LITHOGRAPHED SIGNATURES.
BOROUGH LOAN DEBENTURES. j Thames, Dec. 19. A. unique position w r as disclosed when the Bank of New Zealand presented debentures for payment by the borough treasurer on a loan issued 20 years ago. The latter noticed that the debenturesignatures were lithographed and not written as required by the Act, and he refused payment, referring the matter to the Public Trustee, who had money in the sinking fund ready to pay over. The trustee says that he never heard of a similar position, and referred the matter to Wellington for advice. The Act provides that coupons may bear lithographed signatures. This was not not extended to debtnures/Tiut the officials evidently assumed it did. The Council asked the Attorney-General for an opinion.
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Bibliographic details
Hawke's Bay Tribune, Volume XVI, Issue 7, 19 December 1925, Page 6
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124LITHOGRAPHED SIGNATURES. Hawke's Bay Tribune, Volume XVI, Issue 7, 19 December 1925, Page 6
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