MASTETON TOWN LANDS TRUST.

Wairarapa Daily Times, Volume 5, Issue 1347, 7 April 1883, Page 2

MASTETON TOWN LANDS TRUST.

: ; The ordinary monthly meeting of the Mastorton Town Lands Trust was held last evening. Present—Messrs Feist (Chairman), Gapper, Perry, 7 McCardle, and Hare. ' - - -

The minutes of the previous meeting having: been read and / confirmed, the Treasurer reported a debit balance of £24.

A letter/was read from-the Greytown Trust offering to purchase the interest of Masterton in. the Town Belt Eeserve for £250 cash. The Secretary was instructed to reply that the proposal would be submitted to the coining annual meeting 'of voters.; The' : Clerk reported that he had rer ceived no further communication from the Government with reference to the completion of the arrangement made for the Courthouse site •

The. following annual report, was' then considered and adopted:—' . ~ Your Trustees beg to submit' ikeir annual report, with the balance sheet, for the year ending 31st March, 1883 :-i During the year just closed, the transfer between the Education Board and your Trustees of certain lands and.premises has been completed, and the i-400 paid over, the amount having been received on mortgage of acre 89, as authorised, ' Your Trustees have received the.Bnm of #7OO, insurance inohfiy on the late Town' JBahV |Of this amount, after paying off The then existing overdraft and compensating jthe lessee of the Hall for his improvements and surrender of the lease,! the sum of .£SOO has been deposited-with the bank of New .Zealand for a term'of sitmoiiths, at ourrent rate of interest. ' ■:■' .The Greytown Trustees having recently submitted an offer to purchase yow 'interest in the Greytow'n 48: acre reserfe, fdr; i 1,1250 cash, your Trustees strongly ■recommend the acceptance of that offer, believing it to be fair and r reaabrlable,'ar)a; a solution of the difficulty.'' "' ' ', ' i After along negotiation' your' Trustees We*succeeded indisposing of part of -Townapr'e'2,'9o'ft'-'frontage'toHall St:to the Government as a Bite, for the. new Court House, for the sum ; of '£3oo, a matter which has met with yq.ur approval and-can'not but be regarded as satisfactory to the^town at large! '.-• '"Yourj Trustees propose introducing ;> a' ■Bill next session' amending, .its. is: hoped finally, the existing acts, enabling them loicarry! outithe; foregoj'ng'af rangem'enfs.' .-•i also ,decjded upon a system of compensating th'p end^iof!their whioLwill have the effect ;pf i .ißbre,.asing the yearly inoome of the>;xrnrf/'and'induoing lessees to;make substantial per-

manent imptovflmentsi ' The detail* joE the Boheriie'tllftvf 1 already;- r been Made public, and ;muat thereiort bOreMn yo.ur memories. ; '':3;; m' ; (<: . :; It will; be,seen on referring to .the statement of assets and liabihtie'ijhi.' upon realising the £3OO purchase mfc% ,- from the .Government, and pajw"\ off the, balance ; of mortgage on the old school, acre there will be an. available balance.of £433 15s 2d, whioh. .will-be further increased,-it-the—-i>ropose4, sale tp-.Qreytown 1b agreed to, to £683 6si2dv> ! As, however, iff- haV not been. deoided:. to pay off .the:school: 89 T acre .mortgage;,,the incoming Trustees may VirtimHyj have!to deal'with an asset of £1039 4s 6d: Messrs Hare the retiringv y Trustees, ore elrgiblo for re-eleotion. f / The balance-sheet was also read and referredto^Mditpis.; ■ ■:■ ■;i; ; :-, ) ■) • ' On the mytipn'.of' Mr K,' Hare the' rep6rt;, : ofjthe'; sub-committee re leasing lands was adopted and : ai resolution -.ii was passed thafrit should be advertised for the information of the public. '; .Mr Hai-e-inoyed that ai thby !; had accredit balance'; at only 6 per cent ■interest,; desirable;;that ; they i; i.;. should wipe: oufcftheir liability on town acre 89,.and;that the sum they had borrowed 1 from-the' Building ,Sd.ciety;',on ( l •' this security : shßiild be paid off!' ''"'' .■;•. Mr Gappei; had greatrpleasure in seconding the resolution.''' "' \ view, of, the appitching;:;'anjital " election; advised *• postponing the question. He did not,, . think it :\yould be prejudiced by the delay.;-.Mr HaifeNvould no doubt be re-elected,- (Mr j^re: I shall not stand again"l) j l and; 'if'even, there were< new -- 'blood on tho'triist, tho majority of it would; be old members. : ' : The-Ol.erk poinded out -that if; tho <, 'loan was. paid off, 4ey could-not' raise | money a secondHime on this security. ■The Chairmah'tfiought it would bo,, as well to let the matter stand' over,'' and Mr.' Percy,/.concurred in this opinion, '"jy.r " '"'..' "H

' The motion,of'Mr Hare .was put and lost and MrMcOartlle ! gave a notice of > motion, to.' deal 1 With the question ' at : ''.'', their next meeting.', , '"'■)

Mr Have gave notice of motion thai : : at the next meeting of the: Trust, the > "> financial position of - the-Library and public Park be: considered. He also suggested that if v tlie public meeting.- ■■■'■ approved of the proposal niade by the Greytown Trust, tliai, their Act might', \ ,' \ -be amended in the. coming session, in j the direction of-expunging clauses re- ■■'•■ - r ' quiring tho consent of voters in certain,: ;'| proceedings. > : i- ;"':'■ ' , ;",; : i On the motion ■ of-Mr Gapper, the ■:', >:.. Chairman, Mr Feisty and the : Clerk, iwere appointed as f ,sub-comiuittefl to :" •. revise the Act, and,; report; onthfypor- ',••,! tionsof it which should be expunged. . >" ■',, ' Mv Gappev ; -understood that if the proposal of Greytowri 1 were accepted' there .would be a : coinjlete and' final' V"i separation between ;'t|e two. Trusts, ,andhe thought this \{onld : .be an ad> , v > vantage to both partiea ' , . ..Mr Gapper caM attention 'to the ...„. ;To\Vn.|mst» ] aJlotmen,li l the; Waipoua: Brewery. ■: It was from its unfenced condition, becoming a nuisance, He moved, that it be with, a ; v view to confining traffic to its proper i channels.

Mr McCardle disapproved of fencing the acre, and advocated letting it under the improvement clauses to which, they jiaid, just agreed, f ;Mt Gapper said that if the nuisance citised by-Avant-of'fenoing were;-not. abated it would be'his-duty to take action in the Borough Council on tho question.

-It was, after some further discussion, agreed to let this property. Before separating Mr McCardle expressed: a; hope.'that Mc Hare would continue a member of He had proved himself a most useful one, and was thoroughly acquainted with every detail of their work.. He trusted he would re-consider his decision not to stand again, ■•'.*;

•:• The Chairman eridoised the opinion expressed by Mr McCardle. Ho would be very sorry to lose the assistance of Mr Hare at their meetings. Mi' Hare acknowledged .his saitsfaction with the flattering reference that had been made ■to himself, but he r . might, during the ensuing year, be V away from home for four or five months, and he did not quite like the idea of holding the position of a trustee ■-' for such, a period without being in a position to discharge the' duties ofithe ""{■ office. ' ■•■••-•■•■•