WELLINGTON CITY COUNCIL.
DISPUTE OVER ITS FINANCES. By Telegraph.—Press Association. Wellington, Friday;
'Ex-Mayor Hislop and Mayor Dr. Newman are engaged in, a. verbal duel about last ycarV financing. At last night's meeting of the Council, Dr. Newman said the Council could not shut its eyes to the facts, however ugly, but must work so thai Wte finances could lie put on sound business lines. He then mentioned that the overdraft on 31st March . was over £40,000, and that the loan of £15,000 raised for abattoirs had been diverted' to repayments of an old loan under another head. The large, overdraft is explained bv (he Council pushing on with expenditure on works in spite of the ratepayers' rejections of the loan .proposals last February. Mr. Hislop declares the abattoir loan was not diverted, and the matter is still under dispute. The city's revenue on the general account for the current year was' estimated at £142,027 arid' the expenditure £141,497. ]
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Taranaki Daily News, Volume LII, Issue 115, 12 June 1909, Page 2
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158WELLINGTON CITY COUNCIL. Taranaki Daily News, Volume LII, Issue 115, 12 June 1909, Page 2
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