LOANS FOR LOCAL BODIES
A GOVERNMENT FUND
SUGGESTED
(TRESS JLSBOCIATroK TELEGRAM.)
WELLINGTON. August 26
Concern at the inability of local bodies to raise loans at'the rates fixed by the Loans Board was expressed at the counties* conference to-day, and the report of the committee which considered the remits was adopted.
This report was that because considerable difficulty was being experienced in raising money'at the Z\ per cent, prescribed, and Government institutions had been unable to provide these funds, the Government be requested to provide a fund from which adequate requirements of local bodies might be found at the statutory rate.
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Bibliographic details
Press, Volume LXXIII, Issue 22182, 27 August 1937, Page 10
Word Count
100LOANS FOR LOCAL BODIES Press, Volume LXXIII, Issue 22182, 27 August 1937, Page 10
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