OAMARU HARBOUR DEBT.
IMPORTANT STEP SANCTIONED.
By Telesraph.-Special CorreßDondenU '■ ■ "'."":. Oamaru, November 29. :. Ule proposals, as outlined ini'heOsmeru Harbour Board Enabling Act, 1910, .'- empowering tie board to effecta comprpT '.Base with the debeniure-holdeirs-of one 'of its loans, and consolidate all its *i £f loans >- were submitted to a poll of h aaibonr ratepayers to-day with the re- "; .CTlt that the proposals were carried by , ■ 1177, votes to 238. As a!.result tho (board's indebtedness will be reduced by over £150,000, the, debenture-holders \ having agreed to accept £50,000 in full •.>Bett!ement of ckhns. Also, the ■receiver vf&hb has acted for the London deben-OTjrre-fcoldeiß since 1894, "will be remove/d. An adverse vote was cast at only tone polling booth in the district, the . Troting- at .all others being distinctly favourable, and in many places unani■jhous. This scheme for settlement was /.mitated by Mr. S, Miffigan, chairman I ■•. Of the board, during the passage of the !- Enabling Bill, and exerted interest 1 throughout the Dominion. •
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https://paperspast.natlib.govt.nz/newspapers/DOM19101130.2.43
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Dominion, Volume 4, Issue 987, 30 November 1910, Page 7
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160OAMARU HARBOUR DEBT. Dominion, Volume 4, Issue 987, 30 November 1910, Page 7
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