MUST BE PAID.
EARTHQUAKE LOANS. INTEREST RATE REDUCED. HAWKE'S BAY LOCAL BODIES. (By Telegraph.— Press Association. I NAI'IKR. this day. AHlionpli declininrr to cauc-.'l the e.-u tlirpiake loans granted to the Hawkc's Bay local authorities following the l!):tl disaster, the (ioverimieiit lias announced a reduction of interest on the amounts nvino- from 4 to 3A per cent. The (Soverniiu lit wonie time 11511 remitted a .tl<)l.2lM» loan to the Napier ( ity t ouucil owino to special cir.-uiu-stances involved. Appli.-at ioiiri for siinilai" treatment hu\e lieen made on liehalf of the Ha'-.vke's Kay Hospital Hoard ( iTili.S.,o). the Xa pier llarl-our Hoard ( U.10..i(IO), the Hastinos Horouoh t'ouncil (tll.OI.'O). the Hawke's Ha v Uivers Hoard (£II.IIIMM. the llawke's li., N Coiinly ('< hi in-11 ( CiOOO). the laradale Town Hoard ( €2-"i00) and Ilavdnck North Town Hoard ( L'UMIO). I'lte Minister of Finance, the Hon. W. Naslt. liowe\er. has advised that the Covernnieiit. is unable to ;t.oree that it would ue justified in remitt.in.o- any portion of the amounts owitio.
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Bibliographic details
Auckland Star, Volume LXVIII, Issue 267, 10 November 1937, Page 5
Word Count
163MUST BE PAID. Auckland Star, Volume LXVIII, Issue 267, 10 November 1937, Page 5
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