WELLINGTON'S FINANCES.
VERBAL DUEL BETWEEN MAYOR AND EX-MAYOIt.
(Per Press Association.)
WELLINGTON, Juno 11. The ex-Mayor, Air Hisolop, and Alayor, Dr Newman, are engaged in a verbal duel abouF last year’s financing. At last night’s meeting of tho Council, Dr Newman said the Council -could not shut its eyes t.o facts/ however ugly; but must work SO' that the finances could, be put on sound business lines. He then mentioned that the overdraft on March 31st was over £45,000, and the loan of £15,000 raised for abattoirs had been diverted to repayment of an old loan under another head. Tho large overdraft is explained by the Council pushing on with expenditure on works, in spite of the ratepayers’ rejection of loan proposals last February. Mr Hislop declares the abattoir loan wasi not diverted, and the matter is still under dispute. The city’s revenue on general account for tho current year is estimated at' £142,627, and the expenditure at £141,497.
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Gisborne Times, Volume XXVII, Issue 2526, 12 June 1909, Page 3
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159WELLINGTON'S FINANCES. Gisborne Times, Volume XXVII, Issue 2526, 12 June 1909, Page 3
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