GISBORNE LOAN PROPOSALS

Gisborne Times, Volume XXVII, Issue 2408, 25 January 1909, Page 6

GISBORNE LOAN PROPOSALS

SOME OFFICIAL FIGURES

/His Worship the Mliyor (Mr. W. D. Lysnar) has prepared -the following statements for publication., for the information of the ratepayers, as he intends to use them at the. public meeting to (be held at the Garrison Hall this evening, in connection with the loan proposals. He claims that iby the following figures it is shown that iby 'going in for the street and recrdition loans there will not be’any increase of rates/hut instead of an increase there will bo a direct saving as compared to last year’s administration, for upon a 2s rate (which was' paid -last year) there wifi, be n direct saving of £29,006 during the .five®years following the floating oi the loan, which can be applied towards the interest on a drainage •scheme (for the whole borough.

FINANCIAL (STATEMENT. Upon comparison for the past five years it is found that the general into collected amounted to £29,592, ami the expenditure noon streets to £29.648, practically the same amount, therefore it is evident that the general affairs of the borough could, outside of streets, be administered entirely from revenue, independent cl' the genen.il rate, which it can be assumed in available for street requirements.

The average yearly increase in valuation for the past five years lias been £7900. the value in 3908 being £91,500, and in 1904 £52,000. Therefore if for the next ten years it is put down say at- £SOOO per annum, it should be on the safe side. .Making an annual rate of 2s on this bas.'s it would leave the position thus:—; Year 1909 amount of rate £9500 (say first instalment of loan £15,000 taken up, £750 interest would be paid out of loan), (full amount- of £9500 available for street maintenance :ycar 1930. rate £IO.OOO (another £3 5,000 of loan money expended, £3500 interest- paid of out loan) full rater gain available for expenditure; year 3 911 rate £10.050 (balance of loan £12.600 expended), £2630 interest would have to be taken from rate, leaving £BO2O for street maintenance. The next year there would he- -another £SOO t > add for expenditure on streets, viz., £8530. This £SOO can now he added each yea r during the term winding up with a rate in 193 7 of £13,650, less interest £2630, leaving £11,020 for street req u-i vernont-s. .11. D. B. ROBINSON. Town Clerk’s Office. Gisborne,- October sth, 1908.

GISBORNE BOROUGH COUNCi!. j LOAN PROPOSALS. 1 October 1908. j Statement showing estimated value ' of the borough, product of general rate of 2s interest on street loan, to- ! gether with, estimated maintenance, 1 balance available for other expend:- = tlire, also amount of loans for .Tickel i’s and -Mostayers drainage schemes. together with necessary rates, etc. (allowing that it takes seven years to complete). .. j

This estimate is compiled from official records, and I certify the same to he correct. R. iD. B. .ROBINSON ; - Town Clerk. •B OROTIC H OVJSRSJQMVS STCJBPIiEIMENTARY RfEPORT. .ITis "Worship the Mayor, Borough of Gisborne.—(Sir, —I have the honor to place before, you the following, which is a. (supplement to my former report, dated '2Bth September, 1908; .Re gravelling, I beg to state that with the increased facilities for handling the river gravel at Kaitaratali! and at the town end a further saving of 2s Gd per yard caf? bo made and the item of gravelling as shown in former report (28th September, 1908) can be reduced from 5s to 2s 6d per yard. •Regarding Pa tu tarn metal, 1 anticipate a further saving will be effected on this head through the facilities in loading at the quarry and the cheaper Oiauirge by iStrakcr waggon, hut as up to the present I havo Hot been able to rise the trailer -with. waggon and the loading facilitiesJiot being complete; it would be impossible to give an •accurate -. estimate of any further saving that, will be made. — Your obedient sen!mi, . uVI. MORGAN, ■ ■ •Borough Overseer. Mr Lysnar says that while acknowledging that drainage is essential for this borough, he objects to Mr. Mesatyer’s '.Shone system of drainage as ■being too costly and, troublesome to maintain, but prefers that system suggested by Mr. Jickell as being more economical in both cost mid maintenance, anci to show this he has prc-

pared-'the following comparisons ol noth schemes. MESTAYER’S SCHEME. £ Cost y ... ' ... ••• 125,000 Annual cost maintenance ... 2004 Cost and maintenance capitalised ... ... ... 165,000 Rate -on present valuation. Is 9d. _ - c Reticulation, 6in tb 10 m ... Cost mucliinery ... ... 51,150 (Depending on engines entirely. Whole pumping) JICK'ELL’S SCHEME. £ Cost - ... ' ••• 107,000 Annual cost maintenance, '£7so ;cnn (be reduced to sav 250 £112,000 saving of • • 03,000 Rate on present valuation, f Is 3d. . . Reticulation Bin to I2in. Cost -machinery ... ~.v- 0,1.UU (Engine stancl-by only. For over -river suburbs 'practical lys.no pumping. Only •pumping; for Gisborne portion.)

In MestnyerU scheme there are also 14 ejector stations, which would be ojectioniable; -while in Jickoll s ■ there is only one small well, and then a re servoir under ground; also in M-estav-er’s scheme there would be air mams running from the power-house to each of the 14 ejector stations, and if a -leak Should -at any time occur iv the air mains the only wnv to uO-eatr the leak would be to dig down and test each pipe with a smoke or light test, which would lie too costly for our borough. „ K AY. DOUGLAS LYSNAR, Mayor.

THE PUBLIC MEETING. The public meeting to consider the proposals will be held in the Garrison Hall to-dliy, at 8 p,m. The Mayor h[r. AY. -D. iLysnar) will preside, and it is probable that most- of the Borough Councillors will speak upon the various issues,- A, keen interest ha-, been taken in the questions during the past week, and a huge- attendance of ratepayers is -/anticipated.

After a carousal at the Neuilly lair a man named Roche bet- his companions tint ho wo-ukl throw lumseif m front- of a motor-car. -He von Ins hot, but there are no hopes of ins recovery. . . ~ . The mammoth liner Rotterdam ; built by Messrs H-arland and Wol.i for the -Holland-Arnevican Line, is the heaviest vessel afloat-, her gioss tonnage ’being 20,000 tons, hei lcug i 668 feet, and her width 77 h feet.

STREET IMPROVEMENT ValuaInt. and Bal2's (Rate tion. Main. ance. £ £ £ £ 11)08 9.000 90,000' Current — 1909 9.000 95,000 3,876 5624 1910 10,000 100,000 4,422 5578 1911 .10,650 106.500 4,902 574 8 1912 11,150 111.500 5,182 590S 1913 11.650 lie; 500 5,562 6088 .1914 12.150 121,500 1.0,980 1170 1915 .12,650 126,500 10.980 1670 1916 13, £50 13i:500 10.980 2170 1917 13.650 136,500 10,980 2670

JiICKELiL'S iSC .i.lI.v.ME, £107,8 74. * bi) C/J ~ _ir C/3 —< in Cj o 9 -r ZZ 4 -g o ' CZ O ' W rS *g o " £ £ ' :£ r ’ £ 1908 — — — — 1909 23,000 — — — 1910 23,000 23,000 1900 NO 1911 23,000 46,000 3050 Nil 1912 10,000 79^000 4700 Nil 1913 10,000 89,000 5200 Nil 1914 10,000 99,000 5700 9d 1915 8,874 107,874 6143 8d 1916 107,874 6143 7<! 1917 — 107,870 6143 6c!

MESTAYBTt’S DflMI-NAGJS SCHEME, £125,000. £ £ £ £ 1908 — —■ — Nil 1909 IS,000 18,000 900 1910 18,000 36,000 2950 Nil 1911 18,000 54,000 3850 Nil 1912 18,000 72,000 4915 Nil 1913 18,000 90,000 5815 Nil 1914 18,000 108,000 6715 lid 1915 17,000 125,000 S225 Is 191G i 25:000 8225 lid 1917 — 125,000 8225 lOd