TRANSPORT BOARD LOAN
OVER £63,000 SUBSCRIBED FURTHER ISSUE PENDING A total of £63,600 has been subscribed toward the Auckland Transport Board's consolidated redemption loan of £96.300, issued last year, according tc a statement by the chairman. Mr W. H. 'Nagle, at a meeting of the board this week. Mr. Nagle expressed the opinion that the rema/ider of the loan would (be quickly absorbed. The issue is part of the £500,000 consolidated redemption lean envisaged by the board. The term is for 10 years, and the rate of interest 4,‘, per cent. It was stated that steps had been taken to change from table mortgage to flat term debentures a further £200,000 of the principal loan and to place this on the market at an early date on the same terms as the present issue.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 19987, 12 July 1939, Page 8
Word Count
134TRANSPORT BOARD LOAN Gisborne Herald, Volume LXVI, Issue 19987, 12 July 1939, Page 8
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