SALE OF THE TAINUI
Sir, —Mr. Swan has made a statement that the Tainui is sold <he does not state at what price) and that the guarantors are set free from their guarantee. Surely this is a fitting time to publish a balance-sheet and let the public know what has been received and how spent. Our Mayor as one of the guarantors should insist upon a detailed statement being made public, of all moneys received and how spent. S. M. Rhodes. ["A final meeting of the committee has yet to be held and a statement will- be made in due course," said Mr. 0. Nicholson, chairman of the New Zealand Centenary Air Pace Committee, when the matter was referred to him. "Every effort was made to keep the plane in New Zealand, but owing to the demand for other types, the Tainui proved unsaleable in the Dominion. It was, therefore, sent to Australia where it realised a sum just about sufficient to clear up the liabilities of the committee. Public subscriptions toward the Co3t of the plane were confined to investment in the art union."]
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Bibliographic details
New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 15
Word Count
185SALE OF THE TAINUI New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 15
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