THE ELECTRIC LOAN.
We notice that several of our contemporaries have fallen iuio error with tv gmid to the proposal lo light tbe Borougij o£ teHding with .> (.-muit), and have repuitetl tue mat. . -a - iv be shelveu because the Cuuucil couid not burrow suiiicitsut money, i. -■ i- upL Lo give a laise impression, i.v ..n.-iu in poiuc ol fact ihe Council li •. . < il> i> oi lour or live Diu-es the amount numrtd. Where the orouble lay was in the cucumstancethat tbe Special tiating District was not large enough to supply iliu annual amount required by law. 1 lio Act makes it compulsory that an amount equal to the revenue of four years only can be bor rowed on the security oi tue rates voted by the burgesses. Wlk v the boundaries of the Special Rating District were denned that important factor was over- , looked.
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Bibliographic details
Feilding Star, Volume XVIII, Issue 35, 10 August 1896, Page 2
Word Count
144THE ELECTRIC LOAN. Feilding Star, Volume XVIII, Issue 35, 10 August 1896, Page 2
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