LOCAL BODY LOANS
APPROVAL BY BOARD MEETING.
CONVERSION STILL PROGRESSES.
By Telegraph—Press Association. Wellington, Last Night.
A meeting of the Local Government Loans Board to-day dealt with applications for sanction to raise loans from 25 local authorities throughout New Zealand, the sum involved amounting to £535,200. Of this amount the board sanctioned £472,100, including renewals of £105,000. The balance of £63,100 was either declined or referred back to the local bodies concerned for further consideration.
Approval was given to local authorities to utilise for other purposes capital moneys totalling £4,200 received by them from the sale of assets previously purchased out of loan money. The continued progress of local body debt conversion was demonstrated by the fact that 11 applications for approval to conversion were received and dealt with. Approval was ; ’ven to the conversion of existing securities totalling £660,731 into new securities for £655,176.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19351017.2.31
Bibliographic details
Taranaki Daily News, 17 October 1935, Page 4
Word Count
145LOCAL BODY LOANS Taranaki Daily News, 17 October 1935, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in