CONVERSION OF LOANS
POWER BOARD'S INTENTIONS [by telegraph OWN correspondent] G-ISIjORNE, Friday The first formal step in connection with the plan to convert its loans to a lower rate of interest was taken by tho Poverty Bay Electric Power Board today, when a special meeting was held to pass a resolution authorising the issuo of new securities to replace the existing securities, the conversion to be effected at a time and in a manner approved by the Local Government Loans Board. Tho chairman explained that the proposal had nothing to do with loans raised outside New Zealand.
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New Zealand Herald, Volume LXX, Issue 21580, 26 August 1933, Page 12
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97CONVERSION OF LOANS New Zealand Herald, Volume LXX, Issue 21580, 26 August 1933, Page 12
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