HOSPITAL BOARD LOANS.
It was pointed out by the Hon.; A. S. Malcolm in the course of the second reading debate on the Local Government Loans Board Bill in the.legislative Council yesterday that hospital boards already have an effective check planed upon their borrowing powers. They had to submit, to the Healthy Department detailed estimates 67? all loan proposals, and the plans and. specifications had to be approved before the money could be raised. Thus there was the closest supervision of hospital board expenditure, and it seemed that the Bill under discussion would involve duplication of control in their case.! The Leader of the Council ...'.(Sir Heaton Bhodes) said it might be necessary to insert a clause in the Bill to exempt hospital .boards from its operation. He promised to look into.", the matter. He also said he would, give consideration to suggestions that- the Loans Board should be required to-fur-nish reasons for declining to sanction a loan, and that local bodies should be required to establish sinking funds in connection with loans. ,,
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Evening Post, Volume 50, Issue 50, 27 August 1926, Page 6
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173HOSPITAL BOARD LOANS. Evening Post, Volume 50, Issue 50, 27 August 1926, Page 6
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