Page 7 Advertisements Column 4

Dominion, Volume 10, Issue 3128, 5 July 1917, Page 7

PUBLir. NOTICES. OITY OOUKOtT.. WfeLUNfiTON CITY TTUMHO DEPABTMRNTS' RESERVE AND RENEWAL FONBB BILL, KOTIOK IS HEBEBY GIVEN that H< 1« tho intention ot tho Wellington Oity. Council to introduce in tho ensuing aearinn of Parliament, tho Wellington City Trading Departments' Bcsetve and R<wew- , Bl Funds BilJ. Mm objects that thn mud Bill is intended to effect aresI. To provide Hint the Council may establish, renewal funds in connection witri tie Abattoir Undertaking, tho α-ramwoy and Power' Supply Undertaking, nnd the Eleotrio lagbt and Pnwor Supply VrrtertJi.kliie;. ?., For the punpoee, of nucli funds In compiline the annual accounts of revenue ana \ expenditure of euoh undertakings /to charge on annual appropriation to ? rovl J" renewal fund?. Such appropriation to Pβ one pound ten shillings per centum of the value nl the dep.recia.ble aseeta of t.he undertaking, aad auob vbAmb 1n be flwA by the City Engineer, whose deoieion shall be final. .1. To provide that eiiok appropriations BhaJl be mado independently of ohaJKcn for maintenance and repairs. 4. To provide that Biich appropriations jfc.ajl be paid in .the month. , o< April to •moh year t« CommissioDKra to be appointed under the Ant; the first of such ■ payments to be made id April, 1918. 6. To provide that three Commissioners, ■ to be termed "The Wellington Oity Renewal Fund Oommießionere," shall bo aip-1 proved on the paesing of tho Aot, and that j t>be provisions of Section r 35, M, and J9 , of The Local Bodies' Loans Act. 191.1, j Shell, mutotis mutandis, a.pply as if tho i Oominissionorfl vera unpointed under Uiat Act. 6. To provide thai thp Council 6ha.1l transfer the existing Abattoir Jlenowal Fund, amounting to £2171 Os. W., and the existing &amw»y Renewal IMnd, amounting to £12,078 Ba. 6d., to the Commissionere to bo eo appointed. 7. To provido that the Gommicoionora ehnll, invest all moneys .in: (a) New Zealand Government securities. (h) On deposit in any. bonk ourrying on bunincsn in New Zealand, nnaer tho authority of an Act of tho General Assembly. 8. To provido that separate acountii i ohall bo kept by tho Commissioners in respect of tho- poveral undertakings. 9. To provido that oil moneys, together, ■with all accumulations or interest, ehalli be held bv the Commissioners on trust to . pay to tie Council the portion o£ the funda standing to the credit of each. euoh. | undertaking, for the purpose of renewing l or replacing the plant of tho undertaking, or any part or parts thereof that may from timo to time heoomo worn out, obsolete, or incapable from any other cause, of further usefulness. 10. To provido (1) That every demand made by the Oounoil on the Commissioners fihaJl be accompanied by a copy oC the resolution of the Council calling up Buoh moneys, and by a full Bpecifloation of the works proposed to be done. (8) Suoh. resolution must stale that tho i juoney proposed to bo called up io required to roplaco plant or material that bat become lvorn out or obsolete, or is incapable from any other cause of further usefulness, and shall be certified by the Mayor and the Town Clerk. (X) That the Commissioners stall not pay or refund in respect of any undertaking any amount in excoea • of tho amount hold by them to tho orodit of such undertaking. 11. To provide that the Commissioners may oall for a report by an engineer or other qualified person as to tho propriety 1 of any demand made upon thorn; that I euoh person shall have the right to in- • quire- into the reasons why tho Council proposes to expend the moneys asked for ond into tho nature sind extent of the proposed works; that euoh engineer shall report to the Commissioners tho result or Ms investigation and his opinion on the proposals; and that the Commissioners may pay suoh person a reasonable sum tor his services. 12. To -provide that tho Oommtesionere may pay tho amount demanded by instalments, or may\ deollno to pay suoh I money; that in the latter case the-'Coun-cil may by summons in Chambers osply to tho Supreme Court for an order directing the Commissioners to pay tile, sum demanded; that if the Court is of opinion that tho Council has proved that the money required ia neoossery to replace or renew plant which hag become worn out or obsolete, or incapable from any other canee of further ' usefulness, tho Court may order the iiayment of the money to tho Council; and that the decision of tho euDremo Court shall be final. 13. To provide that if on the maturity of any debentures the Sinking Fund is meuffloient to pay tho debentures, the Council may call up tho Benewal Fund in Tβepeot of whioh the debentures wore ißenea; that tho Commissioners may pay the amount so demanded or may call for a report on tho financial bearing of the Council's demands, and that the provisions of Sections 10 and 11 of the Bill (being thsso summarised in paragraphs 11 and 12 of this notice), shall apply, mutatis mutandis, to such demands. • H. TVr provide _, (1) That tho Council may establish Itesefvo Funds in respect of the Tramway., and Power Supply Undertaking', and in respect of the Electric Light apxl Power Supply Undertaking; (2) That tho Council shall charge against the accounts of 6Uch undertaking an annual appropriation of ono pound ten shillings per centum of tho depreciable assets of such undertakings. Such value to be fixed by th.e Oity Engineer, whoso decision shall bo final. (3) That tho Council shall, in the month of April in each year, pay Buch appropriations into two separate banking aooounts. to bo termed "Tramway Reserve , Fund Account," 'and "Electric Lighting Roservo Fund Account." .4) That the monoys paid into such accounts nhftll bo applied for such extensions and improvements in the undertaking in connection with which tho fund is established ae tho Council thinlw flt«. (5) That if lit any -time the renewal funds created in respeot of either the Tramway and Power Supply Undertaking, or in reaped of tho ' Eleotrio Light and Powor Supply ■Undertaking, shall be insufficient to meet renewals, the Council may use any port of tho reserve fund established for the undertaking requiring further renewals, for the purposes of auoh renowajs. (6) Tho.t tho Counci.' must invest such reserve funds (a.) In New. Zealßnd Government securitieo. (h) On deposit in any Bank carrying on business within Now Zealand under the authority of an Aot of the General Aesojnbly. 15. To provide (1) That, tho Council may establish Accident FundG in connection with the Tramways and Power Supply Undertaking, ».ud in connection with the Electric Light and Powor Supply Undertaking. (S) That such funds may be used to meet claims for accidents arising in connection with the Undertaking lor whioli '.ho lund. h <s3U].bllfthatL 13) U'liut, tho Council may invcnl. finch funtla on dopoitit, in any Bank r.iUT.ying on business in New Z«ilatid under tho authority of.iiu Act. ofiliß Oencral Assembly. A ■ copy oi this Bill has been deposited in' the. Magistrate's Court. Office, La.rabton Quay, Wellington, and- a copy of the Eiiid Bill has nlfio been denonitctl al> tho Town filork'e Office, Town Hall, Cuba Sltcot,- Wellington, and ia there open lor iiißpectiou for tho period of tlireo iiill weokß from the first publication hereof. Dated at Wellington, I bin Sdtli day of June, 1917. ,INO. B. PALMEK, Town Clerk.

7WOW" ie i.hfi time you need ». gc;d. warm x " Overcna-t. Kow its the time to order it at, MILLIGANU Kelhnrn Avenue. . ' ECZEMA. RADIO LOTION AND OINTJIENT.-A Guaranteed Cure for all kinds of Eozcnia and Skin". Diseases. Hundreds of Buflerers cured weekly and cured nermanentlv. The distressing irritation is reliovcd on FIRST APPLICATION. Lotion and Ointment, ss. 6d.. postage sd. ia(,ra. MADAME Aimj. 23 Suincton'n Huildfnc, Queen Street. AUCKLAND. BBITISTI \\ r OOD.MILKJriIUBB¥E HE.BLS., TF h(> hasn'l. thorn in stock, write to Box 1 673, Wellington. WANTED Known-Bodford'a flrcnt Salvage Sale is now in full swing. Hundreds arc delishtMl at, the burgoins going. Do not mica it. W BARBED, AND CO., Dycrn and Dry n Oleajiors, 125 Cuba Street, Oity. 'Phono £36. rJUTA WINEB. Try them at any Hotel I Thoy. aro sound end good.