WATER AND DRAINAGE.

Manawatu Herald, Volume XLII, Issue 2176, 14 September 1920, Page 3

WATER AND DRAINAGE.

At last night’s Council meeting the Mayor said that he had noticed b\ n newspaper report that the Go-vernor-in-Conneil had approved of the Stale Advances OJlicc granting the first ,€IO,OOO of the water and drainage loan for Foxton. The Council had not yet received any official intimation from the Department to this effect, but he presumed this would come to hand in due course. In connection with the spending of the loan money a great responsibility devolved on the Council, and he would use his best endeavours to see that the money was raised in the most economical manner possible, and spent to the very best advantage. If the whole of the money was obtained from the State Advances Office at 4-i per cent., plus 1 i percent. sinking fund, as against 5-Vper cent, and one per cent respectively from the Public Trust Office, it would mean a saving to the ratepayers over the period of the loan of no less than £25,000. This was a big consideration. Every effort should bo made to get the money through the State Advances Office,and ho was prepared to go to Wellington and use his best endeavours with the Superintendent of the Department to got the whole of the money from (hat source. Only £lO,000 could he lifted in each financial voar, hut this would not delay the work. Air Climie, the engineer, was prepared to come down and make a commencement with the work during the first week in next month, hut, of course, before anything in this connection was done it was essential that all the financial arrangements should be first completed. Councillors were unanimously of cpinion that it would lie wise for the At,-i.vor to go down to Wellington and interview the Superintendent of the State Advances Office and endeavour to gel a promise of the whole of the money required from that source, and the following motion was carried: That Ihe Alayor proceed to Wellington to interview the Superintendent of the State AdvancesOdice re securing the promise of the whole amount of the loan in order that the work will not lie interrupted owing perhaps to the bal:mce of the loan money being delayed. and in the event of such a promise being obtained, that the agreement witli Climie and Son be entered into forthwith.