DEVONPORT LOAN.

Auckland Star, Volume LIII, Issue 301, 20 December 1922, Page 5

DEVONPORT LOAN.

ON LONDON MARKET. £50,000 AT 5U PER CENT. I.OXDOX, December )!>. On behalf of the Dcvonport Borougli Council, nil i'sue haw been made of £30.000 of .V. per cent debentures, at SL'M H'/. The'issue was over-suhwriUd. (A. and N.Z. Cable.)

The Devonport Council entered into a contract with its underwriters for t lif raising of tbi? loan on Xovemher IT. and the money is to be available on January 17. Of tlltf iiniiiimt issued. £+0,000 ie a, portion <,;" (ho £120,001) loan authorised, for r/iiul improvement*. The. balance, £10.000. is to he used to retire debentures which fell due last year in connection with :i drainage loan.