AUCKLAND CITY LOANS.

Auckland Star, Volume LIV, Issue 81, 5 April 1923, Page 4

AUCKLAND CITY LOANS.

ISSTJES AJTD PaOPosji^ COMPLYING WITH FLX^o- '^' LE .\(| BALANCE OF ISSUED a^ A notice in the latest Gaz»i, > " scribes the term for which the Z) ' City Council may borrow & authorised to he raised for Kn 3 antecedent liability. \ 3 a **«! fact the £89.500 in question Z . ' some time ago is part of .t de £l !! ' loan, which in addition provide/! for the destructor, £18.000 i„ ' abattoirs, £10,000 for the 7 £23.000 for drainage purposes. 1 sent notice i- a technicality to »' will, the Finance Act of last Teat City Council, together with othefl authorities, did not want this w.,' contending that the existing ±*. sufficiently safeguarded the banker others concerned, but the Goverr introduced and passed it nevtrtk Ihe loan reierred to in the Gazetb raised in Australia at 5J per cent money being paid in Auckland. Another Ca/.ette notice author!* council to borrow the sum of fift being the balance of a consolidated! of £.-,00.000. .the term prescribed, twenty-one years. This f 100,000 i, unissued balance of the council', 1 million loan, but £23,000 of thig £to was included in the £150,000 l oat drainage purposes. The allocate the balance is as follows:— £3500 the tramways: £2.1000 for the lL Board: and £17.000 for city &? that is to say, for expenditure W council itself on reticulation etc' the present time the City Council h» further loan issues in contempt but loan proposal- on entirely netri, are to be put before the rat epaTe „ the 2bth inst.. as follows:- fTn'ta tramways: £20.000 for the Zoo- fij for streets: £1(1,000 for libraries T proposals will he the subject of a■■ by the ratepayer- on the same dafl the municipal elections take place* in the I own Hall on April '3 thelS will deliver an address dealimfß these proposals and with civic tuß istration generally. ""■