LOAN PROPOSAL
FURTHER SUM REQUIRED. DISCUSSION BY LYTTELTON HARBOUR BOARD. (Per United Press Association.) Christchurch, June 16. Details of a further loan of £300,000 for which it seeks legislative authority were placed before the Lyttelton Harbour Board to-day. Discussion was held over until the next meeting. A report by the engineer (Mr C. J. R. Williams) set out that applications were now coming in for the balance of the boards £150,000 loan and he anticipated that in a few days the amount of £50,200 required to exhaust the board’s borrowing powers of £150,000 would have been obtained. It was proposed that the allocar tion of the expenditure of the new loan should be as follows: Additions to wharves, £85,600; cranes and capstans on wharves, £82,400; travelling crane at dock. £12,000; new dredge, £120,000.
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Bibliographic details
Southland Times, Issue 19898, 17 June 1926, Page 7
Word Count
133LOAN PROPOSAL Southland Times, Issue 19898, 17 June 1926, Page 7
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