LOANS TO LOCAL BODIES.

New Zealand Herald, Volume XLIX, Issue 15003, 27 May 1912, Page 5

LOANS TO LOCAL BODIES .

POSITION OF pO"DNTT , COtTNCILa, [BT TEIiKGBAPH. —PBBSS ' ASSOOTATIOSr.] "Wellington, Saturday. ; A deputation' headed by Mr. A, Jull (chair^ 1 man of the Counties' Association) waited ori the Minister for Finance (Hon. A. M Myers) r to-day. Mr. Jull said the deputation. 4jk sired to.place before the Minister tbsposi* tion of county councils with respect ta their inability to complete their road requirements on account, of not having sufficient facilities for borrowing money; ' They understood that the Department was agreeable to advance only to £5000 in respect of any one:, local authority, arid would like to Know! whether they might hope for. the amount to % - bo raised. '-;- ','"«' """, ,', ,• '~ "*'' ■■ Mr. Myers said it had been decided that applications for loans up to £5000 (alono, would be considered. In two years over * £2,000,000 had been advanced to local bodies.'* They '. would realise that no Government could grant ad lib. to any local authority. ' His sympathy was with settled* who'wished to obtain roads, bridges, and other- necessities. iftnd applications of that kind would be more favourably -considered than l&ota, f from me 'settled districts, for town halls, etc. He acluded by informing the nepu£&»i tion that nothing definite had Jet b.en, dew j ° idcd upon. ■■■ ■ •■ . »..p»i. laM .«t»« w »». w *,i,,, w mm*™***** I Jr |