INTEREST PAYMENTS

Greymouth Evening Star, 10 August 1933, Page 7

INTEREST PAYMENTS

AUCKLAND DECISION APPROVED. [BV CABLE —PRESS ASSN. —COPYRIGHT.] LONDON, August 9. The “Daily Telegraph’s” financial editor says the City is gratified at the Auckland Transport Board’s announcement of its decision to pay interest due on July 1, in sterling, without prejudice, but in regard to the restoration of the Auckland tramway loans to the official list, and the resumption of dealings, it awaits further details of matters to be submitted to a meeting between the Board and the bondholders.

The “Morning Post” says that it would seem, that in view of the Auckland Transport Board’s questions to Mr Coates that cue City authorities still contemplate some modification of the interest clause. London holders of Auckland bonds will no doubt feel some dissatisfaction.

The “Financial News” says that the market requires more definite assurance before the re-instating of quotations.

The “Financial Times” mentions a New Zealand company’s proposal to supply Auckland with water from the Waikato River, and reports that one million sterling is available in London if the scheme goes through. The editorial pays a. tribute to New Zealand’s loyalty, in proof of which it says that preference exists in London in the dual sense of the desire to buy British, as well as sell British, and in the sense understood by the Ottawa agreement.

damage at the hands of this man or anyone else, to £lOOO. —I do not want money.' Mr Singer: You are asking for it. TO-DAY’S PROCEEDINGS. [SPECIAL TO “STAR.”] AUCKLAND, August 10. Further cross-examined to-day, the petitioner said that on more than one occasion, he tendered his resignation to Jenkins as manager of a Tung Oil property at Tepaki. He heard that statements were being made to the effect that he (Richardson) had been drinking and living with Maoris, which statements he was satisfied originated with employees and were purely inventions. He admitted there was a girl living near Tepaki, with whom his name had been coupled. He was in her company frequently at Tepaki,. and she had visited his place both before and after his wife left him. There may have been talk about this girl and himself, but he only heard it from his wife and Jenkins, who was antagonistic to him. In further exchanges, Richardson said that his wife wanted a divorce too, and she actually did take proceedings, on July 26, for restitution of conjugal rights. Fifteen days earlier he got a letter from his wife suggesting a reconciliation, but on July 14 he wrote, regretting he could not entertain this. In September, he received notice that his wife would move for a divorce Ijecause he had failed to comply with an order for restitution. Counsel: Things would begin to look rosy for you, then, and you would regard yourself as a free man. Petitioner: I suppose so. And no doubt you lost no time in writing to Miss Kember, in Wellington, giving her the glad news, and received a letter which unfortunately we haven’t got.—Probably so. Now, isn’t it a fact that you didn’t proceed with the divorce petition because you hadn’t got a job and could not maintain (having resigned tire hung Oil managership) her and two children, and if she divorced you, you would have your freedom and could marry again, and in the words of her brother in a letter (to her about you) “she and the kiddies. would be ditched.” —Not at all. You have spent some months in Wellington since your wife left you?— Yes. Where did you stay?—With the Kembers. (Proceeding.)