HARBOR WORKS
NAPIER BREAK WATER That there is every prospect of the harbor development works at Napier being completed in three years, as against four and a-half years originally estimated; that £IOOO per. year would be saved by the conversion of the hoard’s loans recently completed, which, capitalised over 18 years would amount tn £(iß,lst); that the contract, for the extension of the mole at the breakwater, recently let, had brought a saving of £SOOO on the figure estimated by the engineer when the proposals were submitted to the ratepayers, and that the interest rate at which the loan of £.105,000 had been obtained would save £41,000 to the ratepayers, formed the outstanding features of a brief address which was delivered by the chairman of Die Napier Harbor Board, Mr. Trevor M. Geddis, to a gathering of businessmen of Napier who met to bid him farewell prior to his departure for South Africa as one of New Zealand’s representatives to the Empire Press Conference.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19341218.2.7
Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18583, 18 December 1934, Page 2
Word Count
164HARBOR WORKS Poverty Bay Herald, Volume LXI, Issue 18583, 18 December 1934, Page 2
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.