LOANS TO LOCAL BODIES
. An important new provision dealt with in the Government's new Bill dealing with local bodies loans will enable large local bodies to raise loans direct from London with a Government ouarantee the total loans in this way to b e limited to £500,000 per annum. The Hon. J. Allen mentioned that he made inquiries in London as to what would bo the effect of tho system, ■ finding that largo local bodies might benefit" by the guarantee to tho extent oi a quarter to half per cent reduction. A grouping of small loans was provided "for, Vad the effect of the guarantee in this event would range_ from half to one per cent reduction of interest.
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https://paperspast.natlib.govt.nz/newspapers/TC19130730.2.33
Bibliographic details
Colonist, Volume LV, Issue 13787, 30 July 1913, Page 4
Word Count
119LOANS TO LOCAL BODIES Colonist, Volume LV, Issue 13787, 30 July 1913, Page 4
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