AVOID A NEW RATE.

Otaki Mail, 14 August 1922, Page 4

AVOID A NEW RATE.

t'.Y VOTING Full i'OWEK LOAN ON TUESDAY. ; A "Mail''' represent ii live wus iu j . io- aied mi .Friday thai a good deal of ' iijisuudersiaruling exists in the couni r.\ disiricis in regard io me rating i possibilities under Hie Horowheiiua r.ieririe-jiower Board's loan proposals, ii being though! thai ii the loan is sanctioned the rate struck ol two-thirds ui a penm in the i'l will forthwith be collected. This is, oi course, a firstcJass lallacy. The rale was made siin|.h because ihe Board has io give security under Ihe Ac I lor the payment Of iuiercsi and sinking fund on the loan' ii is raising. The prospects oi the I money ever being collected are so re-;! mole as io be entirely inconsiderable..' The I'ower Hoard will be able to pro-; vide tor iis initial expenditure out of ;j ihe l".m an i die work done for it will ; be productive ol revenue immediately ' il iciii ic iiower i- available from \ Maiigiihao. The loan differs Iroin an ; .iid.u,'ii\ local body's operations inas-j much as it will be wholly reproduc- j nve, and. no ratepayer need fear iliat j by vutiug lor the proposal he or sbe. j- adding io the burden oi rales and i laxes. • i 1,, t-hc other hand il Ihe loan is rejected, ibeie l- an ab ehi;,. certainty Iha.i eveiv property in ihe Power Lji'ilid'.i UiiirL. W.ii iu-.\e to pa:- Us share of the expense already inclined The Board, tu bring matters to their pi'esent position had to incur certain preliminary liabilities and to engage an engineer to advise them as to the amount ol money required and on oilier technical point.-. That course i was necessary under ijie Statute, and if the ratepayers, through apathy 01 shortsightedness, now refuse their sanction, additional and absolutely waste!ul expenditure in the way -ol | scrapping ihe present arrangements j \ ,eel oi compensation will be unavotd- j i ui,!, . null would fa'.i eventua i> upon j i ihe piopei ie- in the district. We do ic think, however, thai the j inner argument is one thai need be j ( :,-,.,!, bin' ii i- only lair that the rate- . payers should vote on Tuesday with j •lieir eve- ..pen to the possibilities in j ; lion 'lea and Nay. Hitherto no Power District in the i Ii inioi, has voted against the loan, j on the contrary, the ratepayers have welcomed the development by over- j whelming majorities, and those that i have reached the stage where ihey can : n,ju\ lire ellicieiii y. cleanliness and ; labour-eaiicelling benehts ol tlie new | ;oive have had no reason to regret j ~,,!,. enterprise. Some typical in- j sialices oi the voting in other places; are given below, in ihe hope that, these j : (- will be equalled or exceeded by ihe ratepayers ol the Horowhenuu , ,n Tuesda\ next:— For. Against. IV Aw.-mmtu. fl-JD.i'O :«0 0 ( anibnd-e. CCO.OOU '-S'- 1 3 Thiimes Valley. £2oo.omi 150:'. 0 Asßhurtoll. t:3P6,(XiO 1590 96