FUNDS FOR LOCAL BODIES
NEW ZEALAND'S INTEREST RATE TOO LOW AUCKLAND TRANSPORT BOARD'S DIFFICULTIES. [Per Press Association. I AUCKLAND. Feb. 27. That the prospect of 34 per cent, interest was not. attractive to investors and that many public bodies would soon be in a precarious position because of their inability to raise
loan monies, unless the Government made money available or gave permission for a higher rate of interest to be offered were contentions advanced at a meeting of the Auckland Transport Board, after the secretary, Mr. C. R. Gribble, had presented a report on the financial position. The report stated that the board had raised only £B7OO from debentures and was still short of £251.718 in an expenditure of £260,518. Mr Gribble said the board had an annual revenue of more than £600,000.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WC19390228.2.80
Bibliographic details
Ngā taipitopito pukapuka
Wanganui Chronicle, Volume 83, Issue 49, 28 February 1939, Page 8
Word count
Tapeke kupu
134FUNDS FOR LOCAL BODIES Wanganui Chronicle, Volume 83, Issue 49, 28 February 1939, Page 8
Using this item
Te whakamahi i tēnei tūemi
NZME is the copyright owner for the Wanganui Chronicle. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in