LOCAL BODY LOANS.
COMPULSORY CONVERSION DISCUSSED. (rr.sss association tumeoram.) INVEECAEGILL, January 17. Compulsory conversion of all local body loans, a subject which has been engaging the consideration of the Southland Electric Power Board for some time past, received further mention at to-day's meeting. In urging that representation to the authorities be renewed, Mr E. K. Sim declared that the Government was only procrastinating in the matter. The flax and gold-mining industries were languishing, as was also dairying, and assistance for these was urgently needed. Immediate action was required, and he moved that the Board follow up conversion possibilities by further written representations to the Prime Minister (the Et. Hon. G. W. Forbes), to the Hon. Adam Hamilton, and to the Minister for Finance. The motion was carried.
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Press, Volume LXIX, Issue 20757, 18 January 1933, Page 8
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127LOCAL BODY LOANS. Press, Volume LXIX, Issue 20757, 18 January 1933, Page 8
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