THE OAMARU HARBOUR BOARD

Oamaru Mail, Volume I, Issue 46, 14 June 1876, Page 2

THE OAMARU HARBOUR BOARD

-•{j-ROM THE " TIMES " OF ToSfety A deputation OarAaru iJa^wmr Board, consisting" of SteAvardfl^|l?;C. t and Eorreller, yeskerdayk-|vaital the SupeVintendent. " ** exiflatneVl that it wa|J§i mteiit!Bpif daripg tp^ifi^^ hiWe jr"lm^as^l produced oja ' sd| Sfmnal borro^^^^o^fe .'sp c.uld raise money. TJ,ejf;.j» ! rft^i^>iif Tt ihat suitable land foKJra could T» obtained in the distr|J!§ ifcelf .\ The Boarl had power to borrowjpa P.QC'O,Y>f which bub it had already &JHI3C)- \lhit the ti maiuing £65,000 vr(£»j| |\°* sufficient to complete the desired to obtain powers to th& extent of an additioha€PK|so,oUo, letting thfe £65,000, which had hop yet bap raised, lapse. They wanted |c 'obtain hffi Honor's assistance in regard to fcl e Bill, whftth was to be introduced by the l<?c; J members. His .Honor „said tlife |act was then, that the Board thought it woxild be better able to raise the money required if they had a lauded endowment in addition to their present, pro- 1 perty. What was the inaomeof the Board! Mr. Steward ; Fully ;|.7,.51Q0 per annum, but on the completion! of additional shipping facilities, it will no idoiii>t increase ifllfSOti'

more. I " His Honor said that lie took a great; deal of interest in the Oainaru Breakwater, as lie thought it would he the means of forming* splendid harbour there. The idea of. a land endowment was a very wide question, but he considered that the Gototment would be perfectly justified in. granting an endowment for -a work o? that kind. As a member' of tl c House y£ Representatives, "the bilL providing foi.- increase! borrowing powers I would have, his support. He referred feo the i ict a£ the request .of .the-Board being an exceptional one,.anil „satd ifv it'were not/for such being the case, in : the event of the fishes o* the Board being "s&eceded to, the vrfr.ous othsr harbours, ill the •"Province would also be pni ting similar claims. Tlie felufi' Ha -hour rewired extended wharfage/ but that was. work whicti should be paid out of n venue, whereas ifc the case of Oaniaru the re\ euue- would not be; sufficient, and a/loan must _<ehad recourse to. \' Mr. ilEiiic s;iid that th ) Waitaki District; raised fully onsj-half of tin cereal produce of Otago. The grain would be for the most part exportedjfand if the shipping facilities at'Oamaru weic carried 011, the expense of carriage woulfl be lessened and the blocking of railway lilies obviated. The-works for which the loan was reqilin d wore absolutely necessary. / His Hoxok : I have n :> doubt but that Oamaru will] eventually be the outlet for the southern portion of Canterbury, and the jaction of the Board has mj sympathy. It' s ' gi question f of expediency at the presentmoment if |he Board has nc t sufficient power* to carry tlife work on. II is probable that the General Arseinbly w 11 be opposed t«' granting fresh powers. '\ ■ .-. ■■■'.; Mr. STEf/AKD said the Board #Auld M have occasion to expend t' te whole"iTl ; s(h,* at,once, bus their idea ws 3 to borrow oyer' £IOO,OOO, sV> that the loan might be quoted on the Lonaon Stock Exchange. His HonAr : There havL beeti sonie stiff gales of la*. Has the weather made any impression ob. the works ? I Mr. M"&k\: Not the slightest. In addition, some six or seven crdi'ts, including * vessel of 400 tons, have been moored to the wharf in perfect safety. I Mr. Steward also : remarked, in proof of the stability of the Breakwater, that the)' had employed on it the largist steam crane in the world, except one at Calcutta, ft worked with perfect smoothness. His Hoxor : I suppose thei.daputation referred to an endowment of jjwsfcoral land —

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