HAWERA COUNTY FINANCE.

Taranaki Daily News, Volume LI, Issue 51, 19 February 1908, Page 3

HAWERA COUNTY FINANCE.

CO3AWO LOAN TO HE RAIDED. I At the meeting oi Hip llawcra Coun'y Council (reports the Stan on Saturday the chairman (Mr. CwdUnd) referred to the county loan proposal-. He said that after paying 'he.accounts that afternoon they would practically reach the limit of tlielr overtlraft ot the bank. wWch stood, ronghly, at proposed that a loan of tUUXJO should ''s lx- raised by special order to payoff the overdraft. This the Council could do without consulting tlw ratepayer*. Further than that, it would lie necesnarv, ohotilil the loans be not carried. to atrike at the end «f the riuancial year another %d rate in order to pay their liabilities, which were about ilo.tiOO. Assuming that the loan* were carried, the new proposals he had referred to would not be gone on with. X iliscudaion followed a* to the \vNitmn of taking such a course as outlin d by the chairman. The preponderance ■>( opinion w«* Ihit it would be lietter o leave tlie matter over u*li! tlie Councl had heard the decision of the ratepayers. At oa* councillor said, if they we.- 1 "atuck" after the loan proposals had l»een More the poll then they would bate tu strike the r\U:x riite. Councillors, however, were til np-nfon that they could at lea*t r aUe ii»mi to H«-r in.' overdraft. Eventually Cr. David-m moved. -Tltot tfcia Council take the necessary -tcps to raiae ettyttll bv special order to wipe off the bank ...erdr.nt. provided the Cf3,ootl loan is not carried." Ihe motloo was carried unanimously. The chairman then .save notice tr more, -That failing tlie loan proposalbeing carried a further rat- of ~/,-\ " the pound be struck.' -

Ratepavers' meeting- at okaiaw.i and Hawera ' favor*.! the tiKt.iniO lonn •cheme.