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SUBSIDY SUSPENDED

GREY HARBOUR

BOARD RECEIVES ADVICE.

(Per Press Association Copyright.) GREYMOUTTT, December 21. Definite advice has now been received by the Greymouth Harbour Board that the Economy Commission’s recommendation for .the suspension of the Board’s £12,000 annual subsidy from th e Government is being carried into effect. The following letter relative to the matter was received from the Prime Minister ait laut evening’s meeting of the Board:

“With reference to the representa-

> tions made by a deputation from the Greymouth Harbour Board which waited on the Hon. Minister of Marine i and myself on October 12th., I have now ito inform you that further consideration has been given to the decision of the Government to withheld the isuLisidy of £12,000 for a period for two years. It is regrettable that in the present state of Government finances it is impossible to provide for payment on account of subsidy during the present year, and as your Board has considerable reserves which can be made available for current expendi- ' ture in the meantime, it hais been decided! that the subsidy of £12,000 shall hot be payable for this financial year. Your Board may rest assured that the question of providing the usual subsidy for the next financial year will be sympathetically considered by the Government although at 'the moment in view of the uncertainty | of public finances, I am unable to maike a definite commitment. If, however, you will submit a 'statement of your Board’s affairs as at 31st. March, 1933, the question of subsidy on itlie year ending 31st. March, 1934, will be definitely decided. This decision should not result in any curtailment during the present financial year in the construction programme to which your Board is working.- (Signed) G. W. Forbes.” The 'Chairman (Mr P. J. McLean) said .that it was to be regretted, but the Government appeared not to be able to pay its just obligations. The ■ Government stated that it was evident the Board had sufficient money to carry on for the present year. It was a matter affecting the district generally and it was most regrettable that the Government could not adhere to its agreement. It was purely and simply repudiation. He had personally put in a. dot of work in regard, to the recovery of the subsidy. It wais a pity that they should ( lose it. Board might consider calling a special meeting in the New Year to discuss the matter.

Mr J. Ryftll suggested that the Board should take back control of the Brunner railway, owing to the Govern, ment taking away the subsidy. On the motion of Mr J. Tennant, it was decided to make a further protest, against what was considered to be the repudiation of a contract

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HOG19321221.2.34

Bibliographic details
Ngā taipitopito pukapuka

Hokitika Guardian, 21 December 1932, Page 5

Word count
Tapeke kupu
456

SUBSIDY SUSPENDED Hokitika Guardian, 21 December 1932, Page 5

SUBSIDY SUSPENDED Hokitika Guardian, 21 December 1932, Page 5

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