The Daily News. THURSDAY, FEBRUARY 20. HARBOR LOAN PROPOSALS.

Taranaki Daily News, Volume LI, Issue 52, 20 February 1908, Page 2

The Daily News. THURSDAY, FEBRUARY 20. HARBOR LOAN PROPOSALS.

!!.«.' IhU'-l New I'lyniuiith Harbor Jiill. ' was submitted to and ( |iseiiss<-ii i'.v t lit" iloard at it-i meeting on Tuesday, willioui doubt more nearly approaches a complete solution of the diiVemii-.'s Llie country and town inter- ! «' l- ii> the ex'u-n-ion ol' the harbor than ! j.inpiiv,! hitlvrto put forward, j I'araamunt in 1 lie Hill's claim to ae<vp'i .Hi".'' iSii- aspect. from which, . j»'i "i a!'• 'u■ l' >• i' :: • >rn -omiim'iU. di->-I iii.; ri-, tir.. ;= ii-1 "ii •<• j■ -ra" dream-. the 1 N ii;,hl,l be uihl Mjuaiviy |.■ \ :1 m.•.! It- 1 iir,i!i'jMi.i\ We "iw u.i; 1., ii'.a'- in <>i;i belief in tilt' ! u!ii:i.aif ami «l:'.-tiiiy of tli<* har--1 !i t. hi;! ili«' ivali>ati';ii of that cousii'iii may >ak'i\ Ik- relocated, so far j Ihe l!ill is coni-erned. In ihe future *.i uii'nii it belong.-. aH>l argument ront ntia'ic:) mi tin- vital provMoHs of tic 1 -• heme pn j semly before ilie ratepayer (•!' 1 hi' !larbor District. under uitieh. 1 :• \ I'M ill - bitt«Te.-l opponent ol' the liainor miM acknowledge. lie would be in ill!it i'l\ 1 it.*f iit oil" than if pledged for a [•.rut \ > i In* repayment i>i ihe exi-l in: i Ktn ini ier tlw pre-ent rating proxi-ion .■mi lerm* ol npaynient, I'rietU. tin- >uiii <;! Ul:i"».uuu Ini?, lo I", raNed within a lillh' owr a year to pa; .'IV ih:> rxi-.iiiiji l"an "!' cinO.uiM. ii addition. the Hoard propose-. to ask f<> authority to borrow t> provide fur fur :'iM-r harbor eon-Lniction works, tli ii'tal authority required imt to o\etv< u i- Hot. considered iiee: v > -ary thai more than t'liolU'lill of tin lolaf amount would be required t«> -i.me .war-, It i- in the mannrr «> mooting ill" aniiiinl charge- upon th<. nvopox-il h».til thai tin- new Mill diU'cr: radically from tlu* exi>tin<; arrangement and therein aUo lion its claim for pre ferment. Hitherto the loan charge: have fallen dinvtly upon the raU'is levied ri|inill over le wliole llarlwi District. l"li.- purl itself Ims liecn frm "1' I hi.-, (ililigiiliiiii. I'lidiM- the wliciih „nu placed M'f'ii't' the r.tlpji-tyri ■ luMcticiilly tin- whole ol the annual übli is made a definite diarge upoi. the purl earnings, land fund, and endow NH'iit revenues of the liaibur. ]!y thimeans the direct iuu'deii is eoiup!elel\ reincived'fniin the .-.h.iuhk'i's of the rat - pa.'.ers. In the event »f it un ; , neces. i.iry to levy a rati' to meet any dc.'i cii'iny in tin- annual interest ai'tor their icduHimi liy X4SW) from ilu 1 land fund. IMM from port earn in-s. it „d from rmlownH'nU. diflVr<'inial ratinir is proposed., llie harlmr rating area divided iulo thro. l distl'k'ls for the )>urpo>e. Tiiis may hc-L U- iiy a coinpariol ilu* with the existing .oiiditions. At preM-nt the whole or rlio properly in the llarhor lJMru-t ;< legally in n ]>crpi'tual niori^a^i' of tlu-"c farthing- in liie pound, fiul'r Hm- proposed C.ili itud th? ditVmvuii.il ral : nL r -i-heim-. tho rat" over the di-tric'. deliiii'itU'd, immrlialely -urrounding the harbor would -lw. a- ,i; j pre-;'nt. iliree in Uie pnuiid. 1 lie (ii-triet furth.-r a livid uouh! lialdr up to a Inli'priniy in th > poun !. and tlu' iiic-i reviiuir )n)riion of ii; • district for a farthing only. in-:.-ad of iiin'f fnitliiu;:- a- ai Tit- p;.i:u !;nt must In- jtrasped. however. ih.ii '.h-' ;sj**« tl;.' -i'\ci:il !i'.a.\i'nirii 1 t!u( l.c !-;\ini)!.' r i \'w\' (ii-! rift- u>iv i|i ( < \v'i I -

lb in l ei i-l rhaige-i t 1 !»• niCM ■ ■»; r.i' '>• A-. lunvevev. ?i'U ino: ■ | s iii! '.'I.V.'O ;;I:\ Wtvni.l VeiplilT 1u be f'iJll \,\ \ 111; lire-.!. OC.'U :ii"ST 1 lie full jil'iijio.-ed 1,(1;I'I hit ! i ■ "'ii rai-ed. a >iniple mai lii-m.-it ii-;! i'-iii.i 1 i'»u dunv> tli.it ; iie i',t i c I'e.jiiir/.'i unu!d br infinite-itii 11. e..:i:n'i -.\ In Mr. .Ma.vwell nt i hree-t liirly -e, in !- >•'' n );.*n?iy. »»ne -i\l e/nlli ci a p-nn-. ml one-t hiriy <e; oml a jiciiny in t'e-pnuii-1 l<'-«p''.'livel\ over the tlrve d"{l'orenti,ill\ rated di-lriet-. Apprtr-.im.itf ly■ it i" >nHi:'iejlt t'l pninf (Hit tin!. tli' l.iwest c •liinnte. the wiiu'd he L7-jOU better nii" aimu,ill» tli.ui li-« , y are at present. Individuaiiy. i : . • i re;,ii —ii.n- would he greater. a:«d lii. i>f the new correspondingly -o. in th" outer di-i liiiu ni tin* I'iuu and -mi voundini: iU:ri',l. l-'rnin «-very ptdni m m'.-v-; i'ie ''""ni iy -f'i«i- l ■ i'e tie. Maiucr. iVMJ h,.:d !i" -liniild be. | vii'ng |vnwr tu h vy dill'ei'ential de---. jo: tie- p.ii-J oiJt-ide !ii; Harl.i.r Dj-jj-i . I -d' v.-hi h ma \ md }■■• ~prii to ijn' 'en. j !l!,, lMi!l pri'prieiy an i c\pcdi-Mi.-y I iii.i'. he ie>uI<I:-d. and deli?ii!e <jpi;i!"!i Oi; '!u- a-;-;-: mi) he wjthhf.-M wilhmt ■ ai:-M-ti ?7■: Hi" vital pi-np.w-iU o| iljt* Mili, flseii- ar.- inaiiy aiMilintiaj asjieii-. !.: -'i i!! l ik'- an n'iy oppuriunit •• I A A; pre-i.'iit w(; would a-k J- ! * r 'i 1 enayer-. and piirl ? etllarly ti:-).;' ■ in th" outef di>irie|-. t'l tiie i.tomeasure or' et-n-idrrjn i--n i their i:n)»«'viaiu'i' demand, and we f- d | -or- iha J. if vi«-\ve 1 from tiie jiraci id! b'Aer I'll (1 here will j be iis\et; a inoi" >upport llian | ov. .it I;- ..jitimi-tie hope for. Taia- i mi!.: crying lor a reduetinn of i:- 1 t'i'te- burden, jind (lii- opportunity n not lik-dy to be bnt-Mjindy bru-hvd a<it!..\