NAPIER AND ITS LOANS.

Evening Post, Volume LXXIX, Issue 71, 26 March 1910, Page 2

NAPIER AND ITS LOANS.

[BY TKLEGII-VI'ii.— TKESS ASSOCIATION.] NAPIER, 25th Marcn. The Napier Borough Council held a special meeting on Thursday to consider the position regarding the borough loan, lhe amounts authorised total £134,250 /or various purposes, but the Stato Guaranteed Advances Boaid is granting the council only £35,000 for drainage. The municipal solicitors advise against acceptance of a Government loan of less than the whole amount applied for, unleah the whole loan be granted, though actual payment of some portion may be deferred. Considerable feeling was displayed regarding the board's decision, and it was decided that a deputation from the council should proceed to Wellington to urge the granting in instalments of tbi> total sum applied for. There was a good deal of discussion over the position of the Hastings Borough Council, it having been reported that that body had been granted its loan in full, which would include a sum for installation of electric lighting, ono of the purposes for which money waa refused in the case of Napier. In telegraphic correspondence with the Mayor of Napier, however, Sir Joseph Ward state* that the Hastings loan has not yet been granted, but that consideration of it has been postponed pending particulars being supplied.