LONDON COUNTY COUNCIL.
DEFENCE OF ITS STABILITY.
United Press Association—By Electric Telegraph—Copyright. (Received March sth, 8.58 a.m.) LONDON, March 4. Lord Welby, ex-Chairman of the London County Council, dealing with the Bank of England's refusal to advance the £5,000,000 asked for, declares tliat ths Council is financially Roundi and that, the sinking fund is sufficient to pay the entire debt in thirty-seven years.
[The London County Council asked for a loan of £5,000,000, but the Bank of England, becoming ainrmed at the Council's enormous expenditure, would only offer £2,000,000, with the result that many projected works of the Council were abandoned.]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19030306.2.34.3
Bibliographic details
Press, Volume LX, Issue 11525, 6 March 1903, Page 5
Word Count
101LONDON COUNTY COUNCIL. Press, Volume LX, Issue 11525, 6 March 1903, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in