THE GRAFTON BRIDGE.
CITY COUNCIL AND COMPANY. THE COUNCIL'S TERMS. A further letter with regard to the position of affairs in the construction of the Grafton Bridge by the Ferroconcrete Company was the subject of a report by the Works Committee of the City Council at last evening's meeting.
The communication, which was forwarded by Messrs. Russell and Campbell, stated that Messrs. Geo. Wills and Co., the Ferro-Concrete Co.'s largest creditors, were prepared to advance £3000 to be devoted exclusively to the carrying out of the Grafton Bridge contract, if the Council would make further payments when required to the same amount on the engineer's certificates, and that the whole sum of £6000 would be devoted entirely towards completing the bridge. Councillors Tudehcpe Somers, Smeeton, Entrican, Bagnatl had attended to discuss this proposition. Mr. Stanton, acting city solicitor, being present to advise. Mr. E. R. Russell and Mr. Robertson attended on behalf of the FerroConcrete Co.
As a result of Iheir consideration, the Committee recommended that the Council advance £ 3000 towards the cost of completing the bridge on condition that the £3000 to be advanced by Geo. Wilfs and Co. be paid to a special account, and the £6000 be wholly applied to the finishing of the bridge; that the city solicitor prepare such an agreement as would safeguard the interests of the Council in the present contrart. They would also recommend that an indemnity be obtained from G. Wills and Co. under the Lien Act, and that they guarantee the completion of the contract, the bank rate of interest to be charged on the advance.
Mr. A. J. Entrican said that the question of seeing that the £3001) advanced by the Adelaide firm was spent before the Council paid their portion appeared to have been omitted. He would move an amendment that the following words be inserted after the word "account": — "And be spent on the work before the Council be called on for their portion."
Mr. H. M. Smeeton, in seconding the motion, remarked that there had been a very emphatic opinion on the part of the Committee that this money should be spent by the Adelaide firm before the Council's money was handed over. The amendment was carried. The Mayor (Mr. C. D. Grey) then moved a formal resolution to the effect of the Committee's recommendation, this being carried unanimously. •
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