BOROUGH AS BANKER.
SCHEME IN WANGANUI.
[BY (TELEGRAPH.— ESS ASSOCIATION.] Wanganiji, Wednesday. With regard to the Gisborne Borough's proposal to accept money on temporary
loans from local residents, this is no new [scheme as far as Wanganui is concerned. Some three years ago the then Mayor inaugurated a scheme by which money is accepted, being repayable at • call. The rate of interest is 3£ per cent., instead of the 4 per cent, proposed by Gisborne. The scheme found great favour, the amount on deposit being usually some £20,000.
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Bibliographic details
New Zealand Herald, Volume L, Issue 15326, 12 June 1913, Page 8
Word Count
88BOROUGH AS BANKER. New Zealand Herald, Volume L, Issue 15326, 12 June 1913, Page 8
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