Wangaual Harbor Bill.

Manawatu Standard, Volume XII, Issue 1747, 30 June 1886, Page 3

Wangaual Harbor Bill.

REPORT OP TH& LOCAL BILLS COMMITTEE. (SPECIAL TO aSBONIOLB.) Wellinliton, Tuesday. . The following report from the Local Bills Committee was read m the House to-day, on the Wanganui Harbor Board Bill. The Local Bills Committee to whom was referred the above bill; that the standing orders have been complied with, and they recomjnend that the bill be allowed to proceed." The committee | to state that the evidetice adduced shows that the ium proposed to' be raised, v|2f., £40,000, will be insufficient to make a harbour suitable for large vessels. The bill does apt ask for additional borrowing powefs,but that io order to secure the payment' of interest on the balance of loan to be raised, rates should be sanctioned.. The. main objection against the Bill is that part of (hg Rangiti&ei< coiinty A*i*h±^^*mmmm proppadd raliog^^^^^^^^^^^^H raittee, believe : ij^^^^^^^^^^^^^^| Raositikei disi^^^^^^^^^^^^^H of tlic rail wa-^^^^^^^^^^^^^^^H tSt constrnctj^^^^^^^^^^^^^^l not to the ex^|^^^^^^^^^^^^^^| a(td recomtnenu^NH^P^^^^^^l tills area loan extent no^™cM|^^^^J eighth of; a penny per nound^^^^H capital value. A provision should^H iiiserted m the bill that no interest om loans, and no current expenses save for construction purposes,, should be paid oit of the capital value of land endowments, or out of loans.-