HAURAKI PLAINS.
THE MACHINERY LOAN. RAISING FIRST INSTALMENT. Several communications dealing with the Hauraki Plains County Council’s e&tea.your to raise the£lo,ooo instalment on _the-machinery loan were read at the Council meeting .on Monday. The New Zealand Insurance Coy., Auckland, wrote that the head office had advised' -that at present they were unable to entertain a loan s.iich as the ■ Council required. Several otheri bodied had been assisted with loans lately and at the presept time no funds were available. Messrs Booth MacDonald and Co,. Ltd., regretting tp learn that the Council had not been successful in flouting the £lo,ooo' load, f'elt sure that their 'head office would db everything possible in that direction and invited the' Council, to send particulars. Messrs Newbury Bert and. Co., Christchurch invited the Council to send particulars of the loan required. The Australian Mutual Provident Society, Hamilton, advised that at present no funds were available for investment, and it would have hone for some time. The South British. Insurance Coy. wrote regretting that at present there were no funds available for a loan tp the Council. ' The Bank of New Zealand, Thames, stated it could place the £lo,ooo' instalment on the machinery loan at 5% per cent for 36% years, and sinking fund 1 per cent' and commission % per cent. -The principal and interest would be payable in Melbourne:
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https://paperspast.natlib.govt.nz/newspapers/HPGAZ19221213.2.12
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Hauraki Plains Gazette, Volume XXXIII, Issue 4503, 13 December 1922, Page 2
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224HAURAKI PLAINS. Hauraki Plains Gazette, Volume XXXIII, Issue 4503, 13 December 1922, Page 2
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