POOLING BOROUGH LOANS.
: 9 : — WANGANUI PROPOSALS. (By Telctrraph.— Special Correspondent.) Wanganui, Juno 10. The Waiiganui Borough Council, nt a special meeting' last night, resolved unanimously in favour of ' promoting legislation to enablo the 'pooling of various borough loans; Tho present position is that the old portion of tho "norough and tho amalgamating suburbs have each a number of special loans for works within tho respective areas, in addition to other loans, the burden whereof is distributed among all of tlwm. Tho ntrtv proposal is that' nil should jointly bo a burden of one big loan, which it is proposed to substitute for the thirty-two existing loans, thus saving. considerable oipense in administration, and ensuring better working' of tho borough finanoes. The new arrangomoht will' greatly improve the position of the suburbs in regard to rate liability, while imposing only a fractional extra liability on tho old ;portion of tho borough.
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Dominion, Volume 6, Issue 1773, 11 June 1913, Page 7
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150POOLING BOROUGH LOANS. Dominion, Volume 6, Issue 1773, 11 June 1913, Page 7
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