LOWER INTEREST URGED
RATE ON GOVERNMENT BONDS [by TELEGRAPH —OWN correspondent] MARTON, Friday A combined meeting of the Marton branch of the Farmers' Union and the Marton Chamber of Commerce passed a resolution expressing alarm at the action of the Government in offering 5 per cent free of stamp duty for a further issue of debentures. In the view of the meeting the Government's action would result in money which would otherwise be available for investment in farming and in trade and industry being put into the Government funds. The meeting strongly urged the Government to reduce the rate of interest on present and other Government loans to not more than 3£ to 4 per cent, as had been done in Great Britain and Australia.
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New Zealand Herald, Volume LXIX, Issue 21344, 19 November 1932, Page 13
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125LOWER INTEREST URGED New Zealand Herald, Volume LXIX, Issue 21344, 19 November 1932, Page 13
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