LOAN FOR STREET WORKS

Press, Volume LXXI, Issue 21412, 2 March 1935, Page 14

LOAN FOR STREET WORKS

<» REDUCTION MADE IN AMOUNT ASKED WELLINGTON CITY COUNCIL'S APPLICATION (rKBSH ASSOCIATION TELEGRAM.! WELLINGTON, March 1. The Local Government Loans Board advised the Wellington City Council to-day that its proposal to raise a loan of £159,000 for street work, stormwater drainage, and other urgent works could not be approved for that sum. The board was prepared, however, to sanction a loan of £IOO,OOO. The council therefore reduced its original schedule to bring it within the board's requirements, and the proposal a? amended will go to the ratepayers. The board considered that the time had arrived when sealing and footpath works should not be done out of loan money. In consequence such items should be excluded from the loan proposal. It also objected to the proposed sewerage works at Breaker Bay, as the cost was high in comparison to the value of the land to be served by the sewers.

The Labour councillors prptested against the board's attitude, and the Mayor (Mr T. C. A. Hislop) considered Ihat the period of some of the loans v/as much too short. 25 ye-jrs being much too brief. A decision to apply to the Local Government Loans Board for authority to laise a loan of £30,800 to provide the city with tepid baths and Turkish balhs was made by the City Council to-day. The proposed swimming bath will be 100 feet by 50, with slipper bc.ths and Turkish baths. The buildin;; will bo in Wakefield street.