TIMARU HARBOUR BOARD
REDEMPTION OF LOANS. •By Tolcsraph.—Press Association. ' tu rr i Timaru, January 28. ihe Harbour Boar dhas completed the redemption of ■ three loans falling due triis year, viz., £100,000 at 5 per cent., £1000,000 at 4 per cent, and 4i per cent., and £32,900 at 4-} per cent, and ii per cent., by' the issue of the total amount at 5 per cent, in tlie Dominion. The actual cost of issue effected by the office was only £43 12s.' fid;, while receipts from premiums of interests on temporary investments gave a profit of £234, equal to an average premium of nearly 25.. per cent. The chairman to-day said it would liave cost £14,000 to raise the amount in London, and it is doubtful if it could have been raised there at 5 per cent. . An extension of the eastern mole of the harbour by 450 feet has been'completed, and the engineer reports that 70.154 tons of stone were used in it.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19160129.2.96
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 9, Issue 2681, 29 January 1916, Page 14
Word count
Tapeke kupu
163TIMARU HARBOUR BOARD Dominion, Volume 9, Issue 2681, 29 January 1916, Page 14
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in