A SIGN OF THE TIMES.
1-OCAL "BODIES'! FINANCES!' \P' : ; . In theae days of financial o dininot significance •attaches to a- cornluiuricction received'by the Borough Cotmeil IrtW- 'nijrhV I'rbrii the Ohristcmirch buy i Council, forwarding' the-' following • rejoin-1 iJon for consideration :•-That the Gov- i •■runient be Vu-iuestcdMo .amend T lie Local Viodies Loans','Act'to enabV.borough m& A\s ,tc> isiue■debentures ot tlio value ot *<J -, ''ol' pourse; special legislation would be squired before the value of the debentures mild-be.reduced." said the.'Mayor. - ■ Or Spooncr ■.assented, but added t huthe Council 'might...very-:well support the
•esolution. , • ■, la renlv to a query the' Mayor explained iha< the'obiC'Ct was to permit small) -nirestors to take- up debentures. He imagined :hat iutrnbers of people, Who could m$ ifford" to liJko up debentures of £IOO eacli., oightl-bb induced to invest, with advantage ;o ;il)| body .concerned. ■■. _ ■■■ , ,-Tp Council agreed to feive the mattet Its; endorsement. ■ ■
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Bibliographic details
Manawatu Standard, Volume XLIII, Issue 294, 6 April 1921, Page 6
Word Count
146A SIGN OF THE TIMES. Manawatu Standard, Volume XLIII, Issue 294, 6 April 1921, Page 6
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