THE Marlborough Times PUBLISHED EVERY MORNING. FRIDAY, AUGUST 12, 1887. Borough Finance.

Marlborough Daily Times, Volume X, Issue 193, 12 August 1887, Page 2

THE Marlborough Times PUBLISHED EVERY MORNING. FRIDAY, AUGUST 12, 1887. Borough Finance.

Ilrs Worship tho Mayor is of opinion tliat any ordinary ratepayer whoso simple business is to pay his dues and loolc pleasant, has nothing whatever to do with tho calculation of Borough loans. But we are in a position to enlighten hifli. Last night was tho absolutely last occasion upon which the Corporation could conclude its bargain. Everything is in order, and better works no Borough could possibly, wish to possess. But, personal animosity, private jealousies, have prevented tho purchase being completed. The urfortunate ratepayers who do not burn gas, . hut who haveyto P a y their share towards the loan, should have a word to say in this,matter. Their opinion admits of no doubt. The intention of tho Gasworks purchase was that the loan should be paid off by moderate instalments, and it is not creditable to some of our Borough Councillors that they advocate a repudiation of the original bargain. There is only one way out of the difficulty. A fair offer has been made, and the money is available to-day. Tho Council is in this position. No bank in tho world will advance them tho money they want at less than 7 per cent; and, judging by the non success of the Hastings Loan, no proposal without a sinking fund has the least chance af success. Our City Fathers should call a special meeting, and reconsider the matter.