Correspondence.

Press, Volume XIV, Issue 1892, 8 May 1869, Page 2

Correspondence.

TO THE BDITOE OF THB YB2SS. Sib,—As a ratepayer of Kaiapoi,l wUhto remark upon the application of MeßsrsM" lender and Co for an extension of theiww of the rl-er reserve at present held by tnenj. I trust the Council will decline to S» nt J Mr Newnham applied for a lease of 7 yen* which was grunted upon the usual condihon". ha had at that time the option of *PW*f. -I 7,14, or 21 years. Now M the Bm&>* they require more building*. &%**** application to extend the ■ lease to 21 yeare es the same rental. : ■■ _-. eß j When the rental was feed nominal rate, for.it cannot be ««*•£'s it was done for the double at the end of the lea.ee . very valual bto V™ perty, which would be a greati to « incoSe of the town, and with hie end mjg also to encourage enterpriee at the to** fe§ The policy was a wise one, w* I top* ™»

adhered to • but if leases are to be extended hithis way without any benefit to the property of the Council, a great mistake will be made, iud the prospective increased value to the Council of tlm reserves postponed. I abo notice t*>at. Mr Oram, one of the councillors, abstained from voting or speaking on the subject, on the ground of his being personally interested, and understand that lie dairce the above property as under lease to him- I' "an additional reason for caution in the Council. I remain, A Katrpaybr of Kaiapoi.