Page 6 Advertisements Column 1

Hawke's Bay Tribune, Volume VI, Issue 177, 10 July 1916, Page 6

HASTINGS BOROUGH COUNCIL.

In the matter of “ The Local Bodins' Loans Act, 1913,” AND In the matter of a proposed Special Loan of £B,BOO.

riIHE Council of the Borough of Hast- -■- ings hereby give notice that the said Council propose to borrow by wav of Special Loan within the meaning of “ The Local Bodies’ Loans Act, 1913,” aud under the authority of “ The Municipal Corporations Act, 1908,” and its amendmeuts the sum of £B,BOO to be expended for the following purpose, namely:—

For the purchase and installation of a new Diesel Engine and Generator, Switch Board and Instruments, Fuel Tan]t with Motor. Pump, and Piping, Engine Lathe and Chuck, Extensions to Power Station Building, Foundation for and lost of erecting Plant £8.120 Contingencies and cost of rais-. ing the Loan £6BO £B,BOO

The Council propose to pledge a Special Rate of | of a penny in the £ on the rateable value, on the basis of the Unimproved Value, on all rateable property in the Borough, as security for the said Loan and the Interest thereon, and for a Sinking Fund of 1 per cent. The Interest will be at a rate not exceeding Five and a-half per centum per annum.

It is proposed that the whole amount of the Loan shall be repayable at the expiration of a term not exceeding Thirty-six and a-half years, computed from the date of raising the said Loan. It is proposed to pay out of the Loan the cost of raising the Loan. It is NOT proposed to pay out of the Loan the Interest and Sinking Fund for the first year. PERCY R. PURSER, Town Clerk. Hastings, June 19, 1916. •

HASTINGS BOROUGH COUNCIL. In the matter of “ The Local Bodies' Loans Act, 1913,” AND In the matter of a proposed Special Loan of £13,600. ' tTVHE Council of the Borough of Hastings hereby give notice that the said Council propose to borrow by way of Special Loan within the meaning of “ The Local Bodies’ Loans Act, 1913,’’ and under the authority of “ The Municipal Corporations Act, 1908,” and its Amendments, the sum of £13,600, to be expended for the following purposes, namely Sewer Extensions, Pumping Station and Contingencies, including the purchase or acquisition of lands through which to lay any portion of the said Sewers .... £5,300 Less amount on hand for that purpose £1,200 £4,100 Water Extensions £8,450 Interest and Sinking Fund for the first year and cost of raising the Loan £1,050 £13,600 The Council propose to pledge a Special Rate of J ot a penny in the £ m the rateable value, on the basis of die Unimproved Value, on all rateable iroper... in the Borough, as security for the said Loan and the Interest -hereon, and for a Sinking Fund of One per cent. The interest will be at a rate >ot exceeding Five and a-half per centum per annum. It is proposed that the whole amount >f the Loan shall be repayable at the sxpiration of a term not exceeding Thirty-six and a-half years from the late of raising the said Loan. It is proposed to pay out of the Loan the cost of raising the Loan and the Interest and Sinking Fund for the first j year. PERCY R. PURSER. Town Clerk- | Hastings. June 19, 1916.