50 years ago

HAMILTON City Council believes it may have to spend $800,000 on industrial development between 1974 and 1978. This is the amount it has budgeted for in an outline of the city’s projected loan program. But council’s first task will be to find more than $1 million it needs to carry out all facets of its loan program for the coming financial year. It needs $293,000 to meet commitments encountered in the current financial year. Projects included in this are: Art Gallery extensions $36,000, Senior Citizens’ Clubrooms $6000, the city’s housing scheme $85,000 and roadworks amounting to $86,000. Additionally, it needs loan finance to carry out its proposed 1974-75 loan works program.