CHRISTCHURCH LOANS.
PROFITABLE INVESTMENTS. By Telegraph—-Press Association. CHRISTCHURCH, May 15. The Mayor has received from the Sinking Fund Commissioner a report in regard to the city's loan sinking funds. The 'capital invested has accrued interest at the rate of 5J per cent. It is estimated that the sinking fund on the £35,000 drainage loan maturing in 1923 will have accumulated an amount sufficient to discharge the loan in 1911, and it is when the loan matures there will be a surplus of about £30,000.
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https://paperspast.natlib.govt.nz/newspapers/WAG19090517.2.15
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Wairarapa Age, Volume XXXII, Issue 3191, 17 May 1909, Page 5
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84CHRISTCHURCH LOANS. Wairarapa Age, Volume XXXII, Issue 3191, 17 May 1909, Page 5
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