LOCAL BODIES' DEBENTURES
RATE OF 51 PER CENT. TOO LOW. By Teloerarh-Pran Annotation. Auckland, October 23. The Auckland Citv Council, bavins exhausted every' means in New Zealand to float the electricity loan of £50,000 at 51 per cent, without success, has resolved to ask Mr. Massoy, when he visits Auckland next month, to Teceive a deputation asking authority from Parliament to givo local bodies power to pay a higher rate on their debentures than h\ per cent.
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Dominion, Volume 14, Issue 25, 25 October 1920, Page 4
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77LOCAL BODIES' DEBENTURES Dominion, Volume 14, Issue 25, 25 October 1920, Page 4
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