Dr. J. W. Stanton Studying it was down to $1,264,000—the smallest amount during the whole period with the exception of 1927. Now that the windfall from the sale of the Electrict Department has been practi cally exhausted, the question financing any serious scheme for ex-editing "the road-widening - programme becomes Increasingly dimeatt "Ht will be obvious that the cost of road-widening increases with the rise in land values, so that if the General upward tendency continues Gs it Is bound to do in those parts of the Settlement where development has not yet reached saturation point) a correspondingly greater amount will be required each year merely maintain the present slow rate of ac-Qulsition. 'This in Itself constitutes a strong argument in favour of a change over from the present piecemeal system, and this argument is reinforced when one remembers that tioned i plentiut' and' cheap. Jat now, and Debentures are ea ly sought by investors "Instead of the Council playing the waiting gime, it should' make an Intensive study of the whole question, decide on a boldly planned arterial oad scheme, and stt about bringing that scheme into effect at the earlies possible moment, "It is useless to pre-Varleate on the score of expense—that only gets greater as time passes and when times are. better and business booming, money which is now available at low rates of interest will be more profitably employed elsewhere, and Gp will go the cost of any Council financing.
An Mlustration "Let me give you an illus the way in which land values have Figen along those roads where the Council has carrie out improvements, and the effect which such increased values have bid on the cost of road Widening. You will all know Chengty Road—especially where it crosses Bubbling Well Road? Prior to this road being scheduled as an arterial North to Souh thoroughfare, it had particular claim to. importance. Te was irregular in width. and led nowhere in particular:. Coming up from the south, it crossed Weihaiwe! Road and then' stopped altogether at Mandalay Road. Between it and Bubbling Well Road stood the Commissioner of Customs" house and the! Tallan Consulate. Further north it started again on the other side of Burkill Road, a narrow, irregular road, little more than a lane in parts, and wandered on its way to Soochow Creek.
Text read from the printed page and cleaned; old type leaves the occasional error.