LARGE SUM INVOLVED
TOTAL SAVING WILL EXCEED £400,000. AUCKLAND, March 3. A large number of New Zealand IfKjal bodies will benefit by the legislation i, passed by the Commonwealth and State Parliaments of Australia enforcing a compulsory reduction in interest rates of 4s 6d in the £. NewZealantl’'local body loans domiciled in Australia aggregate over £8.000,000, the interest, ranging from 4 to 7 per cent, amounting to £436.000. In tlie case of the Taka-puna borough the saving on interest due this month amounts, to £1250. The Mayor said that the"borough had saved £2103 on this account during the; year.' The Auckland power Board lias savejjy£l293.
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Hokitika Guardian, 7 March 1932, Page 6
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104LARGE SUM INVOLVED Hokitika Guardian, 7 March 1932, Page 6
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