Local loans campaign
New Zealand local bodies will start a national advertis[ing campaign to attract private investors back to their sagging loan market. The Christchurch City Council’s policy and finance committee has recommended that $5OO of council money be given to the campaign. Sparked by the Municipal Association, the advertising would tell private investors that local authority loans could now compete with interest rates offered by other sectors. A national campaign would cost about $15,000, partly paid by a $5OOO grant from the association.
Other local bodies would contribute from their individual loan advertising funds. In the last 10 years, private investment in local body loans has fallen from S32M to $7.2M. or from half of the total raised in 1966 to 3.5 per cent of the total ' raised last year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19760915.2.80
Bibliographic details
Press, 15 September 1976, Page 11
Word Count
131Local loans campaign Press, 15 September 1976, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in