✨ Provincial Government Correspondence and Finance
98
constructed much quicker than was originally intended was such that I did not think Parliament would be inclined to sanction either the raising or expenditure of much other borrowed money for a year or two, until the Colonial works were more nearly completed. At the second interview, your Honor having taken into consideration what I had said, proposed to reduce to about one-third the amount which you had contemplated asking authority to borrow, and enquired whether the Government would support a measure for raising the amount on the security of, and in anticipation of the proceeds of the blocks of land proposed to be set apart.
Your letter under consideration now puts the enquiry into a specific shape. It has received the careful consideration of the Government, and I have the pleasure to inform you that the Government will support in the Assembly a Bill enabling your Honor to obtain by mortgage, within the Colony, the advance you ask for in your letter. The Government, however, make it a condition that you do not act in advance of such prospective power; and as it is certain that with the power obtained you will be able to make the arrangement, the Government think it would be premature at present to enter into any negotiations, and would prefer you not doing so. Such negotiations might be entered into after the Bill passes, or whilst it is on its passage through the Legislature, with the clear understanding that the whole plan is dependent upon the approval of the Assembly.
- The Government think, as the blocks are not yet settled, and they possibly might be away from the locality of the works proposed by your Honor, that at least ten thousand pounds of the amount proposed to be raised should be dedicated to roads for the benefit of the blocks in question.
I have, &c.,
His Honor the Superintendent,
Wellington.
Julius Vogel.
Appendix K.
CERTIFICATE FROM BANK OF NEW ZEALAND.
Bank of New Zealand,
Wellington, 17th April, 1874.
I hereby certify that the balance of the Provincial Account of the Province of Wellington at the close of business at this branch, on the 31st day of March, 1874, was three thousand five hundred and seventy-four pounds thirteen shillings and sixpence (£3,574 13s. 6d.), sterling.
W. B. Buller,
Pro. Accountant.
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Wellington Provincial Gazette 1874, No 12A
✨ LLM interpretation of page content
🏘️ Provincial Government Support for Land Mortgage Bill
🏘️ Provincial & Local GovernmentLand Mortgage, Provincial Government, Borrowing, Roads, Wellington
- Julius Vogel, Correspondence regarding land mortgage
- Julius Vogel
💰 Bank of New Zealand Certificate of Provincial Account Balance
💰 Finance & Revenue17 April 1874
Bank Certificate, Provincial Account, Balance, Wellington
- W. B. Buller, Pro. Accountant