LOCAL BODIES FINANCE.
WHERE MONEY IS AVAILABLE. (By Telegraph.—Parliamentary Reporter.) WELLINGTON, Friday. It was suggested to the Minister of Finance by Mr. Masters to-day that if the State Advance Office could increase the maximum advance to small local
bodies from £5000 to f 10,000, it would be | conferring a great benefit on them, particularly to back block districts. Mr. Massey replied that he was afraid there was not much likelihood of the suggestion being carried out so far as the State Advances Department was concerned, but he pointed out there were a number of other lending departments which he had reason to believe had money in hand. Members: But not at the same rate of interest. Mr. Massey added that there was much more hope of success in applying to these departments than by applying to the State Advances Office.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19220708.2.96
Bibliographic details
Auckland Star, Volume LIII, Issue 160, 8 July 1922, Page 11
Word Count
140LOCAL BODIES FINANCE. Auckland Star, Volume LIII, Issue 160, 8 July 1922, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in