BOROUGH OFFICE LOAN.
CTo the Editor!. Sir,—There lies before me the Mayor’s circular concerning the above proposal. The need of some better accommodation is very forcibly put, and the fact that the borough, is beholden to the Mayor in office fpr the security of valuable plans is not dignified. The financial arrangement is sound in providing a sinking fund for the extinction of the . debt within a definite period. There is, however, a weakness in the method of meeting the incrased annual cost of the new office. The circular states that the Council is now saved £3OO per annum in'the cost of its water supply, and that part of this can be applied to meet the interest and sinking fund. This is a somewhat spacious method. One wondeps how many other ratefree necessities or luxuries can* be provided out of the water account. The Council’s duty is to first reduce the water rate in proportion to its lower cost to the borough, then to place the new loan before ratepayers entirely on its merits, and to strike and collect the rate necessary for the office accommodation in view. Such a method would be both fair, and businesslike to the burgesses. RATEPAYER.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HPGAZ19250731.2.12.1
Bibliographic details
Ngā taipitopito pukapuka
Hauraki Plains Gazette, Volume XXXVI, Issue 4859, 31 July 1925, Page 2
Word count
Tapeke kupu
201BOROUGH OFFICE LOAN. Hauraki Plains Gazette, Volume XXXVI, Issue 4859, 31 July 1925, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Hauraki Plains Gazette. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in