LOCAL BODY LOANS
applications to board TOTAL OF £194,845 APPROVED [BY TELEGRAPH—PRESS ASSOCIATION] WELLINGTON, Thursday At a meeting of the Local Government Loans Board 13 applications for sanction to raise loans totalling £214,316 were dealt with. Loans amounting to £194,845 were sanctioned, including £132,940 in renewals, and £61,905 for new works. The balance, namely, £19,471, was partly leferrod 1 back to the local bodies concerned for further consideration and partly declined. The progress a of. local body debt conversion wds also ''(?oht'nii(sU pursuant to the Local Authorities Interest Reduction and Loans Conversion Act, 193233, and amendments. Applications from 12* local authorities were dealt with. Existing securities totalling £419,092 were affected and after utilising sinking funds and adding premiums where appropriate, sanction to conversion into new securities to a total of £409,408 was given.
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Bibliographic details
New Zealand Herald, Volume LXXII, Issue 22147, 28 June 1935, Page 12
Word Count
133LOCAL BODY LOANS New Zealand Herald, Volume LXXII, Issue 22147, 28 June 1935, Page 12
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