HARBOR BOARD LOANS
SELECT COMITTEE'S AMEHDHEKTS [From Qua Parliamentary Reporter] WELLINGTON, August 13. The Otago Harbor Board Empowering Bill has boon reported with amend-ments-by the Local Bills Committee. The board’s power to borrow is specified'in tho new schedule as follows: Acquisition of dredging plant, £125,000; reinstatement of North Spit mole, £110,000; railway connection with Victoria wharf, £7,000; harbor warehouse, £25,000; renewal of Birch street wharf, £35,000; finishing Leith canal, £6,000; extension of Victoria wharf, £20,000; new shed, Rattray ■ street wharf, and cargo handling appliances, £22 000. Total, £350,000. The board is authorised to establish a sinking fund of not less than i per cent, in respect to tho renewal of loans totalling £933,000 fading duo in 1928 and 1934. It may apply surplus moneys from tho works named in the schedule for. tho completion of other specified works; or, if there is a surplus cm tho completion of tho scheduled work's, it may ho paid into tho sinking fund.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19260814.2.119
Bibliographic details
Evening Star, Issue 19328, 14 August 1926, Page 11
Word Count
159HARBOR BOARD LOANS Evening Star, Issue 19328, 14 August 1926, Page 11
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.