THE GRAFTON BRIDGE.
A SERIOUS POSITION. -The following letter was received by the City Council last night from Messrs. J Russell and Ganipball:—'••We have been -requested by the Ferro-Coricrete Company of Australasia, Ltd:, to state that Unless the Council is prepared to make j progress payments upon the main arch jit will be impossible for the Company to I avoid liquidation. This will probably j involve serious delay in carrying out the ! i work. The Company anticipates that if I the' Council will make progress payments on similar terms to those usually I adapted, liquidation will be avoided and J the work completed much more expedij tiously than would otherwise be the j case. We shall be obliged if the Council I will inform us «s speedily as possiblo '■whether it is prepared to meet the ComJ pany in this direction." I T-he letter was considered in committee -sit length, and on resuming the Mayor formally niove'd thttt the 'Com-pany-should' be informed that the Council "had 'resolved that the 'Company 'should be Quired to 'adhere to the /iontrect. " ■■-:. ... j '" '■''*■■'
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