THE NEW HARBOUR WORKS. APPROVED BY THE BOARD.
At this afternoon's meeting of the Harbour Board, the Chairman flVIr. F. H. Fraser) submitted a series of resolutions embodying an arrangement which has been made with the Australian Mutual Provident Society for the loan of £150,000 for important harbour works, as contained in a report made by the Engineer last year, and outlined in the Post a day or two ago. The debentures to be issued are to bear interest at the rate of 4 per cent per annum, and a sinking fund of 1 per cent, is to be created ; the proceeds of the sale of the debentures to be kept in the accounts oil the Board as a special fund. The resolutions were adopted without discussion.
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Evening Post, Volume LVII, Issue 21, 26 January 1899, Page 6
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127THE NEW HARBOUR WORKS. APPROVED BY THE BOARD. Evening Post, Volume LVII, Issue 21, 26 January 1899, Page 6
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