INTEREST SAVING.
THANEPOBX BOARD'S POSITION. "Assuming that there have been no recent changes in the domicile of debentures of the original loan of £1,250,000, it is estimated that the reduction in interest payable in eW Zealand by the board and authorised by the recent legislation will amount to £8310 a year. The advisability of arranging to convert some or all of the board's loans is teing investigated and a report will be submitted later." The above statement was made by the chairman of the Auckland Transport Board, Mr. J. A. C. Allum, this morning, when referring to the Local Authorities Interest Reduction Lo an Conversion Act, 1932-33.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19330328.2.110
Bibliographic details
Auckland Star, Volume LXIV, Issue 73, 28 March 1933, Page 8
Word Count
107INTEREST SAVING. Auckland Star, Volume LXIV, Issue 73, 28 March 1933, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in