FORTUNATE OAMARU.
BIG REDUCTION IN KATES. [Per Press Association.] OAMARU, Last Night’. A special meeting of the Oamaru Borough Council last night, in view of the solid position of the municipal finances, decided to make a reduction of 3d. in the £ on rates. This concession, with one per cent, lower water rate, gives approximately a reduction of 5 3d. in the £. A further substantial reduction could have been made, but the council decided to provide out of revenue £2OOO for additional electricity plant and another £2OOO toother capital works, thus obviating the necessity of raising a small loan. The borough valuations (annual value) are now £82,000, being a 50 per cent, increase since 1914.
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Manawatu Times, Volume XLVI, Issue 2644, 12 May 1923, Page 5
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114FORTUNATE OAMARU. Manawatu Times, Volume XLVI, Issue 2644, 12 May 1923, Page 5
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