THE LOAN PROPOSALS

Evening Post, Volume CXIX, Issue 96, 24 April 1935, Page 11

THE LOAN PROPOSALS

WORTHY OF SUPPORT

LIMITED BORROWING

,"I am convinced that we are right in putting these loan proposals before you," said' the Mayor, Mr. T. C. A. Hislop, while speaking at Hataitai last evening of the stormwater, street works, library, and tepid baths proposals to be voted upon by ratepayers on May 8. "These proposals are not extravagant. You cannot borrow your way back to prosperity; the course of the profligate borrower'always ends in disaster, but that is not the course that we intend to take. The course of wise borrowing has always led to improvement, and today, when we can see some signs' of a lightening of the burden of our. difficulties, and when there are indications of a general improvement, when prices are still down, and while there are still thousands of men out of work, there is no better time to give just that fillip of encouragement that is needed, and which can well be given by supporting a limited and sound loan policy; By approving these proposals the1 ratepayers will set under way works that are necessary to the city and'at the same time lift a little higher the curtain to show the way to brighter times."v ■,; , '. ■■■'.■;

Councillor T. Forsyth, who is chairman of the works committee of the City Council, and Councillor W. Appleton, referred to! the', proposals, and spoke particularly ,of the plans for the modernising of stormwater services in the Hataitai arid .north Kilbirnie areas.

Later in the evening, Councillor W. Duncan also .spoke of the loans, and urged that ratepayers should give them their full support. He quoted from ijeports received by the reserves committee on the running of tepid baths in other centres, emphasising the benefit that would follow through the all-the-year-round bathing and swimming facilities, particularly for children. "If the baths benefit no one else," he said, "they will be well worth while for the children." f ■ • Councillor Duncan replied to statements made by Labour (Candidates that the City Council had done little for sports bodies, and ran through a long list of grounds constructed at heavy cost.iand maintained for the benefit of, the young people, some of whom had shown a most commendable spirit in hejping themselves and the council in finding part of the money for the construction of the grounds.