Letter from H. A. Sharp, Barrister and Solicitor, to Mayor and members of Tauranga Borough Council, 4 May 1908

Date1908Reference NumberAms 300/3/5DescriptionTitled 'Waterworks Loan', the letter provides an interim report from inquiries made by Mr W. M. Commons in Auckland, that a sinking fund is desirable for the loan. Details related percentages, and notes loan conditions for Te Aroha Borough Council's recent £3000 raised for electric lighting.

The Council has now adopted a report on the proposal of a water supply from Mr Wilson, Civil Engineer, with an estimated cost of not more than £12,000, and are taking steps under the "Local Bodies Loans Act" to obtain a loan.

The Council hope that as Colonial Treasurer, Sir Joseph, can inform if a loan can be obtained from any government departments and at what rate of interest.

Outlines loan proposal, including security for the loan to be a special rate of two shillings in the pound, for a period of thirty years without a sinking fund.

Notes that 'it is absolutely necessary for the health of the Town and for security against fire that we should have a water supply for Tauranga', and that this is a 'rather unusual request'.

CreatorSharp, H. A.LevelItemFormatTypescriptExtent2 pagesLanguageEnglish

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RoomClimate controlled room - offsite

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Kaitiakitanga StatementWe ask that, in addition to normal copyright and privacy considerations, users of our heritage resources uphold the mana and dignity of the people, communities and places depicted within.Cultural/Ethical StatusNoaRestrictionsNo cultural/ethical restrictions apply.AcknowledgementTe Ao Mārama - Tauranga City Libraries Ams 300/3/5

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Part of Archive CollectionAms 300

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