WELLINGTON CITY LOAN

Hawera Star, Volume LIV, 2 March 1935, Page 5

WELLINGTON CITY LOAN

BOARD REDUCES AMOUNT. MODIFIED SCHEME. (By Telegraph—Press Association.) WELLINGTON, March 1. The Local Government Loans Board advised the Wellington City Council to-day that its proposal to raise a loan of £159,000 for street work, stormwater drainage and other urgent works could not be approved for that sum. The board was prepared, however, to .sanction a loan of £IOO,OOO. The council, therefore, whittled its original schedule to bring it within the board’s requirements and the proposal as amended will go to the ratepayers. The loans board considered the time had arrived when sealing and footpaths works should not he done out of loan money. In consequence such items should be excluded from the loan proposal. It also objected to the proposed sewerage works at Breaker Bay os the cost was high in comparison with the value of land to be provided with sewerage. Labour councillors protested against the board’s attitude and the Mayor, Mr.-T. CL Hi si op, considered the period of some of the loans much too short, 25 years being much too brief. Decision to apply to the Local Government Loans Board for authority to raise a loan of £30,800 to provide the city with tepid baths and Turkish baths was made by the city council today. The proposed swimming bath will be 100 feet by 50, with slipper baths and Turkish baths. It will be situated in Wakefield Street.