NEW HOSPITAL LOAN
"GOOD AS GOVT. STOCK" SECOND SUM OF £50,000 TO BE RAISED. DEBENTURE ISSUE. Wellington Hospital Board yesterday decided to proceed with the raising of a second sum of £50,000 at 5J per cent, by debentures, and it was reported that the expense of raising the first sum of £50,000 was only 10s per cent., which was as low as had been done in any part of the Dominion. Mr C. H. Chapman said the cost was equal to only one penny per month per £IOO, 'and ue hoped they would succeed as well with the second loan as the first. The chairman (Mr G. Castle): There is no doubt the board’s debentures are good security—-as good as Government stock. There is no better security, in mv opinion, and this is a fact that tells with people who nave money to invest.
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Bibliographic details
New Zealand Times, Volume LII, Issue 12074, 27 February 1925, Page 7
Word Count
144NEW HOSPITAL LOAN New Zealand Times, Volume LII, Issue 12074, 27 February 1925, Page 7
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