ONLY £8700 RAISED.
TRANSPORT BOARD LOAN.
AUTHORITY FOR HIGHER INTEREST. The Auckland Transport Board decided today to apply to the Local Government Loans Board for an amending Order-in-Council authorising a hljllier rate of interest than H\ per cent in regard to the recently-floated Tran:,port Consolidated Redemption Loan t\'->-iSi of £000,000.
The. secretary. Mr. C. R. Grihble. reported that only £8700 of the loan had been iaieod at the present rate, and pointed out that the Government had now agreed to the rate of interest payable by local b'xlie* being increased to 4. per cent.
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https://paperspast.natlib.govt.nz/newspapers/AS19390522.2.113
Bibliographic details
Auckland Star, Volume LXX, Issue 118, 22 May 1939, Page 11
Word Count
94ONLY £8700 RAISED. Auckland Star, Volume LXX, Issue 118, 22 May 1939, Page 11
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