LOAN TURNED DOWN
ATTITUDE OF GOVERNMENT LIFE OFFICE, ' HOSPITAL BOARD ALLEGATION. PROTEST TO PREMIER AND FINANCE MINISTER, % (lYoss Association). DANNEVIRKE, Sept. S. Tho Dannevirke Hospital Board, contemplating a new building scheme, applied to tho Government Life Office for a loan of £25,000. At tho board meeting to-day, the general manager of the Government Life advised that his board was unable to entertain the application. Tho chairman of the Hospital Bo i.-d Ai r L. Stein, said he understood the Government Life Office had any amount of money available, but would not lend at 3$ per cent. Seeing that other Government institutions were lending at that rate he considered that tho Government Life Office was inconsistent and suggested that as this was an important matter concerning local bodies, tho board should foiward a protest to the Prime Minister and the Minister of Finance. It: would seem that the only excuse for t-'io Government Life Department not granting loans at 3>V per cent, was that it desired to make as much as it could in bonuses for the policy-hot l-
The Board decided to take the mat-t-r up with the Premier and Mr Nash.
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Bibliographic details
Gisborne Times, Volume LXXXV, Issue 12962, 10 September 1936, Page 6
Word Count
192LOAN TURNED DOWN Gisborne Times, Volume LXXXV, Issue 12962, 10 September 1936, Page 6
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