LOCAL BODY LOANS.
LEGISLATION DEFECTIVE? TREASURY GIVES RULING. (By Telegraph.—Special to "Star.") WELLINGTON, this day. Further inquiries have been made into the suggestion that local body mteret reduction legislation f defective and involves overlapping of the 10 per cent deduc-on with the 20 per cent now of.the Treasury is that the intention of Parliament was to deduct 20 per cent from interest accruing only on and after April 1. If. there is uncertainty over the legislation an amendment will be introduced putting the position beyond doubt. Meanwhi e, the Audit Department concurs Witli tue Treasury view.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19330517.2.14
Bibliographic details
Auckland Star, Volume LXIV, Issue 114, 17 May 1933, Page 3
Word Count
96LOCAL BODY LOANS. Auckland Star, Volume LXIV, Issue 114, 17 May 1933, Page 3
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