The Borough.

Manawatu Herald, Volume III, 14 May 1891, Page 2

The Borough.

Every statement published by the Borough of Foxton \s full of interesting and most satisfactory information. We not only find a revenue of a substantial amount, but we notice also that a spirit of cautiousness pervades the transactions of the Mayor and Councillors, so that instead of having, at the end of the financial year an overdraft, they have secured a credit balance of £277. May this cautiousness be always in force, as the frittering away of £20 or £30 a year in Bank interest to secure the temporary expenditure of two or three hundred pounds, is a vicious and most prodigal way of living. The different accounts are all in the same pleasant state of being in funds. The Cemetery account having a credit balance of £23, and the Reserves account one of £36. The statement of assets and liabilities is also correspondingly satisfactory, our assets, in the balance sheet set forth, are £276 more than our liabilities. We owe, however, some portion of £367, the greater part of which has been paid, and the remainder has only to be liquidated at the rate of £18 7s a year. The Borough holds as trustee for the inhabitants, not as an endowment, 886 acres of land, a large part of which is planted with ornamental trees, and receive from the use of them an income of £82 15s. Credit must be given to former occupiers of the Council and Town Board for securing the foundation of this prosperity, and which we believe will be ungrudgingly given. Those now in office, and who may follow, have the responsibility of retaining and improving the position. We want, however, more public spirit in our public men, more like that which was displayed at the early start of this settlement. We have before said, that the Borough Council has more to do than simply administer its revenue, it is the representative body of the town, and should urge upon the proper authorities every work that is imperative for the advancement of the district and the welfare of its inhabitants. < It is in fact our local parliament.