LOANS BOARD RESTRICTIONS
The approval of the Local Bodies Loans Board of loan proposals aggregating £8950 was notified to the Birkenhead Borough Council last etening. Separate sanction of each issue had been given, though no objection would be offered to the whole being raised a< one loan. The three proposals are £3250 for acquiring a recreation ground at Birkdale and constructing a swimming pool at the Birkenhead wharf; £470 for constructing boat lockers, staging and skid in the vicinity of the proposed baths; and £5230 for water supply reticulation extensions. The board/ however, declined to sanction the sum of £1050, of which £712 was for payment of interest and sinking fund for the first year, and £338 for the development of the recreation ground. With regard to the latter amount, the board considered that at the present -tautexpenditure of loan money or. the development of . a park in the sugge-nd Ic-aiity ua- nui justified. A
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19280526.2.121
Bibliographic details
Auckland Star, Volume LIX, Issue 123, 26 May 1928, Page 11
Word Count
155
LOANS BOARD RESTRICTIONS
Auckland Star, Volume LIX, Issue 123, 26 May 1928, Page 11
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.
This newspaper was digitised in partnership with Auckland Libraries.
Log in