SHOW FOR EDUCATION.

New Zealand Herald, Volume LVI, Issue 17274, 25 September 1919, Page 9

SHOW FOR EDUCATION.

$%®sEfl TO BORROW £3,500,000.

UNIVERSITY BUILDINGS. PROVISION FOR HOSTELS. [3T TEXEGRA.PH.— SPECIAL RETORTER.] WELLINGTON. Wednesday. Power to borrow £3.500,000 within the next five yours is proposed in the Education Purpose.s Loan Bill introduced in the House of Representatives to-dav The amount authorised to be borrowed in the financial year ending March 31, 1920. if £500.000. For each of the four following financial \ears £760,000 Is to be borrowed. The purposes to which the money ie to foe applied a." detailed are: — (1) The acquisition of land required for the purposes of the New Zealand University or iiny institution affiliated thereto, and the erection, structural alteration, and equipment, of buildings used for the purpose? of the university or any such affiliated institution. (21 Similar provision for any school {with the addition of the acquirement of sites for teachers' residences and for the purposes of th* Industrial Schools Act 1908). (3i The acquisition of land or buildings »nd the erection. structural alteration, improvement, and equipment of buildings to be occupied a*, hostels by students attend ing any university or any educational indention established and maintained under the Education Act s 1914.