THE BOROUGH LOAN.

Feilding Star, Volume III, Issue 29, 23 September 1882, Page 2

THE BOROUGH LOAN.

.'•!■.. . . .' Now that the Borough elections are over, and municipal matters in a somewhat more settled condition than they were previous to the elections, we thiak it is *\ S~ f - . -- . .- • high time active steps were again taken towards Iringine the 1-oaH proposals before the burgesses. With the advent of new blood in the personnel; of the .Council, and the setting in of the summer months, the present is a fitting opportunity for the raising and expending of a loan in the Borough of Feiiding. We would suggest that the Council take the initiative -steps for raising a loan of £6000, for the purpose of street improvements, -channelling, lighting, and other urgent municipal requirements. The whole matter could be discussed in an impartial' and exhaustive manner at the Council table, and a schedule of wor- s prepared that would meet with general approval. A public meeting could then be convened, and the pr posals of the Council submitted for the consideration of the burgesses. We have little donb but that complete success would crown the efforts of those who undertake the inauguration of the loan proposals in the

manner indicated above. If the town js < to make any material progress and ad- ' vancement during the next few years, j apart from the position it must occupy | from Its immense resources and central, * position, a loan is absolutely essential to . enable such to be done. The Council now work together in perfect harmony , and good feeling — in itself a good augury for the future of our municipal matters — and once the initiative is taken, we are confident the Coun* illors will give their whole and undivided attention in order to bring the loan to a susccssful issue. With the security the town is in a position to offer, there should be little or no difficulty in raising our loan at from 5 5 to 6 per cent. It is needless for us to refer at length to the many advantages that would accrue to the town from the judicious expenditure of a loan in constructing and improving our streets, channelling and kerbing the same, together with proper lighting accommodation. Besides adding to the value of town and suburban properties, the improvements we have named would effectua'ly remove the possibility of any further sneers being levelled at the present appear nee of the town, and also ', prevent those unfavorable comparisons so frequently made by visitors between Feiloing and other towns on the West Coast. We commend our remarks to the Council, in the hope that that body will take prompt and united action toj wards the successful raising of the Feild- ; ing Borough Loan.