REDUCTION OF INTEREST.
Sir,—Recently I have invested nearly £300() from England in New Zealand s::ock and in municipal bonds, placing implicit confidence in the honesty of the good-natured people here, with whom I have spent nearly 20 pleasant years. On hearing of possible restrictions on sending money to England (where t have dependants), and of the imposition of a tax which would, directly or indirectly reduce tlie interest the Government* etc.* have solemnly contracted to pay, J f e ]£ uneasy, and cabled to my agent in England to remit no more of my money to me here till further instructed. Could not the Government effect the sume end as the. one J have in view hy a re-quer-t to (he stockholders voluntarily to agree to a temporary reduction of the 10 ;r»er cent, on interest ? S.mai r. Investor,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19320421.2.146.2
Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21163, 21 April 1932, Page 12
Word Count
138REDUCTION OF INTEREST. New Zealand Herald, Volume LXIX, Issue 21163, 21 April 1932, Page 12
Using This Item
NZME is the copyright owner for the New Zealand Herald. 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.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in