DUNEDIN CITY.
By Telegraph—Press Association.
Dunedin, last night.
Tenders were opened to-night by the City Council for a 4 per cent, tramway loan of £50,000. Tenders were received for £87,000. The loan realised an average of £IOO 3s 2d.
Major Parks’ salary was fixed at £4OO. The Mayor stated, in the course of a speech, that the capital value of the assets of the city amounted to £906,553, and the gross receipts from all sources to £134,000 per annum. The corporation had saved £SBOO in interest within the past fivo years by a partial reduction of loans, and securing the Balance at 4 per cent, instead of six or seven.
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Bibliographic details
Gisborne Times, Volume VII, Issue 415, 15 May 1902, Page 3
Word Count
110DUNEDIN CITY. Gisborne Times, Volume VII, Issue 415, 15 May 1902, Page 3
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