' (IHOM OUR OWN CORRESPONDENT.) ! vrt s.iih.ii sa , Wairoa, July 15. Napier is going in for a big loan in order to improve the “ Iron Pot.” At least such is the intention of the Hastings-street clique who rale the roast, and wish the Harbor Board and Munidpalit; rolled .into., one. You see the original harbor loan is all but expended, } ■ the municipal loan is growing small by degrees ud beautifully lees, so that if some more bor rowed money be not soon forthcoming the de mand for labor will fall off, rents will lower, and times will be dull indeed.. No one would hare any objection to the Napier folk borrowing largely if it were not for the suspicion that they intend offering the whole provincial district as a security, such. , district to be rated to meet the current iu tereet. To strike at the root of this matter, the Wairoa County Council has already entered a strong protest. They have instructed thoir representative at the Napier Harbor Board to fermally object to any fresh loan un leas It :ls distinctly understood that the Wairoa eounty is not to be liable to rates. Wairoa is totally! unconnected with Napier, either by • c railway or by dray road, so that property here (; abonts would not benefit even if Napier pos : gassed a safe and oommodions harbor, which it f sever will , under an enormous expenditure. The member for the East Coast will also be requested to object to any fresh loan being o:.' raised Unless this county is cut out of the sting schedule. i Something tells me, however, that it will (•jSofc be an easy matter for the Napier Harbor Board to raise a fresh loan. There has been for some time past a bit of a misunderstanding between that Board and the Government Auditor. At one time it reached such a climax that the Board refused the Auditor aeoess: to the books, Ac. They have never published that Auditor’s report for theinfor- mation of the English bondholders, as by law required. > Not that there is anything wrong * with the Board’s accounts; they are right enough,.but it is generally nnderstood the dif ference lies between the Board’s estimate of itc> landed reserves and the Auditor’s idea of the same. 