You would have heard that industry representatives have not rushed forward to help, but now that they face an uninviting rating alternative, discussion should follow. Forestry owners have accepted the issue and are working through the numbers ,and quarries will follow. In spite of this progress you chose to publish an excruciating long-winded submission from an angry German who thinks the whole thing is a conspiracy for me to buy his farmlet cheaply. It isn't.
Your editorial suggests this is a deeply indebted council, yet if you read our published financial position at March 2013 you would see FNDC debt at $80 million out of total assets of $1.58 billion, or 5 per cent debt to assets. FNDC debt per rating unit is about $2200, or half of Whangarei's and one-third of Kaipara's. I note that at March 2013, APN, the company that Northland Age employees work for, has $479 million of debt out of a total assets of $1.35 billion, or 35 per cent debt to assets, so you should worry.
They also published an operating loss of $ 577 million, so this is a case of the pot calling the kettle black, and apologies are due to FNDC.
You decry FNDC's vision, which is to charge according to the demand caused by our ratepayers. Given that your paper receives a big chunk of its income from advertising from commercial and industrial ratepayers, who would receive a decrease under the current proposal, it is hard to understand your vision of bemoaning this saving in favour of your advertisers continuing to subsidise rural truck roading damage that they do not cause.
WAYNE BROWN
Mayor