The Feilding Star. THURSDAY, MAY 10, 1883. The £6OOO Loan.

Feilding Star, Volume III, Issue 102, 10 May 1883, Page 2

The Feilding Star. THURSDAY, MAY 10, 1883. The £6000 Loan.

« Notich i* given by the Mayor that a meeting of the burgesses will be held at the Town Hall on Saturday , evening next, for the purpose of considering and discussing the loan proposals. As a schedule of the works on which the money is likely to be expended has been published in accordance with the Act, and no adverse criticism has been evoked, either in the Horough Council or in the public Press, it is to be presumed that, on on the whole, they meet ihe views and requirements ofalarye majority of the burgesses. We have reason to believe that very few, W any, alterations or amendments will be suggested to the measures put before the meeting. It will be the object of the Mayor and other speakers to explain how much money is to be expended on each particular street, and in what proportion the burgesses will be rated to pay interest and sinking- fund to wipi off the debt; so that there can be no possibility < f misunderstanding on the polling day, and that no ratepayer can afterwards complain that he voted in the dark as to the obligations he was undertaking. As tho business to be considered is one involving tbe expenditure of large sums of money, the earnest attention of those wbo take part in the proceedings will be expected, and no proposition should be made or supported without due consideration being given to the different bearings it may have on the question. As has been repeated, almost ad n-iuseum. the £6000 loan is of vitwl importance to the Borough of Feilding, and on its raising and expenditure a great deal of the luture prosperity of the Borough will depend. It must also be remembered that the improvements of the streets and roads will be an inducement for new residents to come amongst us, and that every new ratepayer assists to lessen th • burdens ot the majority of the bu gesses. The value oi occupied sections would also be largely augmented, and sect ons now vacant would be rapidly built on by the new settlers that ure certain to flock in to add to the daily increasing prosperity ot the Borough and surrounding districts. According to the Act of 1876, clause 141, which says, referring to proposals for a loan: "The Mayor shall call a meeting of the burgesses for a day, not more than ten days after the L'st pub* lication of such notice, to consider the said proposal, and shall preside at such meeting ; and after due discussion of the proposal, the Mayor may irive notice that a poll will be taken thereon." It will thus be seen that the businees of the meeting will bj simple and easily conducted. The main question can only be decided at the polling booth.