MUNICIPAL FINANCE.
LOAN RENEWED. The loan raised by the Christchurch City Council /wherewith to build the municipal offices, matures on the 30th inst., but a new loan was arranged for and the whole amount has been taken up locally at par. The original loan was for £6000, and was raised at 4| per cent. Accrued sinking fund totalled £750, and the amount which has just been raised locally by means of debentures was, therefore, £5250. It is understood that considering the state of the money market the debentures were sold under satisfactory conditions.
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Bibliographic details
Press, Volume LII, Issue 15769, 9 December 1916, Page 4
Word Count
93MUNICIPAL FINANCE. Press, Volume LII, Issue 15769, 9 December 1916, Page 4
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