouth Savings Bank in 1925
$ 400.00
Interest to December 31, 1942
487.96
Total Fund January 1, 1943 $ 887.96
Interest received during 1943
17.83
Total Fund in Weymouth Savings Bank December 31, 1943 $ 905.79
MUNICIPAL BUILDING INSURANCE FUND
Total Fund January 1, 1943
$ 45,901.36
Added by vote of Town during 1943
25,000.00
Interest received during 1943
1,298.89
Total Fund December 31, 1943
$ 72,200.25
INVESTMENTS OF THIS FUND
Deposited in East Weymouth Savings Bank
$ 8,745.63
Deposited in Weymouth Savings Bank
9,189.65
Deposited in South Weymouth Savings Bank
9,264.97
Deposited in U. S. Defense Bonds, Series G
45,000.00
Total Fund December 31, 1943
$ 72,200.25
211
JOHN C. RHINES FUND Bequest March 10, 1924, Income for any Public Purpose $ 10,000.00
INVESTMENTS OF THIS FUND
Weymouth Savings Bank $ 5,000.00
South Weymouth Savings Bank
2,500.00
Granite Trust Co., Time Deposit Account
2,500.00
Total Fund December 31, 1943
$10,000.00
JOHN C. RHINES INCOME ACCOUNT
Income received to January 1, 1943
$ 2,488.75
Interest received during 1943 212.84
Balance on hand Granite Trust Co. Time Deposit Account December 31, 1943
$ 2,701.59
Total Fund on Deposit December 31, 1943 Principal
$ 10,000.00
Income Account
2,701.59
$ 12,701.59
ELIAS S. BEALS FUND
Income for care of Beals Park
$ 1,000.00
Total Fund January 1, 1943 Interest received during 1943
$ 1,081.74
27.20
Total Fund South Weymouth Savings Bank Dec. 31, 1943
$ 1,108.94
JOSEPH E. TRASK FUND
1
Total Fund January 1, 1943
$ 12,805.88
Interest 1943, Paid Tufts Library Fund $229.64
Total Fund December 31, 1943 $ 12,805.88
INVESTMENTS OF THIS FUND
East Weymouth Savings Bank
$ 2,000.00
Weymouth Savings Bank
2,000.00
South Weymouth Savings Bank
4,100.00
Granite Trust Co., Time Deposit Account
4,705.88
Total Fund December 31, 1943
$ 12,805.88
SUSAN HUNT STETSON FUND
Total Fund January 1, 1943 $ 2,500.00
Interest 1943, Paid Tufts Library Account $50.00
Total Fund in Weymouth Savings Bank, December 31, 1943 $ 2,500.00
212
CHARLES Q. TIRRELL FUND
Total Fund January 1, 1943 $. 1,000.00 Interest 1943, Paid Tufts Library Account $20.00
Total Fund in Weymouth Savings Bank, December 31, 1943 $ 1,000.00
WALTER G. FORSYTHE FUND
Total Fund January 1, 1943
$ 1,000.00
Interest 1943, Paid Tufts Library Account
$20.00
Total Fund in Weymouth Savings Bank, December 31, 1943 $ 1,000.00
AUGUSTUS J. RICHARDS FUND
Total Fund January 1, 1943
$ 5,000.00
Interest 1943, Paid Tufts Library Account $92.50
$ 5,000.00
Total Fund on Deposit December 31, 1943 1
INVESTMENTS OF THIS FUND
Weymouth Savings Bank
$ 2,000.00
South Weymouth Savings Bank
1,500.00
Granite Trust Co., Time Deposit Account
1,500.00
Total Fund December 31, 1943 $ 5,000.00
ARTHUR E. PRATT FUND
Total Fund January 1, 1943 $ 3,000.00
Interest 1943, Paid Tufts Library Account $60.00
Total Fund in Weymouth Savings Bank, December 31, 1943 $ 3,000.00
WILLIAM H. PRATT FUND
Total Fund January 1, 1943 $ 2,798.80
Interest 1943, Paid Tufts Library Account $55.96
Total Fund in East Weymouth Savings Bank, December 31, 1943 $ 2,798.80
CHARLES HENRY PRATT FUND
Total Fund January 1, 1943 $ 500.00 Interest 1943, Paid Tufts Library Account $10.00
Total Fund in East Weymouth Savings Bank, December 31, 1943 $ 500.00
ALINDA M. DENTON FUND
Total Fund January 1, 1943 $ 700.00 Interest 1943, Paid Tufts Library Account $14.00
Total Fund in East Weymouth Savings Bank, December 31, 1943 $ 700.00
213
MARTHA HANNAH KING FUND
Income for care of Foye Family Graves Total Fund January 1, 1943 Interest during 1943
$ 67.68 1.35
Total Fund in Weymouth Savings Bank, December 31, 1943 $ 69.03
QUINCY TUFTS BEQUEST FOR FREE PUBLIC LECTURES
Bequest deposited in Massachusetts Hospital Life Insurance Co., Annuity in Trust G 4746 $ 5,000.00
INCOME ACCOUNT
Total Fund January 1, 1943 Interest 1943, Mass. Hospital Life Ins. Co. $100.00
$ 573.77
Interest 1943, Weymouth Savings Bank 13.03
113.03
Total Fund in Weymouth Savings Bank, December 31, 1943 $ 686.80
Total amount of this Fund Principal Income Account
$ 5,000.00 686.80
$ 5,686.80
QUINCY TUFTS FUND FOR CARE OF TUFTS FAMILY TOMB
Bequest deposited in Mass. Hospital Life Insurance Co. Annuity in Trust G 4747 $ 500.00
Interest 1943 Paid Treas. No. Weymouth Cemetery Assn. 10.00
$10.00
Total Fund, December, 31, 1943 $ 500.00
QUINCY TUFTS BEQUEST FOR SHADE TREES AND SIDEWALKS
.
Deposited in Massachusetts Hospital Life Insurance Co. Annuity in Trust G-4748 $ 2,000.00
Total Available in Income Account January 1, 1943 $ 124.72
Interest 1943 from Mass. Hospital Life Ins. Co. 40.00
Interest 1943 from Weymouth Savings Bank 3.10
.r
Total available to Income Acct., Weymouth Savings Bank, December 31, 1943 $ 167.82
Total amount of this Fund Principal Income Account
$ 2,000.00
167.82
$ 2,167.82
214
QUINCY TUFTS BEQUEST FOR MAINTENANCE OF READING ROOM
Deposited in Massachusetts Hospital Life Insurance Co. Annuity in Trust G 4746 $ 2,500.00
1943 Interest, Paid to Tufts Library Account $50.00
Total Fund December 31, 1943. $2,500.00
QUINCY TUFTS BEQUEST FOR BOOKS FOR TUFTS LIBRARY Deposited in Massachusetts Hospital Life Insurance Co. Annuity in Trust G 4746 1943 Interest, Paid Tufts Library Account $50.00
$ 2,500.00
Total Fund December 31, 1943 $ 2,500.00
WEYMOUTH BACK RIVER BRIDGE FUND
Total Fund in Massachusetts Hospital Life Insurance Co. January 1, 1943, Annuity in Trust A-023 $ 5,531.04 110.62
1943 Interest
Total Fund December 31, 1943 $ 5,641.66
TOTAL OF ALL TRUST FUNDS
$418,761.68
TOTAL OF ACCUMULATED INCOME OF TRUST FUNDS 282,616.91
GRAND TOTAL $701,378.59
TOWN OF WEYMOUTH POST WAR REHABILITATION FUND
Investment September 1943 Interest December 1943
$250,000.00 776.98
Total Fund December 31, 1943
$250,776.98
INVESTMENTS OF THIS FUND
U. S. Treasury Bonds, 2% 1951-53
$125,000.00
U. S. Treasury Bonds, 21/2 %, 1964-69
125,000.00
East Weymouth Savings Bank, Income Account
776.98
Total Fund December 31, 1943
$250,776.98
WEYMOUTH CONTRIBUTORY RETIREMENT FUNDS
Balance January 1, 1943 In Banks Bonds (Par Value)
$ 14,232.63
140,000.00
$154,232.63
RECEIPTS 1943
Members' Contributions
$ 15,684.42
Town Appropriation
25,127.05
Sale of Bonds
22,093.17
Interest on Bonds
4,558.09
Interest on Bank Accounts
299.29
$ 67,762.02
215
DISBURSEMENTS 1943
Retirement Allowances Bonds Purchased Services (Acct. Dept.) Supplies and Incd. Refund of Contributions
$ 15,513.67
48,936.70 583.05
54.92
3,477.53
$ 68,565.87
INVESTMENT OF FUNDS, December 31, 1943
Granite Trust Co., Checking Account
$ 484.55
East Weymouth Savings Bank
1,773.91
South Weymouth Savings Bank
9,170.32
North Weymouth Co-op. Bank, Mat. Shares
2,000.00
U. S. Defense Bonds, Series G
85,000.00
U. S. Treasury Bonds-1963-68
15,000.00
Other Bonds
65,000.00
$178,428.78
Respectfully submitted, GEORGE E. CURTIN, Treasurer of the Town of Weymouth.
Weymouth, Mass., Jan. 25 1944.
I have examined the accounts of George. E. Curtin, Treasurer of the Town of Weymouth, and find them correct. The securities of the Town were examined and found to be as stated in the report of the Town Treasurer.
EMERSON R. DIZER,
Town Accountant.
L
216
REPORT OF THE WEYMOUTH RETIREMENT SYSTEM
Weymouth, Mass.
January 27, 1944.
To the Honorable Board of Selectmen and the Citizens of Weymouth :
The Weymouth Retirement Board submits the following report of its activities for the year 1943.
Members of the system January 1, 1943 236
Enrolled
25
Withdrawals
17
Retirements
4
Membership December 31, 1943
240
Pensioners January 1, 1943
24
Retired in 1943
4
Membership December 31, 1943
28
FINANCIAL REPORT FOR THE YEAR 1943 INCOME
From members:
Regular contributions-Group I
$11,408.48
Regular contributions-Group II
4,275.94
From Municipality :
Accrued Liability contribution
16,256.00
Normal Liability contribution
8,288.00
Expense Fund
583.05
Interest on Deposits
299.29
Coupons on Bonds
4,870.35
Profit on Sales
1,999.55
$47,980.66
DISBURSEMENTS
Annuity Payments :
To members retired in Group I $ 390.31
To members retired in Group II 21.57
Pension Payments:
To members retired in Group I
11,261.72
To members retired in Group II
3,840.07
Refunds :
To members in Group I
2,403.60
To members in Group II
1,073.93
Accrued Interest
91.39
Expenses :
Clerical Work
583.05
Stationery, Supplies, etc.
39.92
Safe Deposit Box
10.00
Association Membership
5.00
19,720.56
Increase for the year
$28,260.10
217
BALANCE SHEET-DECEMBER 31, 1943 ASSETS
Treasurer's Cash :
East Weymouth Savings Bank
$ 1,773.91
9,170.32
South Weymouth Savings Bank Granite Trust Co., Commercial Dept. Investments (Cost) North Weymouth Co-operative Bank-Shares
484.55
151,750.11
1,966.00
Investment Income (deficiency)
101.08
$165,245.97
LIABILITIES
Annuity Savings Fund-Group I
$ 59,380.38
Annuity Savings Fund-Group II
24,649.50
Pension Accumulation Fund-Group I
52,312.51
Pension Accumulation Fund-Group II Annuity Reserve Fund-Group I
3,241.66
Annuity Reserve Fund-Group II
30.45
Expense Fund
101.68
Profit on Sales
4,208.70
$165,245.97
SCHEDULE OF BONDS OWNED DECEMBER 31, 1943
Description of Bonds Coupon
Par
Amortized
Rate
Maturity
Value
Value
C. B. & Q. R. R.
4%
July
1, 1949
5,000
5,114.04
Gt. Northern Ry.
3 34 %
Jan.
1, 1967
10,000
7,466.04
Louisville & Nashville
3 34 %
Apr.
1, 2003
10,000
8,364.07
New York Central
3 1/2 %
July 1, 1997
10,000
8,495.22
Northern Pacific
4%
Jan.
1, 1997
10,000
6,974.66
Southern Pacific
4 %
Jan.
1, 1955
10,000
6,925.83
Louisiana & Arkansas
5%
Jan.
1, 1969
10,000
8,866.88
U. S. Savings Bonds
2 1/2 %
Feb.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
2 1/2 %
Mar.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
2 1/2 %
June
1, 1954
5,000
5,000.00
U. S. Savings Bonds
2 1/2 %
Aug.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
2 1/2 %
Oct.
1 1954
10,000
10,000.00
U. S. Savings Bonds
2 1/2 %
May
1, 1955
40,000
40,000.00
U. S. Victory Bonds
2 1/2 %
Dec.
1, 1963
15,000
15,000.00
165,000
152,206.74
Respectfully submitted, FRANCIS L. GAUGHEN, Chairman EMERSON R. DIZER, Secretary HAROLD S. GARDNER
Weymouth Retirement Board.
218
21,321.09
TABLE OF CONTENTS
Page
Alewive Fisheries
60
Annual Town Meeting Warrant
10
Assessor's Report
163
Board of Health
161
Board of Registrars Report
54
Building Inspector
60
Bureau of Old Age Assistance
159
Dental Clinic
158
Election, Town
39
Fire Department
62
Harbor Master
157
Inspector of Animals
155
Jury List
150
Jurors Drawn During 1942
154
Memorial Day Observance Committee
59
Moth Superintendent
167
Park Commissioners
155
Plumbing Inspector
154
Police Department
61
Post War Planning Committee
57
Price and Rationing Board
54
Purchasing Committee Report
160
School Department's Report
85
Sealer of Weights and Measures
60
Shell Fish Constable
157
Supt. Fire Alarms
63
Supt. of Streets
156
Tax Collector
161
Town Accountant's Report
168
Town Clerk's Financial Report
52
Town Counsel
158
Town Engineer
155
Town Infirmary
61
Town Treasurer's Report
209
Town Meeting, Annual March 1
17
Town Meeting, Warrant for Special
47
Town Meeting, Special, May 24
48
Town Officials
3
Tree Department
166
Tuft's Library
137
Visiting Nurse Asso.
157
Vital Statistics, Summary of
53
Weymouth Retirement System
217
Water Department
65
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