BOROUGH LOANS

Taranaki Daily News, Volume LVII, Issue 59, 30 July 1914, Page 3

BOROUGH LOANS

The meeting of the Borough Council on Monday night w;v remarkable in more ways than one. In the first place, the whole of the councillors opposed the Mayor's proposal for a loan of £12,000"for drainage and £4OOO for extension of the water supply, each councillor wanting something different, but not one of them formulating an alternative scheme. If the whole of the item 3 mentioned as being required were provided for the list would be somewhat as follows:—The Mayor: Water, £4000; drainage, £12,000. Or. Boon: Kerbing, £5000; pipe line, £6OOO. €r: Morison: Streets, £10,000; electric lighting, £Uy 000. Total, £5-2,000. Cr. King favored a loan of £30,000 or £40,000, of which £3OOO should be spent on Broadway centre. It is interesting to note that when Mr. King addressed the burgesses during the recent mayoral contest he said that two years ago Mr. Kirkwood had brought forward a proposal for a loan of £IB,OOO, and he gave Mr. Kirkwood credit for his action, but some of the councillors wanted other works, so that eventually the ratepayers were asked to sanction borrowing £40,000, and they turned down the proposals. What, he added, Mr. Kirkwood should have done was to pat his foot down firmly, and insisted that as he was pledged to a £IO.OOO loin the amount should not be increased. At ] the same meeting Mr. King, 'in referring j to his own borrowing policy, if he were elected Mayor, said that lie favored borrowing £ IU/100 or £17,000 for water and drainage extensions and for iin- , provements of streets and footpaths. That was at the end of April, and now three months afterwards Mr. King ad- | vocates borrowing from £30,000 to £40,000. The question is, where do the J election criticisms and pledges come in; also what will the next move be? GENERAL. Mr. AV\ M. Bayly, who lias been on a business trip to Wellington, returned yesterday with one of the now famous "King" motor ears, for which bis firm are the local agents. In the run fro-n Wellington the car proved quite equal to its 'high reputation, running smoothly and demonstrating its ability to negotiate hills as easily a, on level ground. The self-starting appnrn':is also proved unfailing and efficient, so that Mr. Bayly has every confidence in recommending the car to anyone. Certainly its anpraranee is very taking. That there 'is .a growing demand for haulage motors is evident from the fact that Messrs Bayly and Co. have placed several of the Maudslay motor lorries, one of which goes to Waitara. A meeting of the general committee of the Stratford A. and P. Association will be held at the secretary's office on Saturday next, at 1.30 p.m'., when important matters connected with the Association will he discussed. A g"neral meeting of members of the Stratford Racing Club was held on Tucs,day evening, the principal business being a revision of the rules. Some important •Iterations were made. The luck of the ballot of appropriations in the second group of the Cooperative Building Society fell to Messrs 9. Masters and Son on "Monday nHit when they were allotted £4OO. A sum' of £3OO is to be drawn for next week.