LOANS FOR POWER BOARDS.
A MEMBER’S SUGGESTION. (From Our Parliamentary Reporter) Wellington, Oct. 7. The question of raising money for the power boards which are being formed in New Zealand was brought up by Mr. J. A. Nash (Palmerston) in the House today. Mr. Nash asked whether the Minister of Pufbiic Works would confer with the Minister of Finance with the object of reaching an arrangement for the joint raising of loans on the London market. Power boards were becoming active at the present time and they would wish to get on with their work and begin to order such things as poles and the other requisites for reticulating. The Southland board had already gone on the London market with a State guarantee, and he felt that if the Minister would give his suggestion serious consideration it would be very helpful and the boards would be able to raise the money on much better terms than if each board acted for itself. The Minister of Public Works (the Hon. J. G. Coates) replied that he would be pleased to confer with the Minister of Finance as suggested.
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Taranaki Daily News, 11 October 1921, Page 7
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187LOANS FOR POWER BOARDS. Taranaki Daily News, 11 October 1921, Page 7
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