OUTER HARBOR

Gisborne Times, Volume XXV, Issue 2041, 28 March 1907, Page 2

OUTER HARBOR

COMPREHENSIVE PROPOSALS. The following scheme will he brought forward at a meeting of the Harbor Board, Borough Council, and County Council representatives, to he held at the County Council Chambers this afternoon:—

Proposals to East- Coast Public Bodies:—Harbor Board, County and Borough Councils to join in: (a) Partly erecting or constructing harbor on Mr. Marchant’s lines; (b) Constructing railway from harbor to AVaihercre, Patutahi, and Taliora; (c) Obtaining 100,000 tons of road metal for Borough and County; and (d) Helping to complete coach road to IVaikaremoana.'from Hangaroa: 2. The same three bodies to unite to obtain passage of a Local Bill to be called “Tlie East Coast Public Bodies’ Empowering Act, 1907,” giving powers to East Coast Public Bodies to borrow £250,000 to be thus disbursed,: (a) For harbor, £80,000; (b) For railway, £130,0.00; (c) For. road metal for Borough and County, £30,000; (d) For road to AVaikaromoaria; £5000;-(e) For contingencies, supervision, and expenses, £SOOO. 3. The Harbor Board to pay £2OOO per. annum towards interest and sinking fund, tlie Borougli and Comity Councils to pay £SOO per annum towards interest and sinking fund, making pic-vision thus for the payment of in-

:-crosfc and sinking fund on £50,000. Hie railway to be leased for a sun:

sufficient to pay the annual Charges for interest m.id sinking fund on tlie remaining' £200,000, viz.. £IO,OOO a year. 4. Timber rights to bo secured by (be ’(.promoters oyer- tlie timber oh inujs owned'by European settlers from Hangaroa to Motu; on Maori lands iu the same district; and. on Government lands in the same district. 5. Tho securities to be given for . loan by the public bodies to be as follows: Mortgage on railway and branch railways, and rates and rev emu as of Harbor Board, Borough and County Councils. G. Contracts to be entered into between the promoters

and the three public bodies subject to approval by the ratepayers: (a) For the leasing of the rail-way for thirty years at an annual sum representing interest at 41 per cent, and sifiking fund at -J per cent, on £200,000; and (b) For the carriage from the quarries of ail stone required to certain fixed and definite points to Ire specified, for five years, and supply of timber required by public bodies also for a period of five years. 7. Promoters to form a company within twelve months to lease the railway, to carry the stone, and supply the' timber, such company to consist of shareholders and capital , to the satisfaction of the three public . bodies. 3. Lease to he granted for thirty years by the Harbor Board to the. company of ten acres of the foreshore between the present breakwater and the proposed breakwater to bo reclaimed by tbe company, to be used for the purpose of saw-mil-ling, timber yards', all speciesjof manufacturing in wood, and for such other purposes ns may he agreed upon between the company and the public bodies. 9. Contract for lease between the public bodies and the company to contain provisions for the expenditure out of the £130,000 allotted for the railway of £13,000 for spare rails and fittings, and £15,000 for the erection of three fnst-elacs saw-mills, one at the Motu, out at Tahora, and one on the timber reserve at the harbor works,‘the rails and saw-mills ..to bo the property of the. public bodies, but to be leased with the railway proper to. the company under conditions as to prices for cutting for the settlers suds as shall be agreed upon between, th<!..nublhboclies 1 and the company. 10. The lease to contain provisions that after the payment of 5 per cent upon the paid-up capital of the company, sued: paid-up capital not to exceed £20,000, the public bodies shall receive the 1 refits arising fiom the.rail-

way and the timber industry over and above the said 5 per cent, until ! :h - whole of the interest anil .sinking hind is paid, during each year.

Notes.—The funds, available for the harbor will he as follows: From ’ok 11, £80,000; in baud, £27,000; three yeacsl revenue, at £12.000, £3(3,000 ; total, £143,000. This ' will be sufficient to provide sale and adequate accommodation for-ali mail and passenger boats in intercolonial i rade. The breakwater could be extended to the 3300 feet mark oil Mr.

Marehaut’s plan, the, reclamation a-. ihe root of the breakwater could b> done,, and the wharf could be bunto as to give . 1200 feet of available wharf accommodation. All ships could be accommodated at all states of the tide and weather. The tramway. with all necessary rolling-stock, can be constructed to Vfaihirerc and to the' Batutahi Quarry. Reserve at a. cost of £50,000. Thence to Wharokopae, the present proposed terminus ,of: the line..will cost under £-10,000 £30.000 will he expended in spare rails and saw-mills, and £IO,OOO will 1-u available lor contingencies and extras. The £30,000 set apart for road metal will supply 50,000 cubic yards of combined I’atutahi and Waibirere nict-al to -each of tlie two Councils.