GOVERNMENT ADVANCES.
LOANS FOR LOCAL BODIES
(By Telegraph—Press Association.) WELLINGTON, Last Night. At a taeeiing 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, • etc,.. In. addi-. tion to these, ' loans aggregating £75,255, for which all requirements have been fully completed, were passed by the Minpter of Finance; ■ arid are now ready for payment upon apI plication being made,to the Department by the local authorities con- ' cerned. "This," said Sir Joseph j Ward to a reporter, "creates a total lof applications approved up to the end of last year amounting to .£1,431,531, and with the fresh appli- , cations added thereto, no less a sum ■ that £1,553,130 has been reached, j These figures will undoubtedly prove I that the present system of providing ' money for local bodies in carrying out their work is of great benefit' to the community, and that the advantages are thoroughly understood and appreciated by the steady increase in the loans applied for and granted."
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https://paperspast.natlib.govt.nz/newspapers/WAG19110112.2.19.25
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Wairarapa Age, Volume XXXII, Issue 10134, 12 January 1911, Page 5
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181GOVERNMENT ADVANCES. Wairarapa Age, Volume XXXII, Issue 10134, 12 January 1911, Page 5
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