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BOROUGH MATTERS.

SIDE ISSUE CAiI -

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REASON WHY HE APPROVED BbA&oi TRAMWAY

“While I have been away in Wairoa”, remarked Mr W* Lissant ri avion, the United candidate, m his Aborcorn Hall address on Saturday evening. “I cbjild not help being am,iaed at the storm of vituperation Vrlv bv Mr Lysnar. While this does not worry me at all, and I will refer So it only very shortly, there is one Kttle persistent- I could almost say falsehood, that is being perpetuated. “At every meeting”, he continued “Mr Lysnar has been shrieking away about the old . Borough loan and the Gentle Annie tramway. In one of my addresses, I referred .to the Gentle Annie quarry as having uroved a complete loss. Mr Lysnar immediately jumps on to the tramwav and keeps talking away about that, but doesn’t mention the qU &vfnp his version of the argy meat, Mr Clayton explained that Jfi Lysnar had propounded Mr Jarratt scheme for the Gentle Annie quarry Several of the councillors, includm; Mr Clayton, had approached M Lvsnar and urged him to have thi possibilities, of the quarry thorough]tested Mr Clayton had stated tha ho would withdraw his opposition t the scheme were steps taken to tes the quarry’s resources. The test xrero not made and the quarry adopted. “Mr Lysnar was entire!; responsible”,. said .Mr Clayton. Lfi tihe question or transport ox tb metal to town came up. Mr Lysnar who was then in England, had sec gasted ‘Straker wagons, but tb Council, desiring to get the metal a cheaply as possible, since they wer committed to taking it, decided on light tramway which, figures shop, ed, was immeasurably cheaper tha the transport suggested by Mr Ly nar. Using tho Straker wagons, it coss per yard of metal would hr been about 12s 7jd. but % ~1 tramwav, including sinking fund, was to'be 2s lOd if 10.000 van per annum were guaranteed, or 2d, with 0000 yards annually. u was the Council’s duty” added 91 Clayton, “to choose the cheape transport possible, since some Iran port had to be provided, so the chose the tramway.” The United candidate also refers to Mr Lysnar’s connection with t! Borough loan of £175.000. He. alie ed that Mr Lysnar had promised secure the loan in London at a co of 1 per cent., plus £209 for prii; ing and £BOO to pay for Mr Lysnar trip Home to arrange it. If the r cords of the costs of that- loan we looked up, he continued, it would seen that they totalled £SOOO rl'B the £2OO for printing and the £'?■ tor Mr Lysnar’s trip. “What- harl you got for that loan?” asked Clayton. “'Nothing, except a hea-B burden of sinking fund and intereß to pay for years to come. That- isß sample of Mr Lysnar’s wonderiß finance.” I

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/GIST19281112.2.29

Bibliographic details

Gisborne Times, Volume LXVIII, Issue 10741, 12 November 1928, Page 4

Word Count
471

BOROUGH MATTERS. Gisborne Times, Volume LXVIII, Issue 10741, 12 November 1928, Page 4

BOROUGH MATTERS. Gisborne Times, Volume LXVIII, Issue 10741, 12 November 1928, Page 4