CITY COUNCIL.

Nelson Evening Mail, Volume IX, Issue 171, 21 July 1874, Page 2

CITY COUNCIL.

A special meeting of the City Council was held on Monday eveniug, to consider the question of the transfer of '- the Gas aud Water Works from tlie Government to the Corporation, which will date from the first day of the preaent month. The accounts, as submitted by the Government to the Corporation, showing the liability which the City Council will have to undertake, miy be briefly summarised as follows: — V £ Loan under Waterworks Act, 1866 20,000 Loan under Nebcin City Loan Act, 13' I ... _.«J ... 30,0 JO Total liability ... 7.. £50/ 00 being for Water -Works, £28,000 ; for Gasworks, :£22,000; 7 making in all £50,000. There s« ill remains unexpended on Water Works a sum of £2,766 13s 7d,' and on Gas Works £2,140 18^74 iv all £4,907 12* 2d to be deducted^ from the loans raised as above, less ip terest accrued to the 30th June last about £900. The Council will therefore have to raise a loan to purchase the entity Water Works plant, &c., the Government being -responsible. . for, the „ payment pf the debentures raised under the Act Jof 1866. The Council will also have to undertake the responsibility of the payment of thedebentures issued under thai "NelsooJ-City Loan Act, 1871," which are secured on city rates. The lands, buildings, . plant, and materials belonging to the Gas * Works and Water Works will necessarily have to be conveyed to the Corporation by deed as soon as the Council are. enabled by an Act of the General Assembly to raise a sufficient sum to purchase the same from the Government. The Council have engaged Mr Gbulstone, of the Bank of New South Wales, to go : over the accounts as submitted by the . Government, and as soon as the arrangement is completed as to the amount tb be -paid by the Council,.. the entire works will be handed over to the City Council should the General Assembly pass tho necessary Act. We (Express) havo a. letter to" hand from a reliable source which states that the Turner, Gold Mining Company, after crushing for twenty days, commenced clearing upon the Ist instant. About 120 tons ibf stone were crushed, which have yielded 96ozs 9Jwts ogrs. of retorted goldi This is considered to to be a favorable return,, and? fairly payable. The N.Z. Times say b j:^-It is stated on reliable authority, that a prominent and wealthy citizen is prepared, to take over the New Zealand Steam Shipping Company's fleet of steamers for £60,000, which indicates a firm faith iu7 the value of the vessels themselves and ihe prospect of a profitable trade for them on the coasts of this" Colony. vWhati-. ever may be the results of the forthcoming meeting of shareholders^ which promises^ to be a very turbulent one, there is little doubt that the proprietary of the Vessels will remain in Wellington. ' '•"" v ' ' y^y , The streets of Auckland appear to bp rather muddy judging, from the/fallowing paragraph from the 1 Herald:— A resident in West-street writei~t_at while himself and family were at' sapper last evening they were alanaddrby

'hearing piiercin* cries of distress^ w_rajfc N ' «Rpu rushing from the door>tb% foula to proceed frdm the lungs of ad unfortunate itinerant glazier, who, rlsh msn , aa^io w^as, at^eppWH to cros^ll atreS, I and heiice got stuck jast in the rair^ day. SeveraK_efghborß coming to^j his assistance, a rope was procured which was thrown lasso-like over his 7 h r aa * an* alippedvunder his arms, and js9° ifMh » strong pulley-haul-away, ho-yo boys, this individual was rescued from imminent danger of suffocation. - Captain Robßob,T)f Cape CrmpboH,"iff.* forms us (hat he fears there has been another wreck in that locality lately. He ;. a Jiy B : : JJ7~ < '.P n . nay return from Flaxbourne yesterday (July 10), I ifound^ atouT thirty feet of a small vessel's m°:Bt i>n the beach about two miles south of theligKthbuseU It had not been long in the water, and was about a foot in diameter; . eight feet from tbe hull toi where it" passed through the dock, and from the; deckio where it broke off, twenty feet.' -T- Express. ... . 7J L J ',7 .7 7 -■■■ ne Auckland Herald 'says ':"— Apriyate letter from WeUVngtou speaks; of an early dissolution as probable. The grounds of the opinion are, that the Southern provinces in their present, flush of Wealth and prosperity would strongly support the Ministry, and that the time is therefore most favorable, for the purpose., If deferred till after nest session— when the term of the present Assembly expirea-r-a risk of the Government becoming less popular would have to be run. Wool or grain might fall, or some hitch ie the Public Works policy take place, or soma, unforeseen change of public opinion on some leading question be brought about. It is' therefore considered probable that Ministers Wiil take the first favorable opportunity of raising some distinct issue on which an appeal can be made' 1 to the country, and dissolve accordingly. We Bhould not bo at all surprised at this surmise proving comet. '*