HARBOR BOARD.

Oamaru Mail, Volume XXXVIII, Issue 10630, 6 December 1910, Page 1

HARBOR BOARD.

To rho Kdi ioi. . Sir, —Now that the voting is over and ■the result deckued, 1 presume the much-maligned bondlioldcr, who lias hithcrto,,remained .silent, may he permitted to. say .something in his own deThe oppositionists .appear to have centred their abuse upon lus devoted hciijd, and after all, what has he: been guilty oi? Merely purchased a few bonds which he thought weie fairly cheap in the open market and at the advertised price. So far as I am aware none of the bondholders have interfered in the negotiations between the Chairman of the Board and,the Cli lirman of the Bondholders', as most of those here who accepted the compromise and signed the, fleed w ere of opinion that by holding oil till the due date oi the fust moitg-igq Joan, in 1913, they would 01 could li«i\e obtained very much belter tci ins thin they were nowwilling ,aud had agieed to take. The holdefs lesident i|i the Dominion have reallv nidircctl\ issis'ted the Board to set m oidei and shake oil the rccpwci ,i\ bolli they and the Board Jia\ c found him a most expensive being ,i slur upon tile whole "cphimumU The bondholders have nothing to fh .nh him for, as he has been well l)<ud ioi all he has done and we aic ell h ipp\ to be able to wish him a cordi il t,o"c' b\e As for the people who have been advocating repudiation, those interested have gauged their value and laughed at them, as tliev have only been exposing their ignorance. If the position had been reversed, I make bold to say that those,same repudiationists are just the people, who, Shylock like, would have demanded; their pound of flesh and accepjt&d,nothing short of 20s in the £ — V Sin''Sic'.','* _.„, i BONDHOLDER.