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
321The 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
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.