TRAMWAY EXTENSIONS

Taranaki Daily News, 3 September 1929, Page 11

TRAMWAY EXTENSIONS

WESTOWN' ROUTE PROPOSAL

ESTIMATED COST OF £11,200.

APPLICATION TO RAISE A LOAN.

DUPLICATIONS ON MAIN ROUTE.

In accordance with the rules of the Local Government Loans Board, the New Plymouth Borough Council resolved at a recent special meeting to ask the board to give favourable consideration to a proposal to raise a special loan of £11,200 for the purpoes of. extending the Westown’ tramways from the present terminus near the junction of David and Tukapo Streets to the borough boundary, and to carry out street ■work incidental to the laying of the tramway extension. In the event of the board authorising the work and the ratepayers subsequently confirming the matter at the customary poll, it is proposed to spend £9600 on the actual tramway extension and £l6OO on the reconstruction of the roadway and footpaths in -Tukapo Street over the length covered by the extension.

Those present" it the meeting comprised the Mayor (Mr. H. V. S. Griffiths) and Crs. F. Amoore, J. Brown, J. W. Darby, F. J. Hill, R. J. Pentecost and P. E. Stainton, an apology for absence being received from Cr. G. M. Spence. Cr. Stainton recorded his vote against the tramway being extended in Tukapo Street beyond Omata Road. It was also resolved to apply to the Loans Board for sanction to take a poll on the question of raising a special loan of £5500 with the object of constructing duplications of the tramway track on the main route along Devon and St. Aubyn Streets. The terms proposed by the council in regard to the raising of both these loans are that their currency be to April 1, 1953, that the rate of interest he not in excess of £5 10s per centum per annum, and that the sinking fund be two per centum per annum. It is further proposed that the cost of raising the loans be paid out of the loan moneys but not the interest ana sinking fund for the first year; that the security for the £11,200 loan be one-sixth of a penny in the pound on \ the unimproved value; and that the security for the £5500 loan be onetwelfth of a penny in the pound on the unimproved value.