Article image
Article image
Article image
Article image

PUBLIC NOTICES. LOWER HUTT BOROUGH COUNCIL. LOAN PROPOSAL No. 1. ROADS IMPROVEMENT LOAN, 1925, £26,000. VOTICD IS HEREBY GIVEN that the Lower Hutt Borough Council proposes to borrow by way of special Loan, under the Local Bodies’ Loans Act, 1913, and all other Acts thereunto it enabling the sum of £~26,(XX> for the following purpose:— H’li/3 acquisiit’iion of land for the purpose of widening Railway Avenue, Riverbank Street and Victoria Street, on the Western side of the Hutt River and Main. Road and Woburn Road on the Eastern side of the Hutt . River, and the making of a now Street so as to connect the Main Road on the Eastern side of the Hutt River with Woburn Road £26,000 In making the said new street and widening the said existing ' streets it is proposed to acquire out of the loan more land on both sides of the new and existing streets than is required for the purpose, with, buildings and structures erects ed thereon, and alter completion of the work to sell or lease or otherwise deal with any surplus area in manner provided by law. The proposed provision for repayment and security lor the said loan is a special rate of 205-400ths of a Id. in the £1 upon the whole of the rateable value (on the basis of the unimproved value) of the Borough of Lower Hutt. Debentures are to be issued for a period of not less than 10 years or not more than 36J years, bearing interest at a rate of £5 Ids. per centum per annum, and a sinking fund to be set asido of £1 per centum per annum. It is proposed to pay out of the Loan the preliminary expenses in connection with the scheme for which the Loan is raised and the cost of raising the loan and the interest and sinking fund for the first year. LOAN PROPOSAL No. 2. PAVILION AND RECREATION GROUND IMPROVEMENT LOAN, 1925, £'7500. THE LOWER HUTT BOROUGH COUNCIL proposes to borrow, by way of Special Loan, under the Local Bodies’ Loans Act, 1913, and all othei Acts thereunto it, enabling the sum of £7500 for the following purposes:— 1. Tlie erection of a pavilion on ■ the Hutt Main Recreation Ground £7OOO 2. Levelling and improving the said Hutt Main Recreation Ground £5OO The proposed provision for repayment and security for the said Loan is a Special Rate of 59-4OOths of a 1 id. in the £1 upon the whole of the rateable value (on the basis of the unimproved value) of the Borough of lower Hutt - , , • a r Debentures are to be issued for a period of not less than 10 years or r ot more than 361 rears, bearing interest at a rate of £5 70s. per centum per annum, and a sinking fund to be set aside of £1 per centum per annum. It is proposed to pay out of the Loan the preliminary expenses in connection with the scheme for which the Loan is raised and the cost of raising the loan and the interest and sinking fund for the first year. LOAN’ PROPOSAD No. 3. WATER SUPPLY', SEWERAGE AND SURFACE DRAINAGE LOAN, 1925, £6OOO. THE LOWER HUTT BOROUGH COUNCIL proposes to borrow, by way of Special Loan, under the Local Bodies’ Loans Act, 1913. and all other Acts thereunto it, enabling the sum of £6OOO for the following purposes:— 1. Water supply and sewerage, Western liutt Hills at Mailing -£2OOO 2. Surface water drainage, Western Hutt Hills £4OOO The proposed provision for repayment and security for the said loan is a special rate of 47-4'ooths of a Id. in the £1 upon the whole of the rateable value (on the basis of the unimproved value) of the Borough of Lower Hutt. Debentures are to be issued for a period of not less than 10 years or not more than 361 years, bearing interest at a rate of £5 10s. per centum per annum, and a sinking fund to be set aside of 1 £1 per centum per annum. It is proposed to pay out of the Loan the preliminary expenses in connection with the scheme for which the Loan is raised and the cost of raising the loan and the interest and sinking fund for the first year. LOAN PROPOSAL No. 4. TOWN HALL BUILDING AND FURNISHINGS, £30,000 NOTICE IS HEREBY’ GIVEN that the Lower Hutt Council proposes to borrow, by way of Special Loan under the Local Bodies’ Act, 1913, and all other Acts thereunto enabling it the sum of £36,600 for the following purpose: — The erection and furnishings of a Town Hall Building £30,000 The proposed provision for.-repaynient ■ and security for .the said Loan is a special rate of 236-400ths of a Id. in the £1 upon the whole of the rateable value (on the basis of the unimproved value) of the Borough, of Lower Hutt. Debentures are to be issued for a period of not less than 10 (ten) years or more than BGJ years, bearing interest at a rate of £5 10s. per centum per annum, and a sinking fund to be sot aside of £1 per centum per annum. . It is proposed to pay out of the Loan the preliminary expenses in connection with the scheme for which the Loan is raised and tho cost of raising tlio loan and the interest and sinking fund for the first year. J. E. EAMES, Town Clerk, Lower Hutt.

A Poll of tho Ratepayers of tho Bor ough of Lower Hutt upon the above proposals will be taken on Thursday, tho 3rd day of December, 1925, between tho hours of 9 a.m. and 7 p.m. Polling Places: The Lyceum Hall, Main Road, Lower Hutt; Office of the Hutt County Council, Lainbton Quay, Wellington; Knox Schoolroom, Main Road, Lower Hutt, and the Office of tho Hutt Valley Electric Power Board. W. T. STRAND, Mayor. NOTICE IS HEREBY GIVEN that the Roll of the Ratepayers entitled to vote at above Poll closes at 5 p.m. at this Office on Thursday, the 19th day of November, 1925. Dated at Lower Hutt, this 29th day of October 1925. J. F. EAMES, Returning Officer. MEETINGS. BOROUGH OF LOWER HUTT. LOAN PROPOSALS. . ■\TOTICE IS GIVEN that a PUBLIC MEETING will be held in St. James’s Hall on THURSDAY, NOVEMBER. 26. 1925. when His Worship the Mayor, W. T. Strand, Esq., will explain the' above Proposals to tho Ratepayers of tho Borough, to whom a cordial invitation is extended to present. J. F. EAMES. Town Clerk. [TIRES IN COUNTR V —Nd brigade, -L 1 onlr buckets unless you have "UNDERWRITERS’ ” fire Extinguishers. Promptly suppress outbreaks, easy to handle. Booklet from R. P. AL MANNING AND CO.. 135 Albert Street, Auckland.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DOM19251121.2.5.7

Bibliographic details

Dominion, Volume 19, Issue 49, 21 November 1925, Page 3

Word Count
1,123

Page 3 Advertisements Column 7 Dominion, Volume 19, Issue 49, 21 November 1925, Page 3

Page 3 Advertisements Column 7 Dominion, Volume 19, Issue 49, 21 November 1925, Page 3