THE MAYORALTY.

Dominion, Volume 1, Issue 169, 10 April 1908, Page 8

THE MAYORALTY.

■■ - . STATEMENT 151' MR; lIISLOP. ; ' > In conversation with a Dominion reporter . yisterday, the Mayor. (Horij; ; T. W. "Hislop) revived the question: of sinking .funds invest-' mcnts,, wit.lr special reference, to the loan to the Karori Borough atM. 3-S. per'cent. V: He stated that in looking through, some papers ill, his officehe came upon a bundle of docu- ■ ments relating to loans that, were negotiated at about the §ame time as the one mentioned. "I found a loan to the Christchurcli I'rain•way Board at'4J per; cent.." said the Mayor, "and I .camo : across, one that was being'negotiated (but which, went off) of £50,000 to the Titnaru Borough l Council at 4J. I discovered that the Company which Messrs. Bunny and.llaivson are solicitors for offered ■the- money-to' tlid Timaru'-Co'uricil,' oiv Condi-' tion that, cortaiti legal technicalities were overcome, at 4$ per cent.-' -The negotiations only closed about October last, and if the borough had complied'with the' legal requirements 'of .the .lenders' 'that .'loan* would, have been fixed up at" 4J per cent. I have no doubt thcit if I'niodd further search through the records in.my firm's office I should drop across other Joans at'the same'-price." Mr. Hislop wfll'address' a meeting at Victoria- Hall,'- Adelaide Roa'd;'to-nigh)v at 'eiglit o'clock. His committees'" .will meet as follow: —Now.town '..Committee—'To-night,- 'at the Crown Studio, '7.30 o'clock.. :Berhampo're— Corner Luxford Street and Adelaide Road to-night at 7.50 o'clock.'/'■ Wellington Corner of Kent Terrace and Elizabeth Street, 7.30 .p.m.- sharp; ■ and at Aro Street on Monday night. '■ '• .-