"MONEY HARD TO GET"

Press, Volume LXXIV, Issue 22509, 17 September 1938, Page 16

"MONEY HARD TO GET"

County's Search Foij^ - \

Loan

NO PROGRESS REPORTED |

'■-'■■ '% Considerable difficulty in raising a ;| special loan of £ 1050 at 3£ per for sewer construction on St. Arfi£fcl| rews Hill is being experienced by -|j the Heathcote County Council. The v county chairman (Mr A. G. Wil- -jk liams) reported that the position was 4 serious. It was only a small amount -£; of money, but the work, which was "5 necessary, was being held up for ■*"; want of it. " - £ neet- ''

Reporting that since the iast meet- '- ing he had been unable to make any ~|, progress towards arranging the loan, .J, the clerk, Mr J. P. E. Veale, said: % that, he had received- a letter the Minister for Finance (the 'Hon. :"*£ Walter Nash) stating that new ar-ffig rangements in the State Advances \-% Corporation to deal with such loans .*'§ might in the near future provide the J| money needed. So far, however, he~j had not received advice from the /£ corporation. He said that on a trip to Wellington he was making intfe' i near future, he would try to assist the position by making personal con- .;* tacts. \h" \ Other members said that local {& bodies all over New Zealand were V; having trouble in raising such 3} per | cent., loans. '.'•*: Mr F. W.. Freeman: But accprdpf to the Supplementary Estimates ••£ money seems plentiful enough. ..'•'-}