State Guaranteed Advances.
A new clause in the State Guarantee Advances Amendment Bill provides that all moneys raised under the Act shall be raised under and subject to the provisions of the New Zealand Loans Act, and the maximum rate of interest is fixed at four ami a half per cent. All moneys so raised are to be paid into the Slate Guaranteed Advances Account. ami all loans are to be repaid out of that account, and the provision is that where th, amount of the loan docs not exceed £lOO. tin* loan shall be fcr a period of 2* years, from £lOO to £3OO tin* period of the loan i" to be 30 years, ami over £3OO the period is to Im* 36A years. The second leading was agreed to on the
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https://paperspast.natlib.govt.nz/periodicals/NZGRAP19100928.2.9.20
Bibliographic details
New Zealand Graphic, Volume XLV, Issue 13, 28 September 1910, Page 6
Word Count
133State Guaranteed Advances. New Zealand Graphic, Volume XLV, Issue 13, 28 September 1910, Page 6
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Acknowledgements
This material was digitised in partnership with Auckland Libraries. You can find high resolution images on Kura Heritage Collections Online.
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