CHRISTCHURCH FINANCES.
CHRISTCHUECH, Nov. 29. The reluctance of the investing public to take up City Council 51 per cent debentures at par is likely to cause very serious embarrassment shortly in the matter of carrying out various authorised works. The value or unsold -debentures is £120,430.. It was pointed out at to-night's meeting of the City Council that unless the position were faced there would probably come down a report that the number of men employed should be reduces The Council was already up to tne hilt in the matter of expenditure am? must call a halt. At the rate things were going, ratepayers would have to face something like a 60 per cent, increase in rates next year.
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Bibliographic details
Taihape Daily Times, Volume XII, Issue 3641, 30 November 1920, Page 4
Word Count
119CHRISTCHURCH FINANCES. Taihape Daily Times, Volume XII, Issue 3641, 30 November 1920, Page 4
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