HARBOR BOARD EXPENDITURE.

Oamaru Mail, Volume XXXVIII, Issue 10502, 9 July 1910, Page 3

HARBOR BOARD EXPENDITURE.

By Telegraph. (From Our Own Correspondent.) Wellington July 8. The Prime Minister sounded a word of warning this evening against tlie tendency of some harbor boards to bor row enormous sums of money tor works that might not be necessary for thirty or fortv vcars to come. In this wa> thev raised the rates oil the consumers and the shipping companies. Those in i ontrol of harbor boards should exercise a little more caution than liMbeen shown in the last few years and should pav more attention to the results or the development-of railways, which were brining into active operation new ports that had not been competing with tiie hrcer ports previously. He m'Kht instance a southern port that had had at one time a practically unassailable position but had suffered a great- diversion of trade in the last, ten or fifteen years, brought about by the development- ot railways- The boards therefore should be more circumspect regarding their financial undertakings.