FINANCE AND ESTATES COMMITTEE

Hutt News, Volume 3, Issue 5, 26 June 1930, Page 7

FINANCE AND ESTATES COMMITTEE

The report of the Committee was as follows:— Widening Brunswick Street. —Your , Commitee has to report that it has been asked to re-open negotiations for the purchase of Mr Mouat's property -with a view to completing the widening of Brunswick Street. As the price asked' is only £25 under that at which it was offered two years ago, and is far above the Committee's idea of the value of the property, your Committee has replied to the effect that it is not prepared to consider the matter until the property is offered at a price which it-considers is nearer its true value. Mr Mouat'a i front fence is encroaching three feet on Brunswick Street and he has been served, with the necessary notice ordering the I removal of the fence to its proper ; alignment. Widening Bandwiek Road. —Your Committee has to report having received a communication from the Hutt Park Committee suggesting that,_in consideration of the Committee dedicating 16ft 6in. along the whole, of the western frqnt- | age of the Park this Council should provide a fence 7ft high of concrete and brick with entrance.gates, and meet the reasonable requirements of the Golf Club including the cost of any alterations necessary in the golf coiirse lay- . out, and also to bear the cost of any validating legislation necessary. It wiH be remembered that an agreement was arrived' at whereby this council, undertook to erect a corrugated iron fence and your' Commitf;ee now has to recommend that this Council undertakes to give the i estimated cost of the galvanised iron ' fence to the Hutt Park Committee aa its , share of the cost of the erection of fche fence desired. ;Free Ambulance .Legislation.—The Wellington Free Ambulance seeks the approval of Council to an- Empowering ■ Bill similar to that of last year, which will enable this Council to contribute up to £200 per annum, and your Commitee has to recommend that Council accord its approval of the proposal. Fire Prevention .Loan. —In. order to meet the purchase price of the section which it is proposed to buy for a substation site in Hawkins Street out of tie *Fire Prevention Loan, your Committee has to recomineno) that steps .be taken under Section 47 of "The Finance Act 1929" to obtain the authority of the Local Government Loans Board to apply portion of this loan to payment for the section. . Proposed £65,000 Loan.—Your Committee has to report that it has jreceived, advice from the Loans' Board that it is prepared to extend the £30,000 .portion of the loan, which covers the . tar sealing work provided for, from seven years to ten years. This woulci involve a payment of 13f per cent for ten years on the £30,000 portion and 7J iper cent for thirty years on the £35,000 portion, meaning that the standing charges fox interest and sinking fund on the whole loan would be £6,650 per annum for ten yeais and £2525_ for a' further twenty -years. In view of the above circumstances your Committee has to recommend that Council take no further steps . regarding the placing of these proposals before the ratepayers. ■ Cr. Grierson stated that, the maintenance of the macadam roads would be a great liability on the Council. The upkeep would be enormous and) some policy should; be considered. Donnelly's Corner.—7-A .suggestion has been made that Donnelly's corner might be let for the erection of advertising hoardings and your Committee has therefore to recommend that those firms doing this? class of business be invited to tender for the advertising rights on this section.