MONEY ALL GONE
COUNTY COUNCIL IN TROUBLE. prn PKKS* association. INVERCARGILL, July 29. The Southland County Council finds itself in difficulties owing to the financial stringency, the bank having refused, a further, increase of the overdraft. The council has insufficient money to pay salaries at the end of the month, and it has been unable to strike rates owing to the numerous objections to the Government valuation The finance committee to-day telegraphed asking for Government permission to place a short-dated loan of £25,000 at 7 per cent, on the market immediately.
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Bibliographic details
New Zealand Times, Volume XLVII, Issue 10966, 30 July 1921, Page 7
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91MONEY ALL GONE New Zealand Times, Volume XLVII, Issue 10966, 30 July 1921, Page 7
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