BOROUGH COUNCIL PROPOSALS.

Gisborne Times, Volume XXVI, Issue 2328, 22 October 1908, Page 6

BOROUGH COUNCIL PROPOSALS.

DRAINAGE AND STREET I'M PROVED ENT.

SOME INTERESTING FIGURES

The Joan proposals lor drainage and street improvement at present, before the flora ugh Council,, have been productive of much comment, unfavorable and otherwise, amongst both the Council and the' ratepayers. The Town Clerk (Mr. 11. D. B. Robinson)

has prepared a statement which shows K that the scheme (including the £41,k 390 street loan) can be financed until 1917 by a general rate of 2s. The following is the statement, together with a comparison of the respective schemes of Mr,. Mestayer and Mr. Jickell:—

SURPLUS ON STREET LOAN.

General i 2s rate. > Estimated Valuation. Street Loan Maintenance. 5 Balance available.

JICKELL’S SCHEME £107,874.

Amount taken up. , Interest payable on > Interest Pumping charges: jßate meet Deficiency

MEST AYER’S SCHEME £125,000.

Amount taken up. Interest payable on .Interest Pumping charges., Jtate meet. Deficiency

Year. ' £ £ £ £ 1908 9,000 90,000 Current 1909 9,500 95,000 3,876 5,624 1910 10,000 100,000 4,422 5,578 1911 10,650 106,5004,902 5,748 1912 11,150. 111,500 5,182 5,968 1913 11,650 116,500 5,562 6,088 1914 12,150 121,500 10,980 ' 1,170 1915 12,650 126,500 10,980 1,670 1916 13,150 131,500 10,980 2,170 191713,650 136,500 10,980 2,670

Year. £ £ £ . £ 190S — — — — 1909 23,000 — — — 1910 23,000 23,000 1,900 — 1911 23,000 46,000 3,050 — 1912, 10,000 - 79,000 4,700 — 1913 . 10,000 . 89,000 5;200 — 1914 - 10,000 99,000, 5,700 9d 1915 S,874 107,874 6,143 8cl 1916 ' 107,874 6,143 7cl 1917 —, 107,870 6,143 6d

Year. £ £ £ £ 1908 — — — , 1909 IS,000 18,000 900 — 1910 18.000 36,000 2,950 — 1911 18,000 54,000 3,850 — 1912 18,000 72,000 4,915 a 1913 18,000 90,000 5,815 — 1914 15,000 108,000 6,715 lid 1915 17,000 125,000 8.225 Is 1918 ' 125,000 8,225 lid 1917 — 125,000 8,225 lOd