EGMONT PARK.

Taranaki Daily News, 22 July 1925, Page 9

EGMONT PARK.

£5OO GRANT ON ESTIMATES. POWER TO RAISE LOANS. IMPROVING THE FACILITIES. (By Wire —Parliamentary Reporter.) Wellington, Last Night. Mr. S. G. Smith, M.P., has been informed by the Hon. R. F. Bollard that the Egmont National Park Board is empowered by section 29 of the Egmont Park Act to borrow, with the consent of the Minister for Finance, moneys for the purposes of erecting buildings, forming roads and other improvements. Such loans may be raised in the manner prescribed by the Local Bodies Loans Act without a poll and on the security of the board’s funds and revenues. The State Advances office is authorised to lend moneys for these purposes, and a loeal authority can make contributions to the funds of the Egmont National Park out of its general funds. Mr. Bollard went on to say that the chairman olf the board recently interviewed him with regard to the board’s financial position and retirements, with the result that the Minister has requested the Minister for Public Works to arrange for provision being made on the Public Works Estimates for a grant of £5OO toward the cost of maintaining the northern and southern roads to the mountain houses.