THAMES HARBOUR.
PETITION TO BOARD. £60,000 LOAN. By Telegraph.—Press A.FKneialion. THAMES, Wednesday. A special meeting of the Harbour Board was held yesterday to consider a petition of ratepayers of the Thames Borough to form a special rating area as security to raise £60,000 to make a harbour, signed by over 000 ralepayers. The Board' gave the fullest consideration, and unanimously passed the following resolutions: — (i) That the Board approves of the formation of a special rating area, comprising the Borough of Thames, for the purpose of providing interest and sinking fund upon a loan of £60,000, for carrying out the scheme of harbour improvement already recommended by the Board's engineer. (2) That the Board is agreeable to continue port charges on the present basis, subject to such amendments as may from time to time in its opinion be necessary and expedient. (3) That the Board undertake to pay interest and sinking fund on the said loan out of ordinary revenue so far as such revenue in the ordinary course of business will permit, and collect the balance only by means of a special rate within the borough. (4) That the Board grants the prayer of the petition upon the above conditions, and instructs its solicitor to at once take steps to secure the necessary legislation.
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Waikato Times, Volume 97, Issue 15270, 21 June 1923, Page 7
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215THAMES HARBOUR. Waikato Times, Volume 97, Issue 15270, 21 June 1923, Page 7
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