Thames Hartor Board.
A meeting of the Thames Harbour Board was held this morning. PresentMr Davies (in the chair), the Mayor, Messrs Wilson, Ehrenfried, Osborne, and McGowan.
The Chairman explained that he had called the meeting for the purpose oF laying before it the following memo, from the manager of the Bank of New Zealand with reference to the financial position of the . Board :—" The Chairman Thames Harbour Board.—Dear Sir,—The following is the reply from my Inspector just received by wire :-—" Decline further advances. Amount already excessive.—T. L. Muuhay, Manager .Thames Branch."; A telegram had been received from the Hon. Mr Sheehan, which he was sorry to say was equally un satis factory,. Mr F. 0. Dean, in reply to a question, stated that if he could .get £350 at once he could stave off the difficulty for a fortnight or three weeks. £550 would still remain to be paid. ■ i Mr Ehrenfried : Our income is about £1300, and our working expenses are £50 a month, or thereabouts, which would leave us an equal sum to the good. Could not that sum be devoted to pay off this amount?
. Mr Dean said that the monthly income was not regular. Sometimes £76 were got in, and at other;times only £26 or so, although at the end of the year the income was about £1300. a •
The .Mayor taid that the consideration of the matter should be deferred until another reply had been received from the Goverment; ; )'■ - :, .r j
The Chairman did not coincide with the suggestion. The Board should look the matter full in the face. jr •!- -::( \■"■'■'' '; J
Mr Ehrenfried : How would it do for the members to become sureties to the bank for the amount of the liability.
The Mayor • and several members thought this would not be a judicious proceeding. ;■"»•■• -r-;::. ,-.,;.•.•; .. i J( i ; . j Considerable conversation ensued, in which the action ■of the Government in not handing over the foreshore before now was strongly.deprecated. It was resolved, on the suggestion of the Mayor, to adjourn the .meeting until to- morrow morning, by which time it is thought a reply will be received from the Government
with reference.to the guarantee.
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Bibliographic details
Thames Star, Volume X, Issue 3129, 27 February 1879, Page 2
Word Count
361Thames Hartor Board. Thames Star, Volume X, Issue 3129, 27 February 1879, Page 2
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