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BETTWSYCOED.

TREFRIW.

LLANDDOGET.

FESTINIOG.

LLANDDEWI.

DEGANWY.

GWYTHERIN.

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Rhyl Loans. SUCCESSFUL NEGOTIATION. At Monday's meeting of the Rhyl Urban Council the following proceedings of a special meeting of the Council respecting proposed loans were submitted and ap- piovcd of:— LOANS-,3,060 FOR ELECTRIC LIGHT PURPOSES. £3,817 FOR PAVILION AND GARDENS. On the proposal of Councillor T. D. Jones, seconded by Councillor A. L. Clews, it was resolved that the several sums of £450, £3°0, £250, £1,760, and £150 be borrowed ior purposes of electric light- ing from the Trustees of the Liverpool Victoria Legal Friendly Society, of No. 18, St. Andrew-street, Holborn Circus, London, at £3 17s. 6d. per cent. per an- num ancrest, and that the said respective sums, with interest thereon, at the rate aforesaid, be repaid by equal yearly instal- ments of principal and interest combined, as follows, viz., the said first mentioned sum ot £150 in 24 years, the said sums of £45u and £300 in 25 years, the said sums ot 1.>.50 and £1,¡GO in 15 years, and the said last mentioned sum of ,£150 in 5 years from the borrowing thereof respectively. The Clerk having produced the engross- ment of the mortgages' deed No. 66, for the aggregate sum of £3,060 (being an ag- gregate amount of the said several sums of b £150, £45°, £300, £1,760, .an?, £150), agreed to be advanced by the said trustees of the Liverpool Victoiia Legal Friendly Society, authorised by the several sanc- tions ot the Local Government Hoard, four of which are dated 6th January, 1910, one other of which is dated 28th January last, and the remaining one is dated 16th June last, and reported that the same was in order. It was also resolved that the Council ap- prove of the said mortgage deed, and that the common seal of the Council be affixed thereto, and that the same be delivered to the said Trustees on their paying over the said aggregate principal sum of £3,060 to the London City and Midland Bank, Ltd., 5, Threadneedle-street, London, to be plac- ed to the ciedit oi the account of Joshua Davies, Esq., the Treasurer of the said Council, at the Provincial Branch of the said bank at Rhyl, aforesaid, against his receipt at the foot of the said mortgage deed. On the proposal of Councillor Buckle Jones, seconded by Councillor Batho, it was resolved that the sum of £3,817 for purposes of the assembly rooms and laying out foreshore, &c., be borrowed from the Trustees of the Liverpool Victoria Legal Friendly Society, at £3 17s. 6d. per cent. per anuum interest, and that the said sum with interest thereon, at the rate aforesaid, be repaid by equal yearly instalments ot principal and interest combined in 25 years from the borrowing thereof. The Clerk having produced the engross- ment of the mortgage deed No. 67 for the sum of £3,817, agreed to be advanced by the said Trustees of the Liverpool Victoria Legal Friendly Society, as authorised by the sanction of the Local Government Board, dated the 2nd June, 1910, and reported that the same was in order. It was also resolved that the Council ap- prove of the said mortgage deed, and that the common seal of the Council be affixed thereto, and that the same be delivered to the said Trustees on their paying over the said sum of £3,817 to the London City and Midland Bank, Dtd., of 5, Threadneedle- stre-et, London, to be placed to the credit of the account of the Treasurer, Joshua Davies, Esq., at the Provincial Branch of the said bank at Rhyl, against his receipt at the foot of the said mortgage deed. Proposed by Councillor F. Phillips, sec- onded by Councillor J. H. Ellis, that a cheque be drawn for £46 12s. 6d., to pay Z. R. Killey, Esq., solicitor, being the amount of his legal charges, stamps, &c., acting for the mortgagees in the matters of the above-named loans.—Carried unani- mously. Pioposed by Councillor T. D. Jones, sec- onded by Councillor J. H. Ellis, that the Clerk be and is hereby authorised to make the declarations tand all things necessary for the completion of the Loans.—Carried unanimously. (At a subsequent meeting of the Finance Committee the Clerk reported completion of the mortgages, &c., on Tuesday, the 8th ult., at his office, and that the money, £6,877, had been paid to the Treasurer at the Rhyl Bank, on the 3rd inst. Mr. Killey, solicitor for the lenders, was in attendance at the completion, to examine and pass all the papers relating to the loans.

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