In accordance with the report made by the Treasurer and Controller to the Finance Committee of the Council Jon April 2, when he presented the ancial statement for 1934 and the [Budget for 1035, the 'Treasurer and Controller, after' reference to the Trustees for the Debenture Holders, recommended the Council that redemption of the Six Per Cent. Loan fof 1925 remain in abeyance. "After consideration of the matter by the Finance Committee, the Council on June 12 adopted the Treasurer's recommendation.
The Six Per Cent, Loan of 1925, amounting to Tis." §,600,000, was, issued for a term of ten to thirty yours, the first optional date for repayment being December 31 next.
Text read from the printed page and cleaned; old type leaves the occasional error.