RENEWAL LOANS
Wellington Wants £1.069,300 By Telegraph—Press Association WELLINGTON. April 8. A decision to apply to the Local Government Loans Board for permission to raise £1,069,300 in New Zealand to meet renewals of certain loans falling due this year was reached by the Wellington City Council to-day. The Mayor. Mr T. C. A. Hislop, said it was necessary to raise the money internally because there was no chance of getting it on the London market, where all available moneys were going to essential wartime purposes. The amount required included provision for exchange. There was the water supply loan of £561,900 (less sinking fund, making a net £537.600). the Electric. Power Construction and Tramway Improvement Loan £519.000 (net £480.000 >. and the Street Renewal Loan of £47,000,
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Bibliographic details
Timaru Herald, Volume CXLVIII, Issue 21624, 9 April 1940, Page 6
Word Count
125RENEWAL LOANS Timaru Herald, Volume CXLVIII, Issue 21624, 9 April 1940, Page 6
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