STATE ADVANCES.
NEW REGULATIONS GAZETTED. Now regulations ■under the. State Guaranteed Advances Act nro published'in tho current "Gazette." They make it clear thai, henceforth any local body obtaining ,l t ; oai V , T JS,: .. p ? 3 ' J , for il 'the. rate oi interest at which tho money was actually pe'r cent Government, plus one-oightli Of tho regulations under tao State Advances Act gazetted in 1911, November S and 8, dealing respectively provl. sioual approval and with procedure subsefluent to provisional approval, aro revoked, and new regulations are provided in order to mtroduco bow schedules. application fonps, etc. , Tho tables of half-yearly advances appended to the regulations gazetted in 1911 relate to the— ■ Loans for 361 years; iptsrest, 3V per cent. : • .. • Loans for 36J years; interest. 3? ner cent. ■ Additional tables appended to tho neir regulations refer, to:— Loans for 3(1 J years) interest, ii per cent. , - Loans for 42J yeiirs; interest, 3} per cent. The (scheduled application and other forms to bo used ill connection with loan transactions contain 1 llio following new proviso.:—. "The rato of interest to Ijo olio-eighth per centum per annum moio than tho rato at which tho money was raised."
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https://paperspast.natlib.govt.nz/newspapers/DOM19130411.2.18
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Dominion, Volume 6, Issue 1721, 11 April 1913, Page 4
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195STATE ADVANCES. Dominion, Volume 6, Issue 1721, 11 April 1913, Page 4
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