HAMILTON LEGISLATIVE ASSOCIATION.

Waikato Times, Volume XXV, Issue 2046, 18 August 1885, Page 2

HAMILTON LEGISLATIVE ASSOCIATION.

Tin following is tlif text of tlio Local Industries Uill, to l)c in'.'odiiccd at Mus evening's sitting of the Hamilton Ltgis lathe A'vxiation \>y the Mrniit«'i foi L'ublio Woi'nb (Mr A. .SwaibucU) • —

Local Industries Bill. (Mr fnvAur.wc'K). A lull intituled an Act to facilitate ll'C pstiltli-hnicnt <if locil indiistiies in the conntie.s of Waipa and Wailcato. lie it emoted by tho Hamilton Legislativo Association in Parliament assembled, and by authority of the same, as follows : - 1. Tho "short titlo of this act is ''The Wai Industries Act, 18S"i." 2. Tlieio shall bp a. board for the encouragement of local industries in the counties of W.iipaand Waikato, hoieinaftei called "the J'.oard." 3. The boaid shall consist of three membois, chosen by the Innd owucis of the Waipa county and thiee chosen by the land ownera of the Waikato county as hereinafter provided. d f On or before the fitst day of Januaiy, 188 i», the Waipi* County Council and tiie Wnikalo County Council shall each of them pieparo ft Hat 'of tho lands within theii respective counties, nhowing the name-, <>f the owner and the unimproved lalue of each propoity. 5. Tho nniuipiovod value of. a piece of land shall be the amount for wHic'i it \\ nnld sell if ih its natural httte, due icraul heine: had to tho actual value and condition of suiioiinding lands. (> At .ill election-, for members to serve on the board each pew>n liable to pay latcs undci tins acton Jind valued at not more than £100 shall hive one vote, and on land \ ihied at moie than £100, but not moie tb in JL'")OO, two votes, and on land valued at moie than f>oo tlnee votes. 7. The In it elections of members to serve on the b iaid shall t.iKo pi, ice on such days as tho Waipa and Waikato County Councils respectively may appoint, but not later th m the 30th day of Match, 188«. N. Of the members elected at the fust el'-ction, the member foi each county lveeiwug (he most votes hold -jffico for tln.c ye us, the ne\t highest foi two yens, and the lowest for one yeoi. Membeis el. c f ed at all subsequent elections shall hold o!h<e forthieo jean. ') Tin- board .shaUJSach yonv appoint onf of then number as chairman, who shall hive a second or casting vote. 10 The bo.iul shall havo power to do all or any of tho following things, (a). To levy rate-, and r us" loans on the security of the .same, (b) To lend money foi the purpose of «is-,istin;f in tho establishment of lucil iiidust no-., (c) To ciuso investigations and e\peiinionts to be made with a \ievv to piotnote the establishment of local indushies, (d) And to do all or anything lifcessai y foi the due curving out of this act. 11. The owner of any land in the counties of Waipa ami Waiknto shall pay to the boiid on oi befoie the 30th day of Match in e.<eh yeai, a sum equal to o shillings foi each £100 of the unimpioved value of such land as in the like propoition. V2. The boaid may from time to time i. use loans on tho security of thon revenues, provided always that the intore«t on any pioposod loan, together with that on loans already contracted, does not exceed 73 per cent, of the total income of the board. 13. The board may lend money to any poison or company establishing a local in dustiy in the counties of Waip.i or Waikato. subject to the following conditions, (a) A local industry shall mean any fictoiy oi works for the carrying on of any of the foi lowing operations: — Tinning oi otheiw is<-> piesciving the flenh of any animal. The nianuf ictiuo of boap, caudles or otherwise utiluuig the fat of any animal. Tanning oi othei wi-o preserving tho hides m pelt ot any annual. The manufacture of staich oi mustard. Picsorving of fruits or vefret iblos. The lrauufactme of woollen goods. The manufacture of sugar. The manufactine of oils, (b) No money shall be lent m respect of any industry, which in the opinion of the board requires a less capital than £2000. (c) The amount lent in 10spect of any one factoiy shall not exceed the sum of t'looo. (td) The amount lent to any )oint stock company shall not evceml one-half of the oidinary share capital of such company actually paid up. And in respect to loans to other poisons, the amount lent sh ill not evceed one-half the value of the land, buildings, and plant einplojed in thn niamif.'ctuie. (c) The whole of the money lent shall bo devoted to causing on the industiy. 14. The board shall ha\o absolute power of deciding all questions aiising under section 13, and may if they think fit lefuso to make a loan to any poison or comp my. 15. Any poison or company iecei\ ing a loan from the board shall deposit with the boaid debentuie bonds foi tho amount of the. loan, lepayable lo years fioin date and beai ing interest :— For'the fiist live yeais, nothing; second five yeais, 2 pei cent, per annum ; third live years, 4 per cent, per annum. lti. The board may cause to be made such enquiries or o\perimeut» as in then judgmoiit ate likely to open up or develope new industii'M, and for that puipose may expend a sum not exceeding one foiuth of their income [n any ono yeai .