CONVERSION SCHEME
EFFECT ON RATES
COMMERCIAL MEN ALARMED
(By Telegraph.—Press Association.)
_, CHRISTCHUBCH, This Day. An emphatic protest is made by the Canterbury Chamber of Commerce against proposals 'which have been under consideration' by the Christchurch" (City Council for consolidation of all special loans as part of a conversion scheme.
_ The chamber states that the council's proposal for the consolidation or amalgamation of all special loans and rates within the area of the city, with a view to conversion of rates of 'interest to the statutory rate, is alarming in view of the possibility of this amalgamation resulting in large increases in the amount of annual special rates payable by residents and business people in certain .areas, notably in the central area. .
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https://paperspast.natlib.govt.nz/newspapers/EP19340514.2.58
Bibliographic details
Evening Post, Volume CXVII, Issue 112, 14 May 1934, Page 8
Word Count
121CONVERSION SCHEME Evening Post, Volume CXVII, Issue 112, 14 May 1934, Page 8
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