THE OAMARU REPUDIATION.
DECISION TO PAY ONLY FOUR PER GENT. REV.EIto£D.
(13-/ TfihKC.RAVIt. —PIUC3S ASSOCIATION-. )
Oamaku, this day. At a Ppeciftl meeting of the Municipal Council on Thursday last; it was resolved by oiclJti votes thftb tlio or.-inal resolnUor to my only four por cent, m respect to the rate of intemst on loans Sllini duo be adhered to. At meeting held yos'ei-day, thij decision was reversed by 6 votes to 3 tl.o payment o£ 4 per cent, beinp mode .onlynj mrt payment. Both meotinfzs wo.c held in Smmittoe, tl.o press representatives no boin X admitted. Tho reso.ution a moa a is feubjocb to the formal approval ol Ll.c iv Council ab next fortnightly meeting >n Thursday.
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Bibliographic details
Auckland Star, Volume XXII, Issue 308, 30 December 1891, Page 2
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117THE OAMARU REPUDIATION. Auckland Star, Volume XXII, Issue 308, 30 December 1891, Page 2
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