PROPOSED CITY LOAN.

Press, Volume XLIX, Issue 14760, 2 September 1913, Page 4

PROPOSED CITY LOAN.

—a ', £42.000 FOR STREET WIDENING, ETC. Tho proposal to raise a substantial , loan for street widening nnd other puri poses came before the City Council again at the meeting last night. Tho Finance Committee reported that it had conferred with the Works Com- ! mittee on tho question of streets proposed to b<> widened, and recommended that steps be taken to raise a loan of £42,000 in accordance with the following particulars:— CENTRAL and LIXWOOD WARDS— £ Widening Stanmoro road end improving corner Xuracry road and Tuam street .. .. 17,? M ST. ALBANS WARD— Widening St. Albans street .. 1,787 Widening Abberley road .. .. 747 Widening Springfield road .. 1.974 Widenins Hill's road .. .. ' 1,002 Widening Edgewaie road .. .. 861 Widening Leinster road ... ... 1,330 SYDENHAM WAKD— „. Widening Brougham street .. 3.235 Widening. .Siver road .. .. ISO Wid<toing Antigua street, between av«nue and tho railway .. .. .. .. 430 Widening Wilson's road .. .. 200 Footpath in Walthnm road .. 500 Extending Glodetono street to Haipcx «trcct .. ... .. 753 Suburban Libraries .. .. 6,000 Preliminary expen&ee in connection with tbe schemo and cest of rais- • ing th« loan . .. .. .. OQO Contingencies and other work necwsary and incidental 'to the loan 4,833 ToUl .... .. £42,000 If • the Council approved of " the schedule the committee would go further into the'matter and decide as to period of loan r interest, and sinking fund to bo paid, and take the necessary stops in place the scheme beforo the ratepayers and tako the poll. Cr. Williarne urged that Trafalgar street, St. Albans, a main artery, should be included before some of the other streets proposed wero taken in hand. Tho main roadways should bo widened before branch streets were dealt with, but the committee did not seem to be -following that principle at all. According to the proposal preliminary expenses and contingencies would account for £5500, and what was to be done with I that money ? A £42,000 loan, ac proi posed.' would niean that the rates would Ibe burdened to tho extent of £2000 a , , year. , - ■ ' Cr. Cooler opposed tho report. •Hβ ' : did not think the proposal in any case I would be approved by the J Stan more road itself, he considered, I would cost over, ; £20.000. Tho Tramway I Board should be one of the principal contributors to that amount, for it was lon account of the tram traffic* that the j necessity for the widening arose. Hβ alEo objected to the widening of roads Ito improve tho properties of people i who had bought very choanty. Those [ people, he thought, should give tho land I required for widening. Tho cost of the scheme should be borne equally by the Council; the Tramway Board, and the property owners affected. i Cr. Otley said that Stanmore road should be widened whoever stood the cost. The Mayor expressed tho hope that the Council would adopt the report, for the work proposed waa of a distinctly pressing character. / Cγ. Hayward considered that only Stanmore road and Antigua street should be videned at present. Cr. Sorensen urged that the' ratepayers should be given an opportunity of voting on the proposal. Cr. Scott said that the issu«, street I widening and libraries, should be put ; separately. i The Mayor said , that was the intenr tion. In any case the committoo only proposed nt first to raise money to cover the cost of the more urgent widening. Tho report was adopted.