Financial Hopes
Cr. H. P. Smith, chairman of the Christchurch City Council’s finance committee, said yesterday that he hoped that the two years still to run in the five-year plan for financing the first stage of the Town Hall project could now be shortened. Already In hand towards the estimated for the town hall complex was £75,000 earmarked by the council and other metropolitan local bodies, £172,000 raised by Town Hall Promotion in cash and promises, the site worth £156,000, the £50,000 to be funded for the purpose each year, plus interest on the money in hand. The remainder would be
borrowed, Cr. Smith said. This depended on the consent of the Building Programmer and the Loans Board, but he did not expect there would be any problems since Christchurch had waited so long.
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Press, Volume CVI, Issue 31092, 22 June 1966, Page 1
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134Financial Hopes Press, Volume CVI, Issue 31092, 22 June 1966, Page 1
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