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in" th e SUBU r bs j
COBURG BORROWS £5000. I
-
Low Rate of Interest.
A report was presented to Coburg
council Inst night by Cr. McDonnld lhat
the oily treasurer (Mr. W. Mitchell) bad
completed arrangements for a loan of
£5' ,0 nt 3'/4 per cent., free of broker-
flGT Hn Mmilfrht. Mml; \unu f Un
rate nt which the council had ever ob
tained a lean.
The mayor (Cr. Brcnrlcy) regarded
the low rate of interest as a tribute to
tlie stability of tlic municipality, and an
indication that the affairs of tiro coun
cil were being capably managed.
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