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Timaru Herald, Volume CXLIII, Issue 20929, 7 January 1938, Page 1

PUBLIC NOTICES TIMARU HARBOUR BOARD HARBOUR IMPROVEMENT LOAN PROPOSAL PUBLIC MEETINGS OF RATEPAYERS Will be held as follows: Parish Hall. Geraldine: Tuesday. January 11. Colonel K. Mackenzie. Albury Hall: Wednesday, January 12. Mr D. C. Kidd. Mt. Nessing Hall: Thursday, January 13. Mr D. C. Kidd. Burkes Pass School: Friday, January 14, Mr D. C. Kidd. Full discussion and questions answered. Photos and maps. TIMARU HARBOUR BOARD PROPOSAL. TO RAISE A LOAN TO BE CALLED “Harbour Improvement Loan. 1937” UPON WHICH A POLL WILL BE TAKEN ON THE 9th Day of February, 1938. IN pursuance of the Timaru Harbour Board Loan Act, 1929, and the Timaru Harbour Board Loan Amendment Act, 1937, notice is hereby given that the Timaru Harbour Board proposes to borrow, under the provisions of the Harbours Act, 1923, and its amendments, a sum or sums not exceeding in the aggregate £242.000, for the following purposes as set out in the schedule to the Timaru Harbour Board Loan Amendment Act. 1937. which details the sum proposed to be borrowed for each purpose. £ Repairing and Extending of the Eastern Extension Works 10.000 The Rebuilding of the North Mole 81,675 The Purchasing of Two Electric Cargo Cranes and the necessary Strengthening of the No. 1 Wharf to Carry these Cranes . .. 19,000 The Dredging of a new entrance Channel and Swinging Basin and such Dredging (not being ordinary maintenance dredging) as is necessary to keep the Port open during the progress of the works 66,040 The rendering of the Seaward End of the new North Mole 2,000 The Overhaul of the Dredge “No. 350” prior to the commencement of the works 5.000 Obtaining, erecting and constructing all such plant, cranes, dredgers, material, sheds and work of every description as might be required for the purpose of the works .. .. 38,870 Cost of raising the loan and contingency fund . .. 19.415 The cost of raising the loan will be paid out of the loan, but the interest and sinking fund for the first year will not be paid out of the loan. The interest and sinking fund on the loan shall be secured in the manner provided by the Timaru Harbour Board Loan Act. 1929, and the Timaru Harbour Board Loan Amendment Act, 1937, which provide that where the Harbour Fund shall be insufficient to pay all expenses incurred by the Board, and all interests and sinking funds payable by the Board, a rate, to the extent of the deficiency, may be levied by the Board upon the rateable value of all the rateable property in the Harbour District and the proceeds of such a rate shall be applied towards payment of the annual charges on this loan. Provision for the repayment of this loan will be made by establishing a sinking fund calculated on the amount to be raised of not less than one pound (£1) per centum per annum for the first fifteen (15) years and five pounds four shillings (£5/4/-) per centum per annum for the following fifteen (15) years which rates will be sufficient to redeem the full amount of the loan within its term of thirty years. The term of the loan wiil be 30 years and provision has been made to renew the loan at the end of the first 15 years. Timaru Harbour Board, W. T. RITCHIE. Chairman. F. METSON, Secretary. January 7, 1938. BUSINESS NOTICES URGENT NOTICE BOTTLES BOTTLES BOTTLES ”pURN your empty Beer Bottles into Cash. Highest prices given No quantity too large or too small TIMARU BOTTLE EXCHANGE, ’Phone 550. Bank St., Timaru. TALBOT TAYLOR PAINTER AND PAPERHANGER, FOR RELIABLE SERVICE REASONABLE PRICE. 7 MOWBRAY STREET. TIMARU A NEW SUPPLY DALE CARNEGIE’S “HOW TO WIN FRIENDS AND INFLUENCE PEOPLE” Over 500,000 Copies of this Book have been sold. It is written to help people to 01. their problems in human relationship NEW EDITION. NOW 7/6. P. W. HUTTON & CO., BOOKSELLERS & BOOKBINDERS