AUCKLAND.
LOAN AND MERCANTILE AGENCY. July 17. At Messrs. Barnett and Levy's meeting of creditors it was resolved that the estate be assigned to Messrs. Lamb, Brown, and Tonks, as trustees, the bankrupts being allowed their furniture and dwellinghouses. The New Zealand Loan and Mercantile Agency Co. held their annual meeting today, and confirmed the resolution passed by the annual meeting held in London on 2nd February. Dr. Campbell (chairman) congratulated the shareholders on the prosperity of the institution. Mr, G. B. Owen and Dr. Campbell were re-elected Directors, and Mr. W. Innes Taylor wa3 elected Colonial Auditor. The City Council has agreed to reduce the Water Supply Tariff. They propose te consolidate the City Loans by getting an act passed for a final Municipal Loan of L 300,000, including L 150,000 already raised, but enabling no further loans to be raised except those already authorised —the loan to be for 50 years, and interest not to exceed six per cent. Moanatairis dropped to L 6 2s 6d today.
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Bibliographic details
Oamaru Mail, Volume II, Issue 386, 19 July 1877, Page 2
Word Count
169AUCKLAND. Oamaru Mail, Volume II, Issue 386, 19 July 1877, Page 2
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