The Manawatu Standard (EBLISHED DAILY) TUESDAY, AUGUST 28, 1883. A BOROUGH LOAN.

Manawatu Standard, Volume 4, Issue 227, 28 August 1883, Page 2

Manawatu Standard (EBLISHED DAILY) TUESDAY, AUGUST 28, 1883. A BOROUGH LOAN.

By our telegrams , m yesterday's issue, it is seen that the Gaversham ,6 per, cent, municipal loan of £20,000 has been floated m London at par. This should be encouraging news to Palmerston ratepayers. There is no reason , why: Palmerston should not go direct to the London market . for . v ■ loan of £20,000 org *yen 4e3p,Q00. .The, latter amount would be none too large for our requirements or resources.' l We' venture to say that a Borough loan for £30,000 could be floated m London, without: difficulty, were the matter gone the right way about, and ; were the status, position, and surroundings of ' the .Borough, properly set fbrtti.' We oould tnen 'pay/ off our /lexia'tingT &c* bentures, and have a sum available, that; should obtain for th 6 town the priceless. _booa._ Of, a water sup- ' ,ply, and, complete our requisite and m fact indispensable drainage scheme. We ' ; tftfst that . immediately the : new Councillors are elected, the question of the Borough 'fipancoß^'wHlo.engage'v.its..' earnest attention, and the advisability' 6f offering' debentures "for ai; Borough Loan m the London market will be care* fully considered. Surely we have as good security, to offer as the:suburb'~pf Caversham, which has floated its loan without difficulty. The question is,ione well worthy the, serious consideration of the, burgesses, and also of our 'City' Fathers. 7; ,■ „■ ,!L ■'■ ii'.T ■'r-.^v- -^