Board Sanctions Tram Extension Loan

Sun (Auckland), Volume III, Issue 630, 5 April 1929, Page 11

Board Sanctions Tram Extension Loan

BUS SCHEME REJECTED AVONDALE ISSUE DEFERRED Two alternatives will go before city and suburban ratepayers when the Transport Board puts forward its loan proposals to the electors early in May. The Local Bodies Loans Board, at a special meeting yesterday in Wellington, approved the loan proposals with two exceptions. The Transport Board is now taking the preliminary steps necessary to the taking of the poll. The alternatives will bo: No. 1: A proposal to borrow £250,000 to cover the first portion of a two year programme of extensions and purchase of new tramcars; or. No. 2; A proposal to raise £526,600 as required, to cover a four year programme, and the whole of the tramway extensions and requirements considered necessary by the board during the next four years. In detail the proposals are: Point Chevalier extension .. .. £92,050 Dominion Road extension .. .. 39,250 Remuera extension 24,800 Railway Station loop .. S.OOO Stanley Street loop 2,500 Onehunga duplication 2,650 Twenty-five new trams 76,000 Workshops additions 12,000 Plant 7,500 Loan expenses .. 15,250 Total, first group £280,000 Mount Eden extension £44,860 Edendale extension 14,700 Richmond Road extension .. .. 62.000 Workshops additions 12(900 Twenty-five new trams 76,000 Cables 7,250 Plant *>,500 Loan expenses, etc 23,3)0 Total, second group .. .. £246,600 Grand total £526,600 Advice was received late last evening that tho Loans Board had approved all the proposals, except that consideration of the proposed extension to Avondale at a cost of £58,400 was deferred, and the board refused to approve £40,000 for the purchase of new Some question previously had been raised concerning buses, owing to the long date of the loan. The Loans Board had suggested that the. Transport Board should purchase out of cash resources or make special arrangements with the bank, as the City Council had to do when it had to take over private bus services. The earliest date on which the loans can be voted on by the ratepayers ia May 8.