LOCAL BODY LOANS
BLOCK CONVERSION SCHEME' PROSPECT'S NOT BRIGHT [B y Telegrapb—Press Association.! , CHRISTCHURCH. May 3. The Mayor, Mr X). G. Sullivan, M.P., who returned to the city this morning, states that ini Wellington, as president of the Municipal Association, he discussed. with Treasury officials the question of calling a conference of local bodies with loans domiciled overseas, with a view to considering -the possibility of a block conversion; scheme. He found no opposition to the idea of a conference, but the expert viewpoint was that the prospects of effecting- a block .conversion were not, bright, the principal difficulty being the attitude of the -London Stock Exchange. Further consideration is- to lie given to the subject. .. . .
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Bibliographic details
Hawera Star, Volume LIV, 4 May 1934, Page 7
Word Count
116LOCAL BODY LOANS Hawera Star, Volume LIV, 4 May 1934, Page 7
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