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Wairarapa Daily Times, Volume LX, Issue 9345, 16 April 1909, Page 4

We believe that the present administration will have "a walk over" in the coming biennial election for the borough of Masterton. A large section ot the ratepayers believes iv its business capacity; Another section holds the opinion that it is courting disaster, aud that if given a little rope it will come a financial "cropper" in the course of tho ensuing year. We have taken some trouble to ascertain the present fiuaucial position, aud our conclusion is that it is iv '\ ino.ro niauagoable condition than it was a year ago, aud we regard the anticipated cropper as highly improbable. If in the year ]«.)()»-10 tho overdraft has to be reduced out of rates, the rating will be heavier than it ought to bo iv a time of dtvprossiou. If on tho other liaud the administration exercises its statutory privilege of wiping out the overdraft in another way, only* a moderate rate aud a prudent administration would be necessary. Financially the .Borough has been sick, but there are now unmistakable signs of convalescence.