LOAN TO NEW YORK
Financial Embarrassment Overcome
BANKERS FIND MONEY By Telegraph.—Press Assn.—Copyright. (Received November 1, 7.30 p.m.) New York, October 31. The city once again has been saved from acute financial embarrassment and inability to meet the city payrolls, when backers under the financing agreement to-day put twentyfive million dollars at the comptroller’s disposal. Thirty-seven banks supplied the money at 4 per cent. This enabled the payment of teachers, hospital staffs and police, who recently more than once have been faced bv empty city coffers.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19331102.2.93
Bibliographic details
Dominion, Volume 27, Issue 33, 2 November 1933, Page 11
Word Count
86LOAN TO NEW YORK Dominion, Volume 27, Issue 33, 2 November 1933, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Dominion. 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.
Log in