INGLEWOOD ENDOWMENT LANDS.

Taranaki Daily News, 2 October 1915, Page 4

INGLEWOOD ENDOWMENT LANDS.

DISCUSSED IN PARLIAMENT. (By Telegraph.—Special to Daily News.) Wellington, Last Night. In the House of Representatives today, the Local Bills Committee recommended that the lnglewood Reserves Bill, authorising the lnglewood Borough to sell portion of its reserves, should be allowed to proceed. Mr. H. 0. Ell (Christchurch South) objected. He said it was most undesirable that the borough shall sell any part of its endowment in order to meet temporary need of funds. Mr, H. H. Okey (Taranaki), said that 110 injustice would ho done by the sale of the land, lnglewood liad been originally a Government town, and its sections had been offered for sale. Some sections found buyers, and an area of •bout thirty-six acres had been transferred to the borough as an endowment. Now the residents wanted to Bell the land, aad use the interest on the money for borough purposes, since they had found that the sections did not readily. Retired farmers who came to the town were not prepared to build on leaseholds, and the reserves were checking the progress of lnglewood. Mr. L. M. Isitt (Christchurch North) said lie had known .lnglewood for a great many years, and he was sure the sale of the endowment land would be against the interests of the borough. Who could say what the population of Inglewould be half a century hence? A 'borough which was fortunate enough to posses endowment lands should not part with them on any account. Mr. G. V. Pearce (iPatea) said that the endowment sections were holding the town back by discouraging building! Mr. J. A. Young (Waikato) said he could not believe the lnglewood people had given the subject mature consideration. A community which had any regard for the future would not propose to sell its reserves in order to secure a little more ready money. The experience of other towns had shown that endowment sections, when offered oh "Glasgow leases," were competed for keenly.

The report of the committee was adopted, and the Bill was set down for its second reading.