LOCAL BODY LOANS
BLOCK CONVERSION SCHEME CONFERENCE PROPOSED (By Telegraph—Press Association) CHRISTCHURCH, 3rd May. The Mayor, Mr D. G. Sullivan, M.P. who. returned to the city this morning, states that in Wellington, as president of the Municipal Association, he discussed Treasury officials the question of calling a conference of local bodies with loans domiciled overseas, with a view to considering the possibility of a block conversion scheme. He found no opposition to the idea of ' a conference,/but the expert viewpoint was that the', prospects of effecting a block conversion were not bright tho principal difficulty being the "attitude of, the London Stock Exchange. Further consideration is to be given •< to the subject.
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Bibliographic details
Nelson Evening Mail, Volume LXVI, 4 May 1934, Page 4
Word Count
112LOCAL BODY LOANS Nelson Evening Mail, Volume LXVI, 4 May 1934, Page 4
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