CORRESPONDENCE.
THE WATER LOAN,
(To the Editor of the Herald.) Sir, —This matter seems to be attracting some attention and I think it well may do so. We may very easily find ourselves saddled, as in the case of the harbor loan, with a very heavy debt imposing on us grievous taxation and yet failing altogether to accomplish the very end for which the debt was incurred.
I cannot help thinking that the ratepayers hardly realised how certain would be the increase of rates to provide interest whether they get the water or not. How certain the increase of rents because of increased taxation, and yet how uncertain nay (to my mind) how impossible to provide the works for which they voted for at the sum for which they voted.
Either the works must be greatly modified so as to become, from one point of view, absolutely useless; or else the sum to be borrowed must be largely increased. I respectfully invite those who with me will huve to pay the piper to give close attention to this matter and to exercise their right of being heard as to the tuuei that is called, otherwise they may find themselves dancing to a measure that will set their teeth on edge. If you will permit me I will address you again on this subject. W. H. TUCKER,
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Bibliographic details
Poverty Bay Herald, Volume XXIX, Issue 9487, 26 July 1902, Page 2
Word Count
226CORRESPONDENCE. Poverty Bay Herald, Volume XXIX, Issue 9487, 26 July 1902, Page 2
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