SUMNER LOAN PROPOSALS
STATEMENT IN “THE PRESS” DENIED The statement appearing in “The Press” of yesterday that the efforts of the Sumner Borough Council to raise money for its loan proposals had met with a poor response, was emphatically denied by the Mayor (Mr T. Newburgh) at the meeting of the Sumner Borough Council last evening. He said that on the contrary there had been a splendid response by investors. The fact that £13,000 of 3£ per cent, debentures had been sold spoke volumes for the credit of the borough, and he was of the opinion that there was not another borough or city which could have shown a similar state of affairs. Cr. H. Y. Widdowson said that he had noticed that several local bodies had difficulties in having their debentures! taken up. 'I
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Press, Volume LXXIV, Issue 22335, 24 February 1938, Page 3
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135SUMNER LOAN PROPOSALS Press, Volume LXXIV, Issue 22335, 24 February 1938, Page 3
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