STATE ADVANCES
CHARGES TO BORROWERS
PROM BANK LOAN.
(By Telegraph—Special to Star.) WELLNGTON, Sept, 30. The Prime Minister corrected, a. reported statement that charges to borrowerg for State-Advances loans from the fund provided by the Bank of New' Zealand loan to the Government would be 61 per cent. He informed the House that, when questioned by the leader, of the Opposition, he had replied that the rate of interest would be 5) per cent. He was then asked if this included sinking fund, and replied in the negative. The amount of the sinking fund would vary according, to the. length, of a loan, but he thought it. would be one per cent,, so that interest and sinking fund combined would be 6J per cent, approximately. “I do not. trouble about mistakes as a rule,” added the Premier, “but this is too important, to overlook.”
Mr Holland: “It is.refreshing to find them making mistakes about you.” (Laughter.).
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19240930.2.43
Bibliographic details
Hawera Star, Volume XLVIII, 30 September 1924, Page 5
Word Count
156STATE ADVANCES Hawera Star, Volume XLVIII, 30 September 1924, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. 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