£150,000 LOAN
CHRISTCHURCH COUNCIL
(Special to th 9 "Evening Post.")
CHRISTCHURCH, This Day,
Authority for the Christchurch Municipal Electricity Department to raise a loan of £150,000 to meet, capital expenditure was granted by the Christchurch City Council, last evening. That sum is part of the loan of £375,000 sanctioned by ratepayers in 1924, and known as the Electricity Distribution No. 6 Loan. ■
The £150,000 will be made available as required,, with a first instalment of £60,000 to meet immediate requirements. Members of the council were unanimous in-their decision, only three councillors speaking on the motion— Councillors J..S. Barnett (chairman of the electricity committee), M. E. Lyons (a former chairman), and G Manning (chairman of the finance committee of the council).
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Bibliographic details
Evening Post, Volume CXXIX, Issue 96, 23 April 1940, Page 11
Word Count
120£150,000 LOAN Evening Post, Volume CXXIX, Issue 96, 23 April 1940, Page 11
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