DRAINAGE OF TEMUKA EAST.

Temuka Leader, Issue 10283, 12 January 1922, Page 2

DRAINAGE OF TEMUKA EAST.

POSTPONED FOR TWELVE

MONTHS,

‘ A public meeting or ratepayers in- , in the formation of the. pro- * posed drainage area on the East side of the Borough was held in the k Council Chambers, Teniuka', last € 3 Tuesday evening, there being pre-' \ sent. His Worship the Mayor (Mr T, Guumon), Mr E.' B. Cooper (Town 1 Clerk), Messrs G. Proudlock, Oughton, Colville, Hartley, W. Hewson, ■ Longson, Evans, and several others. Tue Mayor said he was sorry the . meeting was not larger. When they held the last meeting it was decided * , . so on > but they had met with an oostcide in the form of property in . - the proposed, drainage district on winch they could not levy a rate, and « state of things until the law was altered. As things stood now, he was afraid that to go on would mean too much expense to s those who would pay the rates. ‘lf the ratepayers wished, however,' the * .Counci would take the poll. The L > drainage was wanted, the only dues-. tion was whether, at the present y time, the ratepayers who would be served would be willing to pay the .r rate that .would be necessary. hlr Evans asked the Mayor: to give '’* n f'he meeting an idea of .the capital } “ value; of jhe property in the proe posed drainage district, and the rate that would be necessary to provide ,r the interest on a loan. ; I Tkb Town. Clerk said the capital I value of the property in the district- _ I was ££47,875,. the property exempt w from rates in that district was valued at £17,085, and this left property liable to taxation to the value of £30,790. The interest on a £4OOO loan at 4? per cent, would be £224 is 6s Sd, and a rate of l|d on £30,790 o; would bring in £232 10s 6d. The h rate would require to be one and n thirteen-sixteenths of a penny in the n £. That would mean a drainage 11 rate of £3 15s 6d on a proper# is worth £SOO. 2 The Mayor said the figures given 11 did not include the expense of make. ing the connections and if Mr Colville said that would mean i- an expenditure of £ls. is The Mayor said it would probably - d lie £2O or £2l, judging by the ex- .. m perience they had gained. 11 v In reply to Mr Evans, the Mayor ■ i- said he did not think the owners of : 11 exempted properties would have a e, vote if a poll wore taken, id To’Mr Colville, the Mayor said f 4. the owner of an unimproved section si in the drainage area would have a , - e vote. !d Mr Proudlock said under all the - s. circumstances, and in view of the money market, he did not think it would be any great hardship to postpopne the matter for, say, sDr or twelve months. The Mayor: Is that your feeling, gentlemen? Does what Mr Proudlock has said express your feelings? io Mr Hartley said he thought so. He . e- saw no reason why the matter could .. ig not be postponed for a time. ie Mr Proudlock said there was an- ■ o, other point. If they were to borrow a- the money now, and the rate of ines terest was to fall in a few months, c- they would still have to pay the high rate of interest until the end of the J. term for which they raised the loan, n- On the motion of Messrs, Proud- ; of lock v and Evans, it was decided to hold the matter in abeyance for 12 • mbnths. This resolution was carried unanimously. Mr Proudlock moved a hearty vote.• f (1 of thanks to the Mayor and Council 1(> for calling the meeting and enabling • the ratepayers to express their ■ opinion. This v - as seconded by. Mr y \[ Hartley and carried, and brought.tl\a . A meeting' to a close. ; • •