DIFFICULTY IN RAISING MONEY
DUNEDIN CITY COUNCIL S PROBLEM 'Unileri "rear AatsMuntlnnl DUNEDIN, This Day. The City Council's difficulty in raising money at the Government's prescribed rate was emphasised last night by Councillor Taverner, who said that the ratepayers had sanctioned loans but until the Government either sanctioned higher interest or made the money directly available it was not possible to proceed with proposed works. He added: "In this city there are some fairly large aggregations of capital nut fully employed, especially in the hands of trustees and societies which would come our way if the rate of interest were only a little higher."
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Nelson Evening Mail, Volume LXXII, 18 April 1939, Page 4
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104DIFFICULTY IN RAISING MONEY Nelson Evening Mail, Volume LXXII, 18 April 1939, Page 4
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