THE QUEEN'S WHARF.
The City Council are much to be commended for the decision at which they have arrived to accept the Harbour Board's offer o purchase the Queen's Wharf, &c, for .£64,000. It is, as we showed a day or two ago, greatly to the interests of the Wellington citizens that the Board should acquire the wharf on the liberal terms offered, especially as the Council had no legal right to make a penny of profit out of the wharf, and therefore really possessed, strictly speaking, no "goodwill" at all, although offered ig25,000 for any that might possibly exist. It is. creditable to the good sense of the Council that they did not stick out unduly for the extra £6000 they at first asked for the property. As it is tt.ey have obtained an excellent price, have obtained relief from their liability on aooount of the Wharf Loan and .£25,000 to the good. The whole arrangement appears a very satisfactory one, and Councillors Thompson, Diver, Brown, Young, Logan, Greenfield and Stafford, who voted in favor of its adoption, deserve the hearty thanks of the Wellington citizens for their judicious action in the matter.
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Bibliographic details
Evening Post, Volume XXI, Issue 68, 23 March 1881, Page 2
Word Count
194THE QUEEN'S WHARF. Evening Post, Volume XXI, Issue 68, 23 March 1881, Page 2
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