LOCAL BODY LOANS.
ARE THEY UNATTRACTIVE? By Telegraph.— Vtssh Association. Wanganui, Last Night. An unsatisfactory response in regard to the effort to raise by debentures the ?iim of £140,000 for tramway purposes, was discussed by the Borough Council to-night. It was pointed out that many local bodies in the Dominion were endeavouring to raise money by the same means, and it is believed that the fact that kical bodies l are limited by Statute to a five and a half per cent, rate of interest, makes local body debentures an unattractive form of investment. In view of the considerably higher rates of interest offering in other directions,' it was decided to circularise the local bodies of the Dominion with a view to holding a conference to discuss the advisability of approaching the Government, to arrange that in addition to the money secured for Dominion needs, to provide by loan sufficient to meet the needs of all local bodies.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19200915.2.47
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 15 September 1920, Page 5
Word count
Tapeke kupu
158LOCAL BODY LOANS. Taranaki Daily News, 15 September 1920, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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