WELLINGTON'S SOUNDNESS
FIVE YEARS WITHOUT LOANS.
Solid evidence of Wellington's soundness is in the ability of the municipality to well maintain and extend public services without raising loans. The Mayor (Mr. J. P.Luke, C.M.G.) remarked today that he well knew the argument of some critics that certain works should be charged to capital (by way of loan) instead of to revenue (mainly rates), but he believed that the public generally favoured the policy which had been carried on since he took office as Mayor, five years ago. The city had managed to meet the public. needs satisfactorily without borrowing. The ratepayers deserved credit and compliment by their reasonableness in permitting the working of a progressive policy on revenue instead of loans.
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Evening Post, Volume XCV, Issue 111, 10 May 1918, Page 8
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121WELLINGTON'S SOUNDNESS Evening Post, Volume XCV, Issue 111, 10 May 1918, Page 8
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