TO AVOID EXCHANGE
A CHRISTCHURCH LOAN
COUNCIL'S PROPOSAL
(By Telegraph.—Press Association.) CHRISTCHURCH, This Day. With the object of avoiding the payment of the 25 per cent, exchange on the transfer.of 'money to London, the City Council is seeking authority to reraise part of a loan of £17,000 which will mature in London on August 1. The whole amount of the loan is covered by the sinking fund in Now Zealand, buti if exchange has to be paid on the portion that matures in London there will beJnsufficient money on hand for the purpose.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19330406.2.104
Bibliographic details
Evening Post, Volume CXV, Issue 81, 6 April 1933, Page 13
Word Count
93TO AVOID EXCHANGE Evening Post, Volume CXV, Issue 81, 6 April 1933, Page 13
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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