COSTS £20,000 UP

Poverty Bay Herald, Volume LXIV, Issue 19364, 30 June 1937, Page 5

COSTS £20,000 UP

WAITEMATA COUNTY ROAD NEW FINANCE NEEDED (Special to the Herald.) AUCKLAND, this day. The estimates of the cost, of the proposed highway from Castor Bay to Long Bay having been exceeded by £20,000, making the cost £48,000, the Waitemata County Council decided at a meeting yesterday to approach the Government for legislation authorising any difference in cost which might have been occasioned by labour awards and to submit a proposal for the balance of loan money required, £SOOO, to a further poll of ratepayers. It was explained at a meeting that last September the ratepayers of the Takapuna riding authorised the raising of a loan of £7200 toward the construction of the highway. The balance was to be contributed by the Main Highways Board. The Local Government Loans Board granted the final authority subject to approval of the plans by the Highways Board. The Loans Board advised yesterday’s meeting of the council that the estimate for the work by the county engineer, Mr. L. J. Faram, on which the loan was based, would appear to fall £20,000 short of the sum required, £48,000. The matter had been investigated by the board in conjunction with the Highways Board. The hope was expressed by council members that the work would be put in hand immediately. The council was assured that the extra amount would be forthcoming.