LONDON INTEREST
« REDUCTION WANTED. SOUTHLAND'S ATTITUDE. POSITION OF STAIiEMATE. (By Telegraph.—Own Correspondent.) WELLINGTON - , this clay. Members of (lie Southland Electric Power Beard, who since Friday have been negotiating with the acting-Prime Minister, the Rt. Hon. J. G. Coatcs, regarding their decision to j.ay British bondholders' interest in New Zealand currency completed their discussion this' afternoon, The position appears to bo almost one of stalemate, as the Government adherea to it'! attitude that payments slioulcl be made in sterling. However, as £750,000 of the Southland board's loan .bears 6 per cant interest the board considers it has a. plrong moral claim for consideration by its creditors. The Government, while not withdrawing from its own attitude, has agreed to make certain representations by cable, on behalf of the Southland Power Board, through the High Commissioner's Office.
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Auckland Star, Volume LXIV, Issue 202, 28 August 1933, Page 8
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134LONDON INTEREST Auckland Star, Volume LXIV, Issue 202, 28 August 1933, Page 8
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