MEETING OF THE TE ARO FORESHORE OWNERS.

New Zealand Times, Volume XXXIII, Issue 5451, 16 September 1878, Page 3

MEETING OF THE TE ARO FORESHORE OWNERS.

A meeting of the Te Aro foreshore owners was held ou Saturday forenoon at the Chamber of Commerce. There were twenty-two.persous present, and the chair was occupied by Air. E. Pearce. Tho Chairman said that an agreement had been entered into between the owners of land on the foreshore aud the Corporation, bub it appeared that one of tho clauses in the agreement was somewhat’ ambiguous. There was evidently a misconception between the parties as to the precise meaning of tho agreement. All that the Corporation required originally was £lO per'foot on every street frontage, and that cross streets were also included. This he thought was uot intended, as some persons holding land at a cross street would have to pay for two frontages. He thought this was not meant when the agreement was entered into. The Corporation now required a lump sum of £45,000. He thought, however, that if the property holders would meet the Corporation half way a compromise might be effected. It was for the meeting to say what the maximum sum should be. Air. W. Taylor moved,—That if the Corporation will agree to that the words £ls, in clause 10 of the proposed new clauses, be altered to £lB, and the figures £45,800 iu subclauses A and F of clause 10 be altered to £IO,OOO, the opposition to the Te Aro Reclamation BUI lie withdrawn. Mr. Stuart objected to the motion, and thought that the amounts should be left to arbitrators. Alessrs. Archibald aud Cook also objected. Air. W. Taylor said he would be quite willing it it was tho wish of the meeting to •dter the figures in his motion from £lB to £2O. The Chairman said that he would like to know the utmost sum he would be required to pay. Air. O’Shea, after going into figures fully, suggested that the maximum sum should be £25. ( A number of those present objected to this, aud the Chairman took a show of bauds, which appeared to be equal. Air. W. Taylor remarked that the Corporation might probably get the Bill through the House in spite of them, and then they, would be much worse off than under the proposed agreement. As nothing could be arranged, Mr. Pearce left the chair, and the meeting terminated without anything definite having been done.