NEW LOAN PLANNED
DRAINAGE BOARD’S FINANCES The raising of a new loan of £82,000 to repay the boo.rd’s No. 1 loan of £IOO,OOO, which was floated in London in 1909 at 4 per cent, and which matures on Alay 1 next, was discussed by the Auckland and Suburban Drainage Board yesterddv. The board’s bankers advised that the money was available in London at 51 per cent at par. The chairman, Air. G. Baildon, and Alessrs. E. J. Phelan and 1. Bloodworth were authorised to execute the necessary documents. The board approved the establishment of a sinking fund of per cent, annually.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/SUNAK19300328.2.188
Bibliographic details
Ngā taipitopito pukapuka
Sun (Auckland), Volume IV, Issue 933, 28 March 1930, Page 16
Word count
Tapeke kupu
101NEW LOAN PLANNED Sun (Auckland), Volume IV, Issue 933, 28 March 1930, Page 16
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in