STATE ADVANCES BOARD
OVER HALF A MILLION APPLIED FOR. 15y Telegraph. —Press Association. Wellington, Last Night. At a meeting of the State Guaranteed Advances Board held to-day, several fresh applications for loans amounting to £121,599 were received from local authorities for the construction of roads and bridges, water supply, and drainage. In addition to these, loans aggregating £75,255, for which all steps have been fully completed, were formally passed by the Minister of Finance, and are now ready for payment upon application being made to the Department by the local authorities concerned.
This, said Sir Joseph Ward, to a Post reporter, creates a total of applications approved up to the end of last year amounting to £1,431,531, and with the fresh applications added thereto nu less ii sum than £1,553,130 has been reached. The figures will undoubtedly prove that the present system of providing money for local bodies in carrying out their works is of great benefit to the community, and that the advan tages are thoroughly understood and appreciated is indicated by the steady increase in the loans applied for and granted.
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Taranaki Daily News, Volume LIII, Issue 221, 12 January 1911, Page 5
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183STATE ADVANCES BOARD Taranaki Daily News, Volume LIII, Issue 221, 12 January 1911, Page 5
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