Northland Farmer Tenders £20,000 Cheque
t AUCKLAND, This Day. * I The financial surprise of the ? t past week in Auckland was pro- i f vided by a Northland farmer, | I who walked into the Auckland t • • Electric Power Board office, stat- i f ing that he wished to invest in the j I board’s loan of £290,000, and ten- | I dered a cheque for £20,000, ? | So far, he is the largest in- i t vestor in the loan, but there has • • been such a good response from | | small investors that since appli- | ? cations w r ere invited on July G, i | the sum of £223,400 has been | i subscribed. | I The loan is for a term of 20 f ; years at 41 per cent, interest, and i ? the ready response indicates that | i there is no shortage of money for | I investment on sound local body • • securities provided that the rate i ? of interest is sufficiently attrac- | i tive. I
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Northern Advocate, 18 July 1939, Page 6
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160Northland Farmer Tenders £20,000 Cheque Northern Advocate, 18 July 1939, Page 6
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