LOANS APPROVED.
AUCKLAND TRANSPORT,
£526,600.
MAXIMUM INTEREST 51 PER CENT
(By Telegraph.—Special to "Star.")
WELLINGTON, this day,
The Local Bodies Loans Board has approved the Auckland Transport Board development loan of £526,600, which has a term of 20 years, with a 3 per cent sinking fund, and a maximum interest rate, of 5* per cent. .
Other loans approved are; Franklin Electric Power Board, special loan, £25.000; Mount Albert Borough, Mornir.frside , reserve loan. £8500; Mount Albert Domain, £1500; Gribblchurst Park, fSSOO; Waitemata County, Waipareira: Biding loan, £15,000.
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Bibliographic details
Auckland Star, Volume LX, Issue 133, 7 June 1929, Page 3
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86LOANS APPROVED. Auckland Star, Volume LX, Issue 133, 7 June 1929, Page 3
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