ONSLOW WATER SERVICE?

Dominion, Volume 6, Issue 1610, 29 November 1912, Page 4

ONSLOW WATER SERVICE?

- '■ Xi' " ' RATE OF NEARLY ONE PEN-NY IN ARecently the Onslow Borough Council resolved to get its engineer (Mr. Ri;\ S« Rounthwaite) to report on a proposal to; furnish the borough with a water service. .Last night Mr. Rounthwaite's report vraa presented to the council. ' . Mr.- Rounthwaito tabled a plan, - 6iiowing a system with 13$ miles of mains...--He said that tt he had been assured that, til© . provision of a water eervicc must nave; the effect of reducing the fire insurance-, ""As to the cost of such a scheme,to ilia 'ratepayers," ho concluded, "X would-like,, to add that with an unimprovedrateable - value of, say, .£234,000 (including..Bangv-". ora Avenue aud district), the annual ; cost, for interest and sinking fund on a loan o£ ■ ,£13,750 would be about £687, or equal to a rate of eevenpenoe/or less three farthings in tho pound. which,:.as far ,ts. I, nni able to judge, will be . a remarkably. low rate for the advantages ncoraiagcquivalent to about 17s Od. per annum on . , an unimproved value of .4300. Tho Mayor (Mr. F. lioldsworth) said, tlint tho engineer had reckoned on money.,. foiiur available at 1 per cent., but, it'was . well-known that the money would not cost less than 5 per cent. So the rate would.be iust under one penny, in the ..pound..,-:: The report .'*P« referred to a- special y ;.:. committee. :■ '■