26th Feb, Te resolution announced to be moved this morning in favour of the construction of the proposed road along the northern boundary of Hongkew is one that ought to be carried on its merits, bat that runs a great risk of being lost because ratepayers may shy at a second large loan after the borrowing of the large sum required for the new police station, and which is required because the present station is almost falling to ieees. Shore is no question about the desirability of the proposed rond, an argument in its favour being that there {is no boundary now, and ow this ground many Chinese who live near the line refuse now to pay taxes. It is certain that large as the: sum required seems, the land will never be cheaper; and it is a much better security for the loan that will have to be issued to pay for it, than the police station is for its loan. The sum required may be considerably reduced, if the contemplated width of the road is lessened, but it will be a standing regret if the scheme is abaudoned altogether, and we are convinced that there are several economies that might be made in the general expenditure, which would help to pay the cust of the road, if the ratepayers will face it,
Text read from the printed page and cleaned; old type leaves the occasional error.