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Manawatu Standard. (PUBLISHED DAILY) Suivant la verite. TUESDAY, AUGUST 7 1883. A BOROUGH LOAN.

I *o deoide whether it would not be a wise thing to do, to float a xJorough Loan for say J-BO.OOO— we state that amount as a basis of argnment— out of which to pay off pur present debentureholders, and exp.nd the balance on Borough improvements; ppentpg up and metalling new streets, initiating a water supply, prosecuting much needed drain* age, ajicU<^eiKsimilar works, •There hean now-be^- io*- <Jaestion as -to the Latability,,and. substantiality of the town, and district ; and it . is equally certain that we are m a better position to pay interest on the larger amount mentioned above, than we were to bear the burden of the original loan floats some five or %»&, '.p..'«.f_.......,^. . ..... '■ .-•-..:. .-,. six years ago. We think on thiß point there wifl, be nq : diversity of opinion; On Thursday we published a statement, m the form of a report submitted to the Borough jCouncil at its last^. meeting," showing^tbnt the original loan was expended m the opening up; construction, and improvement of over 30 miles of streets !' Thiais sufficient testimony as to the^manper of its expenditure. We voriture^o Wpress au a opinion that the sum mentioned is not too large for oar requirements, ana further that a loan for that amount ..can. be fidatedl without difficulty. /Weyjommend the question to the oageral'consideration of thelrate-l payers and.* their- representatives, m the Borough Council, and snail be pleased Vo afford 'ventilation for correspondents' views dhithe Subject 'm these columns.

|Wb think the time -will soon arrive when the Borough Council and the burgesses of Palmersfqn must begin to consider, from a praotical stand-poipt, the advisability of obtaining another Borough Loan, I>> is a question that had better be deferred until the elections | are over, but it fa one that may be disN ' ensued with perfectpfbprfetf now, or at ' any time. It will be for the ratepayers

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS18830807.2.5

Bibliographic details

Manawatu Standard, Volume 4, Issue 207, 7 August 1883, Page 2

Word Count
321

The Manawatu Standard. (PUBLISHED DAILY) Suivant la verite. TUESDAY, AUGUST 7 1883. A BOROUGH LOAN. Manawatu Standard, Volume 4, Issue 207, 7 August 1883, Page 2

The Manawatu Standard. (PUBLISHED DAILY) Suivant la verite. TUESDAY, AUGUST 7 1883. A BOROUGH LOAN. Manawatu Standard, Volume 4, Issue 207, 7 August 1883, Page 2

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