A MUNICIPAL LOAN.
PUBLIC CONFIDENCE SHOWN
Press Association
INVERCARGILL, Jam 30
Tenders closed this morning for the borough loan of £17,000, the bulk of which will be used for extensive additions to the gas works and the purchase of a quarry aud crushing plant. Debentures carry 41 per cent interest. £65,200 was offered at from par to £3 premium, and £17,000 was accepted, the average premium being £1 los. This result is indicative of public confidence in the stability of the borough and the excellent prospects of the district.
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Bibliographic details
Gisborne Times, Volume XXVI, Issue 2103, 31 January 1908, Page 2
Word Count
89A MUNICIPAL LOAN. Gisborne Times, Volume XXVI, Issue 2103, 31 January 1908, Page 2
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