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-TRUST'S -GUARANTEE. <

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TRUST'S GUARANTEE. < NONEY THAT MAY BE REQUIRED I AT END OF YEAR. At Swansea Corporation meeting on Wednesday, The Mayor mentioned the informal conference that had taken place between members of the Corpora-tion and the Har- bour Trustees in connection with certain mooeys that might possibly be required by the Harbour Trust at the end of the year, under a guarantee that was entered into about the time of the completion of the King's Dock. The Harbour Trustees had appointed a committee from their Finance Committee, and they were anxious for the Corporation to appoint a committee to meet them. Alderman Tutton moved that the Finance Committee be appointed. Alderman D. Davies referred to the amount of the guarantee, which he understood was Y,150,000, and said he wanted to know whether the Corporation was under any legal liability to produce that sum. This was not the only way in which they found money for the Harbour Trust. The Harbour Trust was made up of interests which were not all public in- terests. The Town Clerk said there was no obli- gation yet. Alderman Colwill suggested that the fown Clerk summarise their obligations and circularise each member of the Coun- cil, and then a special meeting could be convened. The Mayor: The Finance Committee will report to the Council. The money will be required by the 1st January. A Matter for Finance Committee. I Mr. Matthews r-emarked that this was a matter chiefly for the Finance Com- mittee. but he did not think there were more than one or two Corporation mem- bers on the Finance Committee, and it was undoubtedly a matter of extreme im- portance from the point of view of finance alone. lie hoped the Finance Committee wculd not (Jfeject to a sub-committee of the Corporation members joining the sub- Finance Committee to act in the matter. But there were other matters outside finance altogether. Mr. McDonnell said he was sure the Finance Committee would be happy to receive the assistance of a-cy member of th-) Council, and especially the chairmen of the committees. Alderman Tutton pointed out that the Harbour Trustees had not appointed any of the Corporation members on the Finance Sub-committee, but had, he be- lieved rightlj, formed a committee inde- pendent of Corporation members. So he suggested sending a purely financial sub- committee to meet them, inasmuch as the question at the moment was a purely financial one. The committee could then report exactly the legal objection, etc., and anv other aspects of the question could be considered by other committee if necessary. As to those aspects, he had his views, but he woiiid not state tl cm now. Mr. Merrelfs's Contention. Mr. Merrells said at the time the agreement was made with the Harbour, Trust, a then member of the Council made an objection that the Harbour Trust had obligations it had not met. He thought the time had now arrived when they could ask the wn Clerk to tell them the Trust's obligations to the Cor- poration. The Corporation could then ask the Turst to fulfil their obligations a160. It was agreed that the committee to meet the Harbour Trust sub-committee should be the finance sub-committee with the Corporation members on the Trust. Mr. Powlesland's Action. Mr. J. Powlesland asked the Mayor to accept his resignation from -the Finance Committee. He took it as an in- sult to the Finance Committee to suggest ,by any action such as this that it was not qualified to carry the matter through without assistance from outside. There were apparently only about five people on the Council who could do anything! The Mayor said he could not accept the resignation that day, but would leave it for the next meeting.

V.T.C. FOR AMMANFOflD.

CONTRACTOR COU RT-MARTIALLED.

BIRTHDAY OF THE PREMIER.

GIFTS TO -SWANSEA, <

I STOLE A BOOT SCRAPER.

I SENT DOWN FOR A MONTH.

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RATES DOWN -2d. __!_

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THE -SQUANDERERS.

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I HEAVY FINE.

I ARRESTED AT CAMP.

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