LOCAL BOOK LOANS

Hawera & Normanby Star, Volume XLI, Issue XLI, 10 September 1921, Page 7

LOCAL BOOK LOANS

CONSENT GRANTED. (BY TELEGRAPH —PKESS ASSOCIATION.) WELLINGTON,'Sept. 8. | Consent _ has been given to raising the following local body loans: Bay of ■ Islands Harbour Board (purchase of , wharf and improvements) £40,000; Timaru Borough Council (electric power i light works); £50,000; Timaru Borough Council (improving and extending waterworks) £10,000; Timaru Borough | Council (purchasing omnibuses, etc:) £3000. The following maximum rates of interest for local loans have been prescribed:— Si — per cent: Matamata County Council. £12,000 (to purcnase road construction plant and machinery); Cambride Electric Power Board, £10,000 (for electric works construction). 6j per cent: Wellington CSty Council, for £100,000, to be borrowed in Australia for, inter alia, the supply of street works,-tramways, baths a.n& general improvements. 7 per cent: Napier Borough Council for loans totalling £89,200, to he raised beyond New Zealand for electric power plant, tramways plant, tramway track, sew erage works, waterworks, etc.