THAMES BOROUGH LOANS
PROVISION FOR INTEREST
LOWERING OF RATE LEVY.
(By Telegraph—' ~cesa Association. j THAMES, March 10.
Mr C. L. Grange, the borough commissioner, has fixed the rate for 1934-35 at 3s Old in the £ on 75 per cent, of the present valuations, except where advantage has been taken of sections 45 and 50 of the Valuation of Lands Act. Th'rs represents a 13 1-3 per cent, reduction compared with 1933-34, and includes five per cent, discount on payments of monthly instalments within 30 days of the due date. The estimates provide for a total levy of £15,392, and the estimated collection is £11,967, or 67 per cent., the same percentage as 1933-34. Provision is made for the pavment of per cent, of the interest due to debenture holders after a reduction of 20 per cent. The estimates also provide for an increased 1 hospital levy. The borough advisory committee has approved.
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Bibliographic details
Hawera Star, Volume LIII, 10 March 1934, Page 9
Word Count
153THAMES BOROUGH LOANS Hawera Star, Volume LIII, 10 March 1934, Page 9
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