SHORT OF FUNDS.
-♦ NEWMARKET IN A. DIFFICULTY. (By Telooraph!—Pkssi Association.) Auckland, February 20. Ninvniftrkct Borough is faco to faco with a shortage of fund 9, owing to tho tightness of tlio money market. fiomo months ago it borrowed .£30,000 from tlio Govern- ' ment at 3J per cent. It has expended about .£25,000, in pursuanco of its policy to improve tho district under its control, paying particular attention to streets. Now tho council is ia serious difficulties ' financially, through tlio Government's in- ; ability to.eupply it with moro money ' immediately, and nearly fifty men are , ,u >x«t«aed with enforood unemployment, i
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Dominion, Volume 6, Issue 1680, 21 February 1913, Page 5
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99SHORT OF FUNDS. Dominion, Volume 6, Issue 1680, 21 February 1913, Page 5
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