THE CITY LOAN
ORDER-IN-CdUNGIL NEEDED
MATTER- TO BE DISCUSSED BY CITY COUNCIL. INCREASED INTEREST QUESTION Various matters connected with the £683,000 Wellington City Loan are to be considered by the City Council this evening. The Major (Mr R. A.. Wright, M.P.), ■when approached on the subject yesterday afternoon, said that* he was unable to state what aspects of the question will- be dealt with, as the discussion is to take place in committee.
It is understood that it will "bo necessary to obtain an Ord’er-in-Coun.cil for the loan, because the loan proposal carried by the ratepayers was to raise the money at- j>or cent-., and the council had had .to give a higher rate of interest.
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Bibliographic details
New Zealand Times, Volume XLIX, Issue 11194, 27 April 1922, Page 5
Word Count
116THE CITY LOAN New Zealand Times, Volume XLIX, Issue 11194, 27 April 1922, Page 5
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