£IO,OOO POWER LOAN
GISBORNE BOROUGH WORK [MY TKI.KfiHAI'H —OWN C'OItHKSI'ONDKNT] f!ISBORNK, Saturday The Poverty May Power Board today 'con fir food the chairman's action in arranging, through brokers, a loan of £IO,OOO for the provision of additional power for the Gisborne borough. The loan will bo for years, with interest at 41 per cent, and will he on the instalment, repayment principle. The money will hi? advanced m instalments, commencing from .Itilv or August next, or possibly September, and no interest will be payable until the money is actually received.
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Bibliographic details
New Zealand Herald, Volume LXXVII, Issue 23619, 1 April 1940, Page 12
Word Count
90£10,000 POWER LOAN New Zealand Herald, Volume LXXVII, Issue 23619, 1 April 1940, Page 12
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