“IMPORTANT LONDON TRANSACTION”
COMMENT ON SIR JOSEPH WARD’S REFERENCE
By Telegraph.—Press Association.
Auckland, December 17.
A Loudon cable message of December 14 stated that financial circles do not comprehend Sir Joseph Ward’s reference to a very important Louth I transaction. It is surmised that when he outlined his scheme for borrowing £70,000,000 he overlooked the fact that £244)00.000 4 per cent. loans fall due for repayment on November 1, 1929. “Ridiculous, said the Hon. A. J. Stallworthy when the cabled interpretation was'referred to him prior to his departure for Wellington last night. Sir Joseph Ward had certainly not forgotten what money was falling due Whatever was the nature of the position in Loudon, guardedly referred to by the Prime Minister during the debate on the Appropriation Bill, the falling due of £24,000.000 of New Zealand loan money had nothing to do with it. More" than that he could not say. The Hon. J. R. Donald refused to discuss the matter, saying it was purely a question for Sir Joseph himself.
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Bibliographic details
Dominion, Volume 22, Issue 72, 18 December 1928, Page 6
Word Count
170“IMPORTANT LONDON TRANSACTION” Dominion, Volume 22, Issue 72, 18 December 1928, Page 6
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