THE CARNEGLE LIBRARY.

Taranaki Daily News, Volume XLVII, Issue 81873, 25 October 1906, Page 2

THE CARNEGLE LIBRARY.

ANOTHER DECISIVE SET-BACK J lie withdrawal of jVlr Broofcing's property front the market has someWhai upset the plans of the New Plymouth Borough Council's committee sl 't up for the purpose of choosing' a site for the Carnegie Library. The property was, however, only placed under offer to the committee after a great deal of persuasion, so that the withdrawal does not eomo as a surprise on lop of the criticisms hurled at Ci. jirootmg: at Monde's meeting of the Council- The committc again recommends the Council to submit to the ratepayers a proposal to borrow money for the purchase of Mr Holdswortlrs properly on the corner of Liardet street and Cpjirte--11 a J' Street. .1 his scheme was rejected by the Council at its meeting a fortnight ago, cottsjdevhig £3OOO an excessive price. Qn 1 that occasion Cr.' F,' Beilringer. 'chairman o}' the committee, estimated the revenue from the letting of the house at ,£125 per annum. This has been reduced to /,'iou in the figures now submits J which estimate a revenue " c " ! leading-room and library, £l2O from letting the section adjoining- the Town {{jljj W'jticli (he Cuunftl declines to accept as a library site, and £l2 rates accruing front this pioperty when leased. Against this is placed an expenditure of £145, made up of £l3O interest on the /,?r>r,o loan required, and £ls loss ol rates on the moperty when made a municipal block. This shows a profit of £l3-, or, if the house, is unlet, a profit of The Government valuation of the property is /.■-310.

Cr. Bellringcr, in a chat with a NEWS representative, strongly urged the business side of the proposition, and mentioned that the Council would gain largely by being enabled to obtain spoil for filling the site of the present Powderham street bridge, this spoil to be taken out in preparing the foundations.