Di'iilinili' proposals for the raising of the new £50,000 loan wore received by (ho Poverty May Power Board to-day from the A.M.P. Society, which offeree] jo make the loan for a currency of 30 years at a rate of s;] per cent., repayable by 60 half-yearly instalments of JCI7SR 10s 10d, comprising principal and interest ; I lie money to bo made available to the Board by monthly instalments of £SOOO, commencing in April, 1928, the security being provided for by •a special rate of 5-16(1 in the £1 on the rateable capital value of the Power Hoard district-.—Tho chairman, Mr P. R. Ball, remarked that they bad already agreed to the terms,' and their agreement bad been intimated to the A.M.P. -Society^
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Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16375, 24 June 1927, Page 8
Word Count
122Untitled Poverty Bay Herald, Volume LIII, Issue 16375, 24 June 1927, Page 8
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