Page 9 Advertisements Column 2

Free Lance, Volume VIII, Issue 383, 2 November 1907, Page 9

MIRAMAR BOROUGH COUNCIL. PROPOSED SPECIAL LOAN OF £71,000. To be floated locally (or otherwise;) by the issue of Debentures under the provision! of " The Municipal Corporations Act, 1900," " The Local Bodies' Loads Act, 1901," and the several Acts amending the same respecticely. rTIHE MIRAMAR BOROUGH COUNCIL X. hereby gives public notice that such Council proposes to borrow, by way of Special Loan within the meaning of " The Local Bodies' Loans Act, 1901," and of all other powers (if any) enabling the Council in that behalf, the sum of £71,000, to be expended on the undertakings hereunder set forth : — UNDERTAKINGS. Providing a Water Supply for the Borough .. .. £23,000 Providing a System of Sewerage for the Borough . . . . 25,000 Street Improvement Works . . 23,000 • £71,000 The Council proposes to make and pledge an annually recurring Special Hate of 34d. in the £ on the Rateable Value (on the basis of the Unimproved Value) of all rateable property within the said Borough as security for the said Loan of £71,000 and the interest thereon and the sinking fund in connection therewith. It is proposed that the whole amount of the Loan shall be repayable on the expiration of a term of twenty-six years, computed from the Ist day of December, 1907. It is proposed to pay out of the Loan the cost of raising the Loan, and the first year's interest thereon. Dated at Wellington this 21st day of October, 1907. R. E. BENNETT, Town Clerk. NOTE— The above notice will be published in each week for four successive weeks, and a meetmg of the Ratepayers will in due course be convened for a day not later than 10 days after the last publication to consider the above proposal. R. E. BENNETT, Town Clerk.

AUCTION SALE. PRELIMINARY NOTICE. CHASE MORRIS & CO. WE will sell by Public Auction, on behalf of Miramar, Ltd., early in January — That portion of MIRAMAR NORTH situated to the North of Wonderland. This land is now being roaded, and, in accordance with recent Borough requirements, the streets are of 66 feet formation, together with two footpaths, curbing, channelling, &c. We would draw public attention particularly to this land, and court ample inspection of it as it is without exception the finest residential area in Miramar. In addition to the attractions of Wonderland, a large private hotel, containing thirtyeight rooms, is being constructed on this block, and it will always be the most favoured part of the Borough. We also have in hand a scheme for the construction of a cable tramway from the centre of this basin to Olive Bay, to connect with a ferry service that will carry residents to and from the city. The capital necessary for the construction of this route will be put together before the sale comes on. By this route residents will be able to reach Wellington in half the time occupied by the ordinary route, so that, in other words, they will be half the distance from the city as compared with other parts of the Borough. Numerous opportunities will occur this summer when visiting Wonderland to inspect this land, and we again strongly advise intending investors to do so if they are desirous of purchasing land in this most favoured locality. CHASE MORRIS & CO. Auctioneers, Sharebrokers, Land and Commission Agents, 1 and 2, SOUTH BRITISH BUILDINGS, Lambton Quay. Telephone 2459. Box 132.

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