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Nelson Evening Mail, Volume XIV, Issue 99, 26 April 1879, Page 2

As will be seen by our report, the City Council last night decided, by the casting vote of the Mayor, to postpone for a time the proposal to raise a loan for public works within the town. The decision was arrived at in consequence of a communication from their Bankers, advisiug them that in the present state of the market it would be impossible to obtain the money at the highest rate of interest allowed by the Act, namely, 7 per cent for par. It was therefore thought that it would be folly to appeal to the public to sanction a measure which they had been warned could not be carried into effect. The intention to abandon the proposals was disclaimed by all the Councillors who took part in the discussion, and it was expressly stated that as soon >as a favorable opportunity offered itself the matter would be formally brought before the public. The Customs receipts for the week ending this day were £539 9s 9d. The cook at the Telegraph Station at Cable Bay, a man of the name of Johnson, when out goat hunting yesterday, fell over a cliff and sustained severe injuries to his head and was otherwise much shaken and bruised. He was brought into town by Mr R. Donaldj of Happy Valley, and taken to the Hospital, and we understand that there is every hope of his recovery. We learn with regret of the death of Mr Riley, senior, of Golden Bay. The deceased who was 76 years of age had lived for over 24 years in the district, where he bad gained the respect and esteem of all his neighbors. A correspondent sends us the following from Takaka :—A public meeting of the ratepayers of the district, convened by the Road Board for the purpose of couaidering the best meanß of raising funds to construct the proposed tramway, was held at the Court House, Takaka, on Monday last, Mr John Cann in the chair. .There was a large muster of the ratepayers" present. Mr W. Page Chairman of the Road Board, explained the action which the Board had taken in the matter, and produced a survey and working plan and estimate of the proposed line, made by Mr E. Walker, of Takaka, who set down the estimate of constructing the line at about £8,000 —Mr A. M'Farlane said that it could not be doubted that the construction of the proposed tramway would be a great benefit to the district, but he felt sure it would not allow the rates to be mortgaged for the purpose of laying the tramway. He thought a company would be the best means of constructing the line, and therefore proposed: " That the Road Board be empowered to treat with a private company for the tramway and constructing the line." Seconded by Mr John Lindsay. —Mr Nicoll proposed an amendment to the effect that the Road Board be empowered to borrow money for constructing the line, with the view of keeping the tramway in the hands of the ratepayers. The amendment fell through for want of a seconder. Mr Macfarlane's resolution was therefore carried, Mr Nicoll being the only dissentient.—A considerable number of ratepayers addressed the meeting, all supporting Mr Macfarlane's resolution, and condemning the idea of mortgaging the rates for the tramway. After a vote of thanks to the Chairman the meeting closed.