NAPIER BOROUGH LOAN.
THE BOROUGH COUNCIL DISSATISFIED.
("Per Press Association.! NAPIER, March 25. The Napier Borough Council held a special meeting on Thursday to consider the positoin regarding the borough loan. The loan authorised totals £134,250 for various j>urposes, lout the State Guaranteed Advances Board is granting the Council only £35,000 for drainage. The municipal solicitors advise against the acceptance of a Government loan of less than the whole amount applied for, unless the whole loan he granted, though the actual payment of some portion may he deferred. Considerable feeling displayed over the Board’s delusion, and it was decided that a deputation from the Council should proceed to Wellington to urge granting instalments of the total sum apnlied for. There was a good deal of discussion over the position of the Hastings norough Council, it having been reported that that body had been granted its loan in full, which would include a sum for the installation of electric lighting, one of the purposes for which money was refused in the case of Napier. In telegraphic correspondence with the Mayor of Nanier however. Sir Joseph Ward states'that the Hastings loan has not yet been granted, but- that consideration of it has been postponed pending particulars being supplied.
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https://paperspast.natlib.govt.nz/newspapers/GIST19100326.2.30
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Gisborne Times, Volume XXVIII, Issue 2769, 26 March 1910, Page 5
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206NAPIER BOROUGH LOAN. Gisborne Times, Volume XXVIII, Issue 2769, 26 March 1910, Page 5
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