Promise on interest
The Government did not: intend that interest rates should remain high, and the. Lyttelton Harbour Board could be assured that the rates would be adjusted at the first opportunity, said the Minister of Finance (Mr Muldoon) in a letter to the board’s port development committee. All possible steps had been taken to control the over-all interest-rate structure, he said. Mr Muldoon was answering previous criticism by the board over the upsurge in interest rates and the burden being placed on ratepayers. "The recent moves in Government interest rates have been designed to meet the present economic circumstances,” Mr Muldoon said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19790526.2.113
Bibliographic details
Press, 26 May 1979, Page 22
Word Count
103Promise on interest Press, 26 May 1979, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. 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.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.