LOAN CONVERSIONS
BY LOCAL BODIES. INSUTtANCE COY’S. ATTITUDE. WELLINGTON, May 24. With reference to the Christchurch local body debentures deadlock recorded in a Press Association message from Christchurch, an insurance officer, interviewed here, stated that as far as his office was concerned, it had been found, under the practice of handing over the old debentures, that it was sometimes three and four months before the new ones were received. Another point was that it had been found that some local bodies did not prepare the new debentures correctly, and that when received, they were not in order. Therefore, his office would prefer to have an opportunity of inspecting the new debentures, and cheeking them. When debentures were not in order, a delay was caused. In nearly all cases, local bodies had agreed to new debentures being sent in for cheeking before the old ones were sent out.
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https://paperspast.natlib.govt.nz/newspapers/GRA19350525.2.32
Bibliographic details
Grey River Argus, 25 May 1935, Page 5
Word Count
147LOAN CONVERSIONS Grey River Argus, 25 May 1935, Page 5
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