120,000 LOAN PLAN

Nelson Evening Mail, Volume 76, 26 August 1941, Page 8

120,000 LOAN PLAN

( Illusion R< II PUBLIC HOSPITAL MUST STL I’ IN REBUILDING PKOIiRAMME Christchurch, Aug. 25. I Proposals for a loan of £ 120,000 have I eon sent by tlie North Canterbury Lospital Board to its contributing local authorities. The money is required lor the first port of a rebuilding programme at Christchurch Public Hospital. The programme, which will take sev - oral years to complete, has been estimated roughly to cost £500.000. The fast work will be the extension of wards 12 and 13, and the operating theatre block and the building of a new kitchen and new laundry. It is proposed that the loan should be for a 20\ear period at 3£ per cent, interest If it is approved the annual cost, covering interest and principal, will be £s3o'. of which half will be raised in subsidy from the Government and half lrom the contributing local authorities. The annual levy payable by local bodies to the board will therefore be increased by £411)15. For Christchurch city the increase will be £lßsl. Each local body has received a letter from the secretary of the board, I Mr A. Prentice, in which he says that, j the board is now at the threshold of i its major scheme, which comprises the J rebuilding of a considerable portion of ; the Christchurch Hospital.—P.A.