STATE LOANS.
• - [ THE QrESTIOX OF COMPULSION The Minister of Finance (Mr. MasaevY stated recently that- hf" did not think - compulsory powere would require to %» exercised in connection with future loans in New Zealand. Hi- eaid on Saturday that his inclination was to cease usrJ, the powers of compulsion still possessed liy Government. He anticipate! that the loan shortly to be raisedwould be eiibserifced in the ordinary way. Com. pulsion in matters uf finance required to be exercjeed with very great care. Thg point had not been fully considered in relation to tlie new loan. The Public Works Loan of £2,Q00,Q0Q raised by the (iovernnient in Xew Zealand in ,l!ll"> will mature before the end of this year. -Mr. ilassey etated, ia answer to a question, that probably holder* would be allowed to renew either on the old terms (4i per cent free of ifl income taxi or at 5 per cent with lia- [§i bility to tax. A tinal decision had not I yet been made. He did not anticipate | any difliculty as to renewal.
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Bibliographic details
Auckland Star, Volume LI, Issue 142, 15 June 1920, Page 4
Word Count
175STATE LOANS. Auckland Star, Volume LI, Issue 142, 15 June 1920, Page 4
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