HUTT COUNTY LOANS
INTEREST RATES TO BE
VARIED
Consequent on the rise in interest rates, the Hutt County Council, at its meeting yesterday afternoon, agreed to resolutions varying the interest rates on several loans.
The County Clerk reported that the York Bay Water and Sewerage Loan of £2700 and the York Bay Private Sewerage Connections Loan of £ 1000 had both been carried by the signing of consents by ratepayers. It was resolved that the council make application to the Treasury to vary the rate of interest from 3£ per cent, to -4$ per cent, in respect of the following loans:—York Bay Water and Sewerage Loan, £2700; York Bay Private Sewerage Connections Loan,. £1000; Point Howard Water and Sewerage Loan, £4500; Point Howard Private Sewerage Connections Loan, £2000;. Lowry Bay Water and Sewerage Loam, £5000; the unraised portion of the Raumati-Es-planade;Loan of £5000, namely £2000, and that the Day's Bay Water and Sewerage Loan, £11,500, and the Day's Bay Private Sewerage Connections Loan, £5000, be raised at 4-i per cent, in lieu of:3J per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19390520.2.150
Bibliographic details
Evening Post, Volume CXXVII, Issue 117, 20 May 1939, Page 16
Word Count
174HUTT COUNTY LOANS Evening Post, Volume CXXVII, Issue 117, 20 May 1939, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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.
Log in