General news

Press, Volume CXI, Issue 32634, 16 June 1971, Page 16

General news

Long-term loan

“I am at a complete loss to know why this investor, a firm, wants a 20-year term,” said the secretary (Mr I. S. Smith), reporting to the Central Canterbury Electric Power Board yesterday that a sub-underwriter wanted to invest $13,600 with the board for a period of 20 years. As the board’s sanction is for only a 10-year term, it was decided to seek permission from the Local Authorities Loans Board to enable it to accept the money for 20 years. Clock troubles Teething troubles with the clock recently installed on the Main South Road frontage of the Central Canterbury Electric Power Board’s new building at Hornby were commented on by the chairman (Mr L. F. Chamberlain), at a meeting of the board yesterday. “First, someone pulled the fuse, and then someone chopped the wires, but we hope the clock will be going more consistently from now,” he said. A reporter noted that all that was wrong with the clock while he was speaking was that it was four minutes slow. Games promotion Wearing costumes that were the height of fashion 50 years ago, the Rev. M. Pullar (a curate of St Joseph’s parish), Inspector L. E. Bardwell (acting head of the Timaru police district), and Messrs C. Stickings and M. Nally, all members of the St Joseph’s School ParentTeacher Association, will plunge into Caroline Bay on June 22 for three minutes to raise funds for the 1974 Commonwealth Games. Their target is to raise the $3O the school has undertaken to contribute towards the Games, anything above that going to the Morgans Road sports stadium fund and the school’s funds. —(F.0.0.R.) Longer rail-cars Extra rail-car units are to be run to meet the demand for bookings to Christchurch and return for the second Rugby test in Christchurch on July 10. Seating for another 88 has been arranged on both the morning and evening rail-cars with the addition of another unit.