HOSPITAL BOARD LOAN
RATE OF REDEMPTION ALTERED
The conditions of repayment of a £150.000 loan to be raised by the North Canterbury Hospital Board are altered by a recent Order-in-CounciL An Order of August 12, 1953, consented to the loan—known as the board's loan, No. 12, 1953—with halfyearly redemptions, spread over 10 years, increasing from £lBOO to £2500. leaving a sum of £109,000 to be repaid in the twentieth half-year.
The latest Order, dated September 9, alters the. half-yearly redemptions. These are now specified as 20 payments each of £3OOO, with a final payment. at the end of 10 years, of £90,000. Maximum brokerage, underwriting and procuration fees have been raised from i per cent, to J per cent
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Bibliographic details
Press, Volume LXXXIX, Issue 27151, 22 September 1953, Page 10
Word Count
119HOSPITAL BOARD LOAN Press, Volume LXXXIX, Issue 27151, 22 September 1953, Page 10
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