For the Information of the People of Greymouth,

Grey River Argus, 16 September 1904, Page 3

For the Information of the People of Greymouth,

Borough of Greymouth. i Overdraft loan 1904. Loan of. £2500. Interest 5 per cent. Issue of 50 debentures of £50 each to pay off overdraft under Clause 14 of the Local Bodies Loan Act 1901. The de- j bentures will bear interest at the rate of 5 per cent, per annum, payable halfyearly on Ist July and Ist January, the first coupons being pro rat a for the unexpired term payable on Ist January, 1905. The currency of the loan -will expire on the 31st day of December 1911. Principal and Interest are payable at the Town Clerk's office, Greymouth. The security for the saidloan is as follows : — 1. The rent and profits from the gas and water works. An annual recurring rate of 5-16 of a penny in the pound on the rateable value of the rateable property in the Borough on the unimproved basis. 3. The provisions for repayment are proposed to be made by redeeming one. debenture of £50 each year by ballot, which will be drawn on Ist July in each year.