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i The chairman of the Wellington Har-1 hour Board (Mr. M. Cohen) reported on Wednesday that the sale of £150,000 of s\s per cent debentures, being a part of the board's £1.000,000 loan, had been completed locally, which was an indication of the high regard in which the board's conduct of business was held by the public. The cost of raising the money had worked out at .76 per cent, or .oxinately 15/ per £100, which was very satisfactory. Mr. C'nhen added that the first part of the million-pound loan (£250.000) had already been raised, and that the £150,000 was .1 part of the second quarter of a million. The board had authority to raise the remaining £100.000. but the general manager had indicated that it would not be necessary to raise that monkey for some
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Auckland Star, Volume LVIII, Issue 47, 25 February 1927, Page 4
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139LOAN FULLY SUBSCRIBED. Auckland Star, Volume LVIII, Issue 47, 25 February 1927, Page 4
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