CITY LOANS.

Dominion, Volume 2, Issue 411, 21 January 1909, Page 8

CITY LOANS.

■; :;■ ]T:. ■':? .'''■ The. loan .proposals jhich. .hate •,. che'City : Council':fbr.'sotae-time, past; jwiU/Ve, ;, y ' placed'" before '-the.'ratepayer's, .<• at'-; a'opublip,-;' : -.- : meeting'ito be .held .in : the^ncert'Chamber -'rV: of the Town .Hall, -to-night/' • -.;.The yworks ' ] vwhich'it/is intended to '■undertake'- forthwith .:■-,"...>: are-considerable,:; and; they'! call/for '-v'-lafge':^; - expenditure. The total amount 'bf - the:pro- .:; iiosed ldaii as followsi, / ■ 0 :;'0y'-\.^'v-^v.:^--/;';U:b'^i'-'^;;v;':.-Tramways;and Lighting.. ''.:;..;..;;.:...; 46,000 '.:-;.. AVadestown': Tramway v.., 1 :;../-';...' :40,100 .\,: Kilbirnie 'Reclamation and Reserves ;';• .. •„ - •';•-;.- :"-. (including Outer Road\arid Sea ; ■ •:.'. -• /-Wall).-'.., y. ; :-:;..;■-:■;...•..;;■'•■■;..^27,500. ; v:;!Workmen's.Homes •;.:. :.y -■:...':;: ••• ; Wadestown . and- 'Northland .TVater- ; / f :'■ ■: Supply. - ;...--."'.;...:>■ .-,■'■...'-.- V ...'••■ .!■ Consta¥e;Street Extension '...' -.:.; 22,000. ;/ Reof eatibn : Grounds ,,.:'.' V ..-v.. " ; .•;;'.. l ; '15y500.-?;,:.-Destructor..: (additional) , ■■'■ v ;.."■'■' -.'.:-: :.4,500 "',-"'■'■ /Abattoirs :;:.;• A-v... : : -;2,750 ; y : y■ VTotal'■ 'j } .4 -Vi.'.C'-vi-v---=J"^; V 2oß,3so"'r":^' ? ".'.. In 'regard to : the proposed tramway .and-.:';'. ■ water'. supply. for : Wadestown,. it.is intended.' to pledge.:a special rate of 4d. in the pound 'V,; onr the rateable value of.; the suburb as'i'se- A purity, for the■■'£4o,lop-'.required-'tfl.-i»nstrudt'''; ; : the r tramway,; including .the-cost of; property. j.;;' resumptions. 'It is further ; proposed to pledge V";,. a rate of ; five-sixths of a v pennyoyerr'.both'. . ■Wadestown; arid. Northland, as .security for ■'' the amount of . £22,500 _ which will ■ have,., ia\ ■■'.•-... be 'borrowed .in connection ..with ,the "estatb- .';•. .:' lishirig of a/water supply. ".",■..>.:,; : , : ': : 'y'.ix '. ,The loan of. £46,000 for :trarnway.s, : aniji;. ; ; electric*'lighting is' made up.'as follows:'—Ad- y.i di'tio'ns to tramway, rolling, stock, power house '•':•,'"'-,- plant, purchase of Island Bay feeder cable,! : V erection of Thprndbn pay>in' office and "pur-.; ••; chasp". of land, one annual: payment to the ; '. Council ori account'of pur- ; i chase of, tramway within/ city boundary, . ;i' : denyig corner of Manners; and Cuba Streets. ■'.'■'. Lyell Bay tramway extension, -.purchase. of' ;• i land -for:;bar-shed,' Kilbirnie, ; aridybuilding thereon, .street widening; arid electric flight-"' '-'A ing—station,. buildings '■ and additions,*', new ~- : ?i tur.bp: set and accessories, purchase 'of' meters,;. >I n transformers, extension of ■ mainV';newroori-':;:,: riections,- and lighting •-extensions^" "■ :£46;000.■;.;;:;: .'^^^