TIMARU HARBOR BOARD.
OLD LOANS RENEWED. By Telegraph.—Press Association. Timaru, Jan. 28. The Harbor Board has completed the redemption of the three loans falling due this year, namely, £IOO,OOO at 5 per cent.,' £IOO,OOO at 4 per cent, and 4% per cent., and £32,000 at 4% per cent, and 4 1 / s per cent., by the issue of the total amount : at 5 per cent, in the Dominion. Actually the cost of the issue effected by the office was only £43 12s 3d. Receipts from premiums and interest on temporary investments gave a profit of £234, equal to an average premium of nearly 2s per cent. The chairman to-day said it would have cost £14,000 to raise the amount in London, and he wis doubtful if it could have been raised there at 5 per cent. An extension of the eastern mole of the harbor by 450 feet has been completed. The engineer reports that 70,154 tons of stone were used in it.
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Taranaki Daily News, 31 January 1916, Page 3
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163TIMARU HARBOR BOARD. Taranaki Daily News, 31 January 1916, Page 3
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