DRAINAGE BOARD BENEFITS.
The Christchurch Drainage Board will benefit considerably from the reduced interest charges to be made in New South Wales, for the board will shortly have to pay interest on £50,000 worth of 51 per cent debentures to holders in that State. In accordance with Australian legislation, the board will not be required to take a full 4s 6d from every £, but the reduction to 5 per cent, as provided by the legislation, means a reduction in interest payments of 15s in every £5 15s, which is the present interest on every £IOO invested.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19320305.2.96
Bibliographic details
Star (Christchurch), Volume XLIV, Issue 365, 5 March 1932, Page 10
Word Count
96DRAINAGE BOARD BENEFITS. Star (Christchurch), Volume XLIV, Issue 365, 5 March 1932, Page 10
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.