THAT HARBOUR BOARD LOAN.

Dominion, Volume 4, Issue 934, 29 September 1910, Page 4

THAT HARBOUR BOARD LOAN.

-/:■-./■— ♦ NOTICE OF A QUESTION. : Notice of motion ..concerning certain, unauthorised loan' negotiations appeared, not for the first time, on the order paper of tho Harbour Board at its meeting last night, under tho name of Mr. J. G. ilarknesss. When the, item was reached, Mr; Harkness said'he was sorry,that the member concerned had. again absented himself, rather than stand up to the position. . . ■ ' : The chairman (Mr.' R. Fletcher).: Mr. ilacdoriald is very unwell. . Mr. Harkness then withdrew his notice of ;motion, .aad' gave notice of, the ..following questionV—"Was the/ resolution passed by tho board .in committee, on July 7, 1909, on the proposal to raise,a. 'loan of ,£500,000 in London, , conveyed to the' National Bank, of; New, Zealand, Wellington, in the -exact terms -.agreed ,upon, and' was 'tho'.'board- advised,, that tfo bank, as agents, -forVtho /Wellington Harbour.' Board, transmitted "the, - - above ■resolution' to the London branch without modification?" ' . The following is the resolution referred , to' in .the above question;—" That the National. Bank of New. Zealand, Ltd., be instructed sto cable ..'to y its ' London office that ' - the .. .Hon.,, 'T. ; Kennedy,: Macdonald has -no authority: in : any way to. represent the 1 : Wellington .' .Harbour. Board' financially, and that the offer con-' veyed by Bank cable of Juno 28 be declined, the .board not .requiring'money at present." /,' 'i-, '// 'The .notice, of. motion which was ,:withdrawn, as stated'above,' was to ask the board: to reaffirm this resolution.