BOROUGH COUNCIL.

Taranaki Daily News, Volume LVII, Issue 5, 25 May 1914, Page 6

BOROUGH COUNCIL.

lU'iruKTS. The folliwini; me the reports to be subaiittwl to iiie New Plymouth Hiirough Council, :it its !ut ctiin; tu-iiiglit: kstj.uatxs committer. Tlie committee recommends: — That the following subsidies be granted: Western Park '.Hoard £SO, Library £MO. That a subsidy be. grunted to tin: JJoard of Trustees appointed under flic Taranaki ]!otaiiic Cardons Act, IS7S, of such sum which, together with the share of revenue payable to the said trustees under s->et?,Mi 4 of "The New Plymouth Recreation and Ttaeeeourse Reserve Amendment Act, ]!)!()." shall amount to the. sum of one -hundred and fifty pounds. That tin l .honorarium of his Worship the Mayor for (lie ensuing year be Clot). WXANC'K COMMnTKE.

That the. council in anticipation of re !venue do borrow from its bankers, the Bunk of Now Zealand, from time, to time ■lis required by way of overdraft on the /district fund account, the sum of ten. thousand pounds ( Cli.,i>ifl), ov airy sum not exceeding that '.'.'lic.mt, at interest 'not exceeding :i\ pomulii per centum (fi per cent) ]icr nnnmn, tilth interest to ie computed as from the respective days of the moneys being advanced by the bank, and to be considered »9 accruing from day to day and to be payable oil demand, but unless and until demanded to be payable on the 31st day of March and'the 30th day of September in each year, and to be turned into principal on the balancing of the books on those day 6, and thence to become principal and ibear interest accordingly at the rate before mentioned. That the moneys to be drawn by way of overdraft shall be drawn out of the said bank by cheques signed by the treasurer and countersigned by any two of the councillors from time'to time appointed by the council for that purpose, and every ' cliequo so drawn and so countersigned shall be a, sufficient authority to 'the bank to advance the amount by way of overdraft to the council and to charge tahe account irf itlie council with ttat amount. That the town clerk be autho-, rised to undertake that the overdraft required is within and shall be kept within the limit prescribed by section 9fi of "The Municipal Corporations Act. l,i)08." That the Mayor and each of the councillors be empowered to countersign .cheques on the district fund account. That .the ncessary steps be taken to strike a general rate of one sMiling and one penny in the t on the annual value of all rateable property within the borough. That of the annually recurring rates levied on all ratoab'.e property within the boundaries of the borough prior to the alteration of such boundaries on tlie Ist December, 1911, the amounts in the £ on the annual value hereinafter mentioned bo collected for tho year ending March 3t, lUlS: aeilO/KX) loan raised under 'The .Municipal Corporation* Act.'l'JlO'': One. shilling and two police hal.'penny in the £. £101)0 loan for extension of drainage raised under "The Local Bodies Loans Act, IiMH": One-sixth of a penny in the £. CiOOO loan for extension of (iill street, raised under "The Local liodics Loans Act, 190S":Onc i penny in the I'. £.I(HW loan for Pow- 1 derham street culvert, raised under "The ) (Local Undies Loans Act, 1!)0S": One half )

penny m the f. f 11.22") kom fur street improvement and sewers extension, raised under ''The Local Undies Loans Act. 1»0S, J ' and "The State (iuarantced Advances Act. I'.K)S": One penny and livesixths of a pennv in the t. (Totals Is (id in the E.) That of the annually recurring rates struck over special rating areas prior to the merger, of the same into the borough of New Plymouth the amounts in the t on the annual vaduc.htrciiialiter mentioned be collected fo'' the vein- ending March HI, lillii: Bridge rate'ld. ,St. Aubyn lid, Barrett road l-3d, Carringi on' road 5 13-1(1(1, Brooklands road 1 l-3d. Fraukley road Sd, Veale road -id, Frankleigh Park fi'/ 3 d, Klliott road 4 2-5(1, Moa road 1 7-9 d, i Mangorei road id. I