THE BORROWING POWERS OF HIGHWAY BOARDS.
I nR borrowmjt powoM proposed fo be given to llig.iwav Boftrds is, perhaps, tho most important lenture of Mio bill now before the Provincial t oiuun!. It. is unquestionably a great extension f tue system winch is on all sides confessed to nave done an immense deal of good. It i« regarded differently by the members of the Cmunoilaceurdmg to the position of the Highway Boards in their respective districts. Some members loos upon it us a very mixed ad vant age for, they naturally distrust the prudence cd oil!eial activity. But tho lender will have something to saj- before ho parts with his money, and the result wid turn entirely upon tha security to bo offered i hat til era are some may districts where tho security to be offered will be of the highest kind cannot be doubted. The power to borr -v will be an immense boon to Highway Boards in such pieces, \Vo assume of course that the question of borrowing, both in rospovt to tho amount to bo raised, and the object for which tho loan ia contracted, will bo in every ease referred to tho collective decision of the ratepayers. 2fetv Zealand Herald.
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Bibliographic details
Bay of Plenty Times, Volume II, Issue 182, 3 June 1874, Page 3
Word Count
205THE BORROWING POWERS OF HIGHWAY BOARDS. Bay of Plenty Times, Volume II, Issue 182, 3 June 1874, Page 3
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