Page 8 Advertisements Column 4

Taranaki Daily News, Volume LV, Issue 220, 5 February 1913, Page 8

BOROUGH OP NEW PLYMOUTH. SPECIAL TRAMWAY LOAN OF £55,000. T.HE Council of the Borough of New Plymouth HEREBY GIVES PUBLIC NOTICE that it proposes to borrow, by way of special loan, the sum of £55,000. (a) The particular purpose for which the loan is required is the construction of a tramway on the overhead trolley electric tramway system from the Waiwakaiho Bridge, Fitzroy, to the root of the Breakwator, via Devon, Egmont and St. Aubyn streets, with a branch along Devon street, from Egmont street to Morley street. (b) The sum proposed to be borrowed for such purpose is £55,000, at a rate not exceeding 5 per cent., with a Sinking Fund of % per cent, additional. (c) The proposed security is a Mortgage of the undertaking and a special rate of lOd in the £ on the rateable value (on the basis of the annual value) of all rateable property within the Borough; and it is proposed to repay the money in 20 years from the Ist day of April, 1913, by means of the sinking fund and otherwise. (d) It is proposed to pay out of the loan the cost of raising the loan and the interest for the first year. A poll of the ratepayers will be taken upon the above proposal on WEDNESDAY, the sth day of March, 1913. G. W. BROWNE, Mayor. F. T. BELLRINGER, Town Clerk.

BOROUGH OF NEW PLYMOUTH. STREETS IMPROVEMENT AND WATER-WORKS EXTENSION SPECIAL LOAN OF £42,000. rpHE Council of the Borough of New Plymouth hereby gives public notice that it proposes to borrow, by way of special loan, the sum of £42,000. The particular purposes for which the loan is required are:— (a) £II,BOO to provide additions to, extensions and improvements to Mater-works (within or without the Borough) to acquire in connection therewith lands, casements, rights and appurtenanaces and machinery; and, for any other purposes incidental or in relation thereto respectively. (b) £30,200 to form and improve generally the sheets and footways, to purchase necessary machinery and plant, and construct new bridges and approaches thereto. (c) The sum proposed to be borrowed for such purposes is £42,000, at a rate not exceeding 5 per cent, with a sinking fund of y s per cent, additional. (d) The proposed security is a special rate of 7V.d in the £ on the rateable value (on the basis of the annual value) of all rateable property within the Borough, and it is proposed to repay the money in twenty years from the Ist day of Ajril, 1913, by means of the sinking fund and otherwise. (e) It is proposed to pay out of the loan the cost of raising the loan' and the interest for the first year. A poll of the Ratepayers will be taken upon the above proposal on WEDNESDAY, the sth day 0 f March, 1913. G- W. BROWNE, Mayor. F. T. RELLRINGER, Town Clerk.