LOCAL BODY LOANS
CONSENT OF RATEPAYERS MINISTER’S OPINIONS (Par Press Association.) CHRISTCHURCH, this day. In a letter to the United Burgesses’ Association, the Minister of Finance, the Rt. Hon. J. G. Coates, states that in general terms he is in agreement with the proposal that local bodies should not be empowered to raise loans without the consent of the ratepayers concerned. The legislation providing for loans for the relief of unemployment being taken without a poll of the ratepayers had expired, and would not be renewed. There were, however, certain cases which, on the score of urgency, did not require to be submitted to a poll of the ratepayers. An example was a loan for sanitation works essential to the health of the community, and he thought, that it would he a retrograde step to amend the law in this respect. There were some other instances where the law provided with sound reason for the raising of loans without a prior poll, and the renewal of loans must necessarily be .freed of any restrictions in that respect.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18180, 30 August 1933, Page 7
Word Count
177LOCAL BODY LOANS Poverty Bay Herald, Volume LX, Issue 18180, 30 August 1933, Page 7
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