Local Body Loan Market Quiet
May was a quiet month for local body loan raising with the Lyttelton Harbour and Central Canterbury Electric Power Boards the only bodies with loans on the market.
During the month the harbour board raised £49,130 which was outstanding on its £275,000 second instalment port development loan (No. 7), 1963, opened in December.
. Application has been made to the Local Authorities Loans Board for permission
to raise another £o.sm. for the port development loan No. 9, 1964, said a spokesman. The Central Canterbury Electric Power Board’s £42,000 building loan for the engineering and administration offices which will be comp.sted soon in Hornby, has received little publicity since it was opened last year. So far £35,000 has been raised, leaving about £7OOO outstanding. Details of loan money raised during May with the amount outstanding, are: Raised O'stg. £ £ Lytt. H.B. 275,000 C.C.E'P.B. (to end of May) 35.000 7000 £310,000 £7OOO
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Bibliographic details
Press, Volume CIII, Issue 30454, 30 May 1964, Page 16
Word Count
153Local Body Loan Market Quiet Press, Volume CIII, Issue 30454, 30 May 1964, Page 16
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