WELLINGTON HOSPITAL.
PROPOSED LOAN OF £50,000.
' A loan of £50,000 is to be sought from the Public Trustee to meet tha cost pf proposed additions -to the Wellington Hospital. ' The loan will be for. a term of 21 years at' 6 per cent,, ; with a ! sinking fund of £2 16s per cent, per annum. The chairman, Mr. P. Castle, stated at a meeting of the board last week that he and Mr., Luke had / gone very carefully into the matter,'"arid were inclined to accept ; the Public Trustee's ' offer Xat 6 per cent. They v had, however, r had < another talk, and had ' come to the - conclusion that it might ;be X;advisable '■■. to '; try the debenture plan of raising the , necessary money. ;" If ;i they could raise it; at 54 per cent, it would mean the saving, over 20 years, of a considerable amount of money, He was ' satisfied that the - possibilities of raising ; the money, by C debentures had not been exhausted. ■
A proposal by a committee to negotiate with the Public Trustee was : adopted.
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Bibliographic details
New Zealand Herald, Volume LX, Issue 18518, 1 October 1923, Page 8
Word Count
175WELLINGTON HOSPITAL. New Zealand Herald, Volume LX, Issue 18518, 1 October 1923, Page 8
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