CORRESPONDENCE
To the Editor,
Sir,—l wonder if anybody has stopped to consider what the position will be if the borrowing proposals of the present Mayor are given effect to. The present debt nf the Borough is £90,000, add to that £30,000 for drainage, £IO,OOO for municipal buildings, £IO,OOO for water service and tho borough overdraft, and you have within a little of £150,000. There is a population of about 5,000 in Masterton, and the present and prospective borrowing means putting a debt of £3O on etfery man, woman and child in Masterton. Is it not time that a halt was called and a little common - sense infused into municipal affairs. Times have been good for a while past, but there are indications of hard times coming, #nd if hard times do come and the population dwindles down, Masterton will find it hard to meet the interest on the money it now owes, with out adding to the burdens in the way proposed. —I am, etc., ECONOMY.
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Wairarapa Age, Volume XXXI, Issue 9077, 29 April 1908, Page 6
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166CORRESPONDENCE Wairarapa Age, Volume XXXI, Issue 9077, 29 April 1908, Page 6
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