THE HARBOR LOANS.

Oamaru Mail, Volume XXXVIII, Issue 10539, 22 August 1910, Page 4

THE HARBOR LOANS.

To the Editor, i Sir, —There is a slight mistake in the P"U name of your correspondent "Rodney Stone."' It should have been 'Rotten Rock" (easy crushed). Tokarahi farmers do not question the ability of the Hoard's hanker, but. on the contrary. they consider lie should advise the Hoard no other way. knowing the result financial and otherwise of the Hoard's reckless plunging. They have confidence in the Bonn! and its revenue. and it is not likely that when tile loans are coming due they will he able to get a fresh loan without some better security. Likewise of the many misstatements and blunders of late years the ratepayers have lost confidence in the Hoard as at present constituted. and while the farmers are milking their cows and counting their flocks they have a perfect right to consider before it is too late, to ascertain if it is safe to take over the whole of the Hoard debt to the amount of 10 per cent, of their labor in the present deplorable state of the harbor —a debt the ratepayers are neither legally nor morally liable for. If the Hoard has t • rely for support on writers like "Rodney Stone;" they may safely pray save i us from our friends. —I am. etc., LOUIS DASLER.