EPSOM'S PROGRESS.

Auckland Star, Volume XLVI, Issue 280, 24 November 1915, Page 8

EPSOM'S PROGRESS.

——^—— ■ , ,:. .--t^-,-' THE KEJECTED LOAN PBOPOSAL. , ■~;: _ 77;/7 i The Epsom Boad Board met last'eveuv- 7 ing, for the first time since' the recent ? poll, when the residents decided, not'to,' ■ continue with the improvements Iwlujb. would have been made with7th'e7loM: money. The loan proposals haying beer, rejected, the Board was confronted'with ... • i the forming of an entirely new:coura.. to pursue until the closing of -its present 7 term of office. By abandoning anyfti.'' ther works, the Board would complete 7 its term with no liabilities...The *£l;sd*7 still owing on the drainag* work; wonU . be paid out of the f 2JMO rates ■whicL.;.. had yet to be collected. . • -' y- - ' r By adopting this policy, the neglectix work would, when attempted later, nieii! almost twice the expenditure it wpiili require at the present time. '." ■■■■ The chairman, Mr. F.-H. Wota/aiid that by doing certain work to footpatjis ' at a cost of £1,100 as estimated by the engineer, the Board would retire, leaving;: an Overdraft of probably £2,0007,.When the present Board commenced pffice,"the overdraft'amounted to £1,848 11/6;, On the motion of Mr. B. GrGlatk, chairman of. the Finance Committee,;it / was decided that the Works' Committed inspect the footpaths which'- * tention, and report on same at a special meeting of the Board which would also/7, discuss the-quest-ion-^of-finanee.-.' -7