TRAMWAY LOANS
DELAY IN WELLINGTON LOANS BOARD NOT READY Possibly owing to the departmental officei'S not having their reports ready the loan application of the Auckland Transport Board lias been deferred by the Bocal Body Loans Board, states a Wellington message. Special efforts are now being made to have the matter treated as urgent enough for a special meeting of the Loans Board. The Transport Board has applied for authority to take loan polls on either a loan for £300,000 or one for £600,000, for tramway extensions and other works. The application was sent forward on February 28, and the board hoped that it would bo dealt with at yesterday’s meeting of the Loans Board. With this in view the Transport Board, at its meeting on Tuesday, authorised the chairman, Mr. J. A. C. Allum, to proceed with the necessary advertising and other preparations for the taking of the poll of ratepayers as soon as permission was received from the Loans Board.
As additional rolling stock and several other requirements are on the urgent list Mr. Allum is now in touch with Mr. W. J. Holdsworth, a member of the Loans Board, endeavouring to have the applications dealt with witli the least possible delay—preferably by a special meeting of the Loans Board.
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Bibliographic details
Sun (Auckland), Volume III, Issue 620, 23 March 1929, Page 13
Word Count
212TRAMWAY LOANS Sun (Auckland), Volume III, Issue 620, 23 March 1929, Page 13
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