CITY WORKS PLAN.
LOAN OF £377,000. POLL FIXED FOR JUNE 25. A poll of ratepayers is* connection with the raising by the Auckland City Council of a loan of £377,000 is to be taken on Thursday, June 25, the town clerk advising the council last night that the necessary authority had been obtained from the Local Government Loans Board. The total of £377,000 is made up as follows:—* . • ■"" 04 ' f Drainage within .city area 60,470 Street works, including extension of Kelson Street, and purchase Of necessary land therefor .... 266,542 Conveniences ..'.. f -^4®® Waterworks, d 0.470 Abattoir 2, 0?^ .Cost of raising tlio loan ola The term of the loan is 24 years, with interest at the rate of 3J per cent, and a sinking fund of 2£ per cent.
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Auckland Star, Volume LXVII, Issue 135, 9 June 1936, Page 11
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129CITY WORKS PLAN. Auckland Star, Volume LXVII, Issue 135, 9 June 1936, Page 11
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