MONEY FROM AUSTRALIA ACCIDENTS AND FATALITIES

Otago Daily Times, Issue 18322, 12 August 1921, Page 5

MONEY FROM AUSTRALIA

ACCIDENTS AND FATALITIES

NEW ZEAI.AND LOCAL BODIES LOANS. (Peb United Phess Association.) WELLINGTON, August, 11. Finding it impracticable to obtain loan money in New Zealand at the Government fixed maximum rate of interest, a number of local bodies have turned their attention to Australia, where it seems that facilities for obtaining money are greater. Although the price may be considered high, arrangements have been made by Wanganui with a Ivftc financial institution with headquarters at Sydney for a loan of £120,000 at 7 per cent, per annum, with a currency of 10 years, both principal and interest being payable in Australia. The Lower Hutt Borough Council has arranged in the same way on the same terms for a loan of £64.000. There is understood to be a considerable demand for money in Australia on these terms. Other local bodies are seeking the essential Government authority to obtain money from Australia.

REMUERA MOTOR ACCIDENT. (Peb United Press Association.) AUCKLAND, August 11

Mrs G. E. Aldcrton, aged 60 years, of Remuora, died in hospital to-day as the result of a motor accident in Remuora, when she alighted from a tram, went round the back of the car, and was struck by a motor on the other set of rails. She succumbed an hour later.

INQUESTS. (Peb United Pbess Association.) WELLINGTON, August 11. An inquest regarding the death of Thomas Thaw Young, of Dunedin, master tailor, who died in hospital, showed that deceased wag 0.l his way north, on a health trip. The coroner found that the cause of death was rupture of the stomach, due to perforation, followed by general peritonitis.