MUNICIPAL BORROWING.
TO THE EDITOR OP THE PRESS. Sib,— l quite agree with your correspondent, Mr J. P. Jameson, with reference to the municipal offices and water supply, and I think every ratepayer who will_ take the trouble to turn the matter over in his mind will do the same. The question is can the limited community who pay rates_ in Christchurch afford to borrow and pay interest on the enormous sum necessary for the stupendous waterworks and elaborate town hall in contemplation. My answer is no ; and I I think I will be backed by a large section of the ratepayers. At the present moment we are literally eaten up with rates, so much so, that I’ve heard many persons say if the Council were to borrow those large sums to carry out such gigantic works, they would sell out, as there would be no living_ in the place for rates, and I think there is some truth in the statement.
We have plenty of pure spring water in Christchurch at the present moment, and £BOOO or £IO,OOO would build handsome and suitable Council offices, and thereby lighten the already overburdened ratepayers. Yours, &0., Batkpayeb.
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Bibliographic details
Globe, Volume XXII, Issue 1878, 1 March 1880, Page 3
Word Count
196MUNICIPAL BORROWING. Globe, Volume XXII, Issue 1878, 1 March 1880, Page 3
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