VICTORIA WHARF.

Bay of Plenty Times, Volume XLI, Issue 5968, 6 June 1913, Page 7

VICTORIA WHARF.

{(JuDtiaued from page (».}

1 and they were not compelled t«» acquire the wharf. The Bor- ; «'UL rh should hand nu- wharf iivor without one farthiny. ! Mr Adams pointed out that 1 all the profits from the Viotor- • ia Wharf, except _CUO, had none i into the Town Wharf. i The Chairman said the Borough (Council had acted in a • dual capacity—Harbour Board j and Borough Council. The Bor- ■ ough had no ritrht to expect ; payment for the wharf, as they I bought it as the authority con- ; trolling the harbour. As far as I lie could makf out i^Oil was I the amount of the interest. 1 Mr Grant said the cost of arbitration would be about i'loo. Colonel Ward said the trou- | bio appeared to Jiim that the 1 Borough Council had not conjjtluetecl the accounts of the I wharves in a very businesslike manner. The Board could only I take the wharf over at its vaI lue, but could not go into old j aeroimtt. Mr Stewart said the Board, ; had to take over liabilities. jMe wanted to see the fair I thing. The Borouoh Council j was entitled to more than the I value of the Victoria Wharf, lie I would like to see the thing s?et> ! tlod without going to arbitration. Mr Adams suggested that a ! lerral opinion be taken on cer* i tain points raised by the chair* i man. Mr Stewart moved an amend- | ment —That this Board declines Ito exceed its offer of C")()!) for ! the Victoria Wharf, and if this j offer is declined this Board de- [ (-lines to enter into any further I negotiations in the matter and i having regard to the great extension to the Town Wharf prefers to leave this decaying structure in the hands of Die present claimants. Mr Gill agreed to withdraw his motion, and seconded Mr Stewart's amendment, which then became the substantive motion. In reply to questions. Mr Adams said then; was another sum due foi\ interest on the Town Wharf. Mr Gill contended that if there was a liability against the Town Wharf it should be considered apart- from the Victoria Wharf. Mr Stewart's motion was then put and carried.