The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1880-10-12 00:00:00

rug ATILAWrI 'ono.

The MAYOR remarked that some time ago he read •
letter from the Mayor of Portemouth, with reference to
the fund for the relatives of those lost in the Atalanta
The =Att., seemed to be warmly received in the Council,
and he got out collecting cards, and some were put at the
banks and other piece.; but the subscription@ Wale very
small, and he reminded the Council end the public that
the lists are about to be closed, and if they intend to gin
that stall I 'N3 co at 1 It I

TIIIII6I POND BEHIND AIOTLE TERRACE.

This timber pond having been offered to tie Great
Western Railway, with a view of getting it filled up, the
following letter bad been received in reply :

" Engine Shed, Weymouth, Argyle Timber Pond."
" Dear Sir.—The expense of filling in and the cost of
extra foundations for building will be very heavy, as the
adjoining owners must be oettlel with. The oompaay are
at present without powers 0 meet this and other
difilcultiaa It is thought beet for the present to treat
with the Caworation for this pond under these circum-
stancee. I will endeavour hi buy part of the adjoining land
for building, and thus extinguish the water-rights (which
although of little or no value are obstacles). This will
render the pond of more value hereafter U required for
extra siding, land or other similar purposes without
buildings. TILAILkilli you for your trouble.
"1 am, dear sir
" Your! radical%
'J. It. BONNY."
In answer to Mr. CURTIS, the MAYOR stated that the
waterrights, though nominal, still exist. although the
brickyard on the shore of the pond hag disappeared.

LOAN ON 'fat PILZ Pant BONDS.
Mt INTIMIST ON Sat NONZT 17NUSID.

A letter was read from Meters. R. and R. Williams and
with reference to the advance of £4.00e.
Mr. Roues wished the money to be drawn only as
wanted, instead of being invested in Exchequer bonds, for
on the latter only 21 per cent. interest is payable, whereas
the interest payable on the loan is 1:5 per cent.
The MAYOR doubted whether the arrangement could be
made, and Mr. MILLIDOE asked why they should depart
from their old cuitone.in itieh.matters._

r. Rous said If he ht 4 been each a Conservative as
to think all that had been done was rlzitt, there would not
have been much Improvement in the Park.

- Th. Tows CLIII .aid it ould be impi9stbL, to
carry
out Yr. Robins's eugzeition.
Yr. Roams nuderstend an offer had been made, to let
the money remain at CS per cent.
The TOWN Cut= said be bad no offer In writing.
Messrs .Thornton, Williams, and Sykes, the Town
CLERK stated, were th,se who advanced the money, not
the original bondholders...

If the Mayor could suggest any
cc onomical plan than that proposed.
The MAToI sold No, and ex oleieed the eneeeemnte
with respect to Exchequer loondr,
Mr. Aruoutuer asked if arrangements could be made to
pay interest as the money was drawn.
Hr. Deems and others said the loss would be only • few
pounds.
Mr. wnusa We are lUltiliad in saving what money we
can if it was only VI.
Tim )(Arun /innocent' the rate of discount nOin up to
SA per cent., will you make any arrangement with Meows.
Williams in that cave f
Kr. Loynts, thought the Council were bound to help
the sufferers by the speculation in Pier bonds who had
loin thereby. It was said that if report spoke trite, they
had not lost.
Mr. WALK= said the Counci! ought to be ask they
would be safe with Exchequer bonds would they be sae
with the money left in the Bank t
Mr. Wawa I think the whole of the banks in this
borough are safe enough to hold that money.
Mr. Lutes : Banks have broken. I should prefer, if
I were treasurer, to have the money inverted.
The Maros moved the investment of /3.500 as some
eXISMSOS had been already incurred.
Seconded by Mr. Alderman MILLSDOX.
Mr. Roams and Mr. Haan moved that the money be
left at the Bank, at £3 per cent, I. be drawn when
required. In the course of some remarks, Mr. Robena
stated his wish that an attraetive pagoda be erected on the
Parr. He wished to have • pier to start with in the
that they might look with aatisfsetion on. He reeascu:A
that coo had been received from the Pier since April
Mat, and the out-going had bent very little, but he would
allow that meter to stand over. There was an amount of
Add In the hands of the treasurer.
Mr. Com= : Of course that is bearing interest I
The Mato': It is • quite • new idea that the treasure,
should Dar interest.
The Council biota to divide on the question whether
the surplus money until it is used shall be invested in
Exchequer bond., or whether it sball be allowed to remain
in the Bank at fn per cent.
The members voting for the amendment held up their
hands, and they numbered shoat a dozen: but on •
suggestion it was renewed to make Mr. Robenes idea •
recommendation to the treasurer instead of • direction,
and with this alteration it was made the substantive
resolution and carried, the wording being as follows
That the Treasurer he recommended that the amount
now advanced on the Pile-pler account be deposited at
Mews. Williams and Co.'s Bank. on deposit be drawn
from time to time on their paying three per cent. interest
on the sum remaining in their hands from time to Wm.,'