OAMARU BOROUGH COUNCIL
THE PEOJECTED REPUDIATION. [Pbb Peess Association.] OAMAEU, Dec. 29. At a special meeting of the Municipal Council on Thursday last it was resolved, by eight votes to one, that the original resolution to pay only four per cent in respect to the rate of interest on loans falling due should be adhered to. At another meeting, held yesterday, this decision was reversed by six votes to three, and the payment of 4 per cent made only part of the payment. Both meetings were held in Committee, Press representatives not being admitted. The resolution arrived at is subject to the formal approval of the full Council at the next fortnightly meeting on Thursday.
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Bibliographic details
Lyttelton Times, Volume LXXVI, Issue 9609, 30 December 1891, Page 5
Word Count
115OAMARU BOROUGH COUNCIL Lyttelton Times, Volume LXXVI, Issue 9609, 30 December 1891, Page 5
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