A BOARD IN DIFFICULTIES.
(UNITED PBESS ASSOCIATION.! Chbistchuech, May 11. At the meeting of the Drainage Board tonight, a letter was read from tbe Bank of New Zealand, declining to accept the Board's cheque for £6135, amount of interest due by" the Board in London on June 30th. The manager returned the cheque, and wrote that he could not pay the amount until he received from the Board a guarantee that they would apply to Government for additional rating power, or take such other steps as would greatly reduce the present overdraft. The Board resolved to instruct their solicitors to take the necessary step 3 for getting the authority of Parliament to allow them to anticipate their revenue, as is provided by the Municipal Corporations Act.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZMAIL18860514.2.36
Bibliographic details
New Zealand Mail, Issue 741, 14 May 1886, Page 11
Word Count
126A BOARD IN DIFFICULTIES. New Zealand Mail, Issue 741, 14 May 1886, Page 11
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in