WCC, Sinking Fund Commissioners meeting minutes

Descriptive Data

Archives Identifier00201Date Range1908-1917DescriptionWhen a local authority borrows money, it may arrange for repayment of the loan by any one of three methods, one of which is to establish a Sinking Fund , and appoint Commissioners to oversee the fund. The Commissioners invest money set aside to repay loan instalments, and any interest and profits on these, in approved funds. This method generally fell out of favour after 1915, when the Government passed an Appropriation Act which required local authorities to obtain an Order-in-Council before raising a loan. The Local Government Loans Board, an independent statutory board set up in 1926, later provided a further means of financing major activities. The minutes of the Sinking Fund Commissioners provide evidence of the activities of the Fund.Quantity (Linear Metres)0.11MediumBound VolumeSystem of ArrangementMinutes are arranged in meeting date order and indexed by subject matter.Collection TypeWellington City Council

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Related Agencies

Controlling or Creating AgencyWellington City CorporationRelationship Date Range1870-

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WCC, Sinking Fund Commissioners meeting minutes