REDUCTION OF LOANS
POWER BOARD FINANCES Loans totalling £618,043 had been raised by the Wanganui-R.angitikei Power Board for the establishment ot its business, but. of this amount £170.069 had been repaid from revenue by March 31 last, stated the chairman. Mr. F. Purnell, Marton, in his annual report, adopted at the board's meeting yesterday. By the same date, he added, a further £70,608 of revenue had been transferred to capital account. This meant that the board's expenditure on capital account, at the end of its 17th year of operation, exceeded- its loan liability by about a quarter of a million pounds-
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Bibliographic details
Wanganui Chronicle, Volume 86, Issue 111, 15 May 1942, Page 4
Word Count
101REDUCTION OF LOANS Wanganui Chronicle, Volume 86, Issue 111, 15 May 1942, Page 4
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