CHEAP MONEY.
A PESSIMISTIC OUTLOOK, "I don't think wo shall ever see cheap money aprain," observed Mr. E. P. Bunny (Mayor of liowor Hutt) at tlie first meeting'of the newly-elected council last evening, apropos of loan undertakings. "A portion of tfca money reonimMor the borough's draina&o work, .£20,000. was raised at 3.V per cent. Last week .£IOOO was borrowed at IS per cent. The larjo ■municipalities in Sydney find Melbourne liavo to pay 5 per cent, now, and in some cases are unable to pet the money. In ono ease n loan of £12,000 cost G per cent. •
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Dominion, Volume 6, Issue 1748, 13 May 1913, Page 4
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98CHEAP MONEY. Dominion, Volume 6, Issue 1748, 13 May 1913, Page 4
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