South Australia calls for 16th Security Loan to fund housing
Rapid population growth drives a government housing push in Australia. The 16th Security Loan aims to fund the South Australian Housing Trust's record building of about 4000 homes this year and related farm property schemes to boost labour and food production.
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Australia
South Australian Housing Trust
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South Australia
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South Australia Readies Major Power and Public Works
A 1954 program expands energy with Leigh Creek coal power, Port Augusta plant, and high voltage lines, while hospital capacity, water supply from Mannum Adeliade pipeline, and rail rolling stock are funded by the 16th Security Loan. Over 30 new schools and sustained housing by the Housing Trust aim to meet growing population.
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Australia
SA Electricity Trust
Leigh
Port Auguste
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South Australia
Serools Nay
16th Security Loan Offers Nine Year Bonds and Stock
The issue offers Nine Year Bonds bearing 4 4 percent interest payable semiannually with a 2 percent income tax rebate, seeking £20 million for state government services. Denominations include £10 £50 £100 £500 and £1000 with minimum subscriptions of £10 of Bonds or £100 of Inscribed Stock. Subscriptions may be paid in installments with deposits of 10 percent. Applications via banks post offices or stockbrokers by specified dates.
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Interet
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Yous Security
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