Two loans for locomotives
(N.Z.PA.-Reuter —Copyright) WASHINGTON, Jan. 29. The United States ExportImport Bank yesterday announced two loans of about $2,050,000 each to New Zealand to help finance the purchase of 15 diesel-electric locomotives and spare parts. One loan will be from the Export-Import Bank, repayable over 10 years, at 6 per cent interest, beginning in March next year. The other is from the First National Bank of New York. New Zealand will put tip about $428,600. The locomotives would be delivered in the latter part of this year, said the bank, and would be used in the North Island for passenger and freight services.
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Bibliographic details
Press, Volume CXI, Issue 32521, 3 February 1971, Page 11
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105Two loans for locomotives Press, Volume CXI, Issue 32521, 3 February 1971, Page 11
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