THE DISCUSSION.

Taranaki Herald, Volume XLVIII, Issue 11697, 12 December 1899, Page 2

THE DISCUSSION.

PROPOSAL TO RAISE £60.000.

Mr Bellringer said tha Counril had every reason to feel gratified at the able manner ia which the atbitra:or had done his work One thing he would like to irunt'on before dealing with the Question was that some people had twitted him with bping antagonistic to the present gas works. That insinuation he denied. Some of tho members of the Gas Company were his best friends, but ui»hhim when it came to a matter of public good, frieudtlrp must cejse. In the prcsen* case he was actuated only by a desire to conserve and further the best interests of 1113 borough. Councillors woul 1 see that M r Mestayer had considered only two schemes* were practicable, and he • unhesitatingly prouounced wblh was the better of the tyro. Accordio? to that scheme something hke £20.000 wculd be required, which amount would allow prov;sion being made tor a new reservoir. The e'ectric lighting dts'gn would g ! ve 17,900 candle power, as against 1200 Uuder tha present system, in additun ti which there wou'd be from 800 to 1000 16 candlo power to be \»t privately; whilt thewate-workscchen-e^f .aniedinto elteuc, wjuU provide an ample service. ! he amouafc r. qaired for tbe two schemes wa3-£2 1,000 and say £2)00 topiy off tha prcstut overdraft, and £8)00 for street making in aU £31,000, in addition to tha £29,000 lepaymen' of the old loin. The interest wou'.d come to £2409 per annum, and as the present interest ia £1740, there would bo an inoi-ease of £660. f 0 meet this additional interest a saving could be effected a* follows ;— Repairs at present works £75 ; interest on present . overdraft, £100 ; Btreefc lighting, tay, £300; new street works now paid (vi of rates, £700 ; profit from lighting and motor power, £150 ; making a total of £132-5. The ealo of motor power and lighting would briDg in at leust £VSO-the report stated £1400, but he halved that estimate ; whi'e against this there would be expenses amounting to £600, made up as follows —Addition to present engineer's salary, £250 ; re» newa's, £100 ; depreciation, £250. Ia other words there would be an entire ; profit of £6GO, so that if it were thcughfc adviable the rates could ba reduced 51 in the £. After carefully considering the whole question and workings he was confident the raising of the loan would be a safe commercial t-ansaction, and wonld be beneficial to the borough in many ways; wo would have a better water supply aud better lighting, to say nothing of the improvement of property generally. Ha movei, that steps be taken to submit to the burgesses a pro-« po-al to raise £60,000— £2 1 ,000 for waterwoiks aud electiio lighting, £8000 for .street purposes, £2000 to pay off overdraft, and £29,000 to rep>»y prerent loan. Personally, he added, he di 1 not care whether tha loan was carriod or lost, but as a trustee and representative of the ratepijers he honestly and conscientiously believed it was a matter that should be submitted for their consideration. Mr Brooking seconded the motion. The Mayor suggested the desirability of separating the water and electric lighting proposals.

.Mr Ue'lringer: I can't Bgree with you there. The proposals should go hand in hand for if you have too many issues the ratcpayeia will get puzzled Mi ColHs wanted to know if provision hid been ma''e for draiasgo. Mr CellriDger: Wo cannot go into all details yet; tha money mist be voted fi -8t No one recognises the necessity of drainage more than I do, but whether this is an opportune time to deal with it is another matter. Mr Avery- considered the drainage question was most important of all. l Tho Mayor re iterated that he thought tha two questions — waterworks and electric lighting— should be- separated. Although a shareholder ia the Gas Com« pany ho only studied tho interests of tbo public, and the question was one that should be left entirely in the hands of the ratepayers. Ha had been talking to a gentleman that day who told him that the experience ie th 9 Old Country was that electricity was dearer than gas. Mr Lealand : Yes, but what is lln p ije of the gas?

The Miyor : I say whore the two are tried under similar conditions.

Air Bellringer remarked tint it waa fctranga so many towns should have adopted electricity. Me-s's Clow, Cattley, Stohr, and Brooking also spoke, and the motion was then put and carried.

The scheme '"Fiat Lux" was prepared by Messrs U. H. Metralfoand 8.1. Fenn, Auckland, who obtain the premium awarded by the Council "Verax'a" scheme was prepared by Mr J. Boylao, Auckland.

Mr Mestayer's estimate for improving ihe present waterworks systen is £5400.

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