INTEREST AND RENTS
REPORTED CABINET AGREEMENT REDUCTION OF 20 PER CENT. (From Our Special Parliamentary Reporter). Parliament Buildings, March 30. Cabinet this morning dealt with the question of reduction of interest rates and rents and, although no definite announcement is available it was authoritatively learned this afternoon that the Ministry agreed that statutory reduction must be made. This reduction, it is reliably predicted, will be 20 per cent, and the Bill giving effect to the proposal will set out the method under which which the reduction will be put into ojjeration. Cabinet, it is gathered, took up the definite attitude that it would not be equitable to reduce other fixed charges, such as wages, without reducing interest rates.
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Bibliographic details
Hawke's Bay Tribune, Volume XXII, Issue 89, 30 March 1932, Page 7
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118INTEREST AND RENTS Hawke's Bay Tribune, Volume XXII, Issue 89, 30 March 1932, Page 7
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