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GARDEN PLACE HILL

HAMILTON BOROUGH PLAIT LOAN PROPOSAL APPROVED [from our own correspondent] HAMILTON, Wednesday Advice was received by the Hamilton Borough Council this evening that the Local Government Loans Board hid sanctioned the council's scheme for the raising of a loan of £77,500, subject to the approval of a poll of ratepayers, for the removal of Garden Place Mil. The term of the loan will be 33 years, and the rate of interest 3J per cent. Ratepayers within a prescribed area, roughly bounded by Hood, Anglesea and Bryce Streets, and the Wai-. kato River, will be entitled to vote on the proposal. The scheme involves the purchase certain private properties o£ the hill, the removal of the hill, the Jajang oat of the levelled area in streets and footpaths, and the erection of conveniences. A previous proposal for a more comprehensive scheme respecting the hill was submitted to the whole of the ratepayers of the borough and was rejected. '' r-«•. • •.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZH19380224.2.50

Bibliographic details

New Zealand Herald, Volume LXXV, Issue 22971, 24 February 1938, Page 11

Word Count
161

GARDEN PLACE HILL New Zealand Herald, Volume LXXV, Issue 22971, 24 February 1938, Page 11

GARDEN PLACE HILL New Zealand Herald, Volume LXXV, Issue 22971, 24 February 1938, Page 11