Prompt Repayments Of U.K. War Financing
[Special to “Northern Advocate”] WELLINGTON, This Day. One of the most important features of New Zealand's financing is the arrangement with the United Kingdom Government under which charges, for capital equipment and maintenance of the N.Z.E.F., and the Dominion’s share of the Empire Air Training Scheme, are advanced by the United Kingdom Government under a memorandum of security. The Minister for Finance (Mr. Nash) was asked today if the Dominion this year has been able to repeat its satisfactory experience of the previous financial year, when a charge of £5,983.000 under the memorandum of security was repaid by July last. “Yes,” replied Mr. Nash, “since then, we have similarly repaid to the United Kingdom Government the sum of £2,700,000.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19411119.2.67
Bibliographic details
Northern Advocate, 19 November 1941, Page 5
Word Count
125Prompt Repayments Of U.K. War Financing Northern Advocate, 19 November 1941, Page 5
Using This Item
NZME is the copyright owner for the Northern Advocate. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.