INTEREST PAYMENTS
LONDON COMMENT. (From Our Own Correspondent.) LONDON, September 6. The Economist, in an article on the subject of New Zealand interest payments, says that holders of New Zealand municipal and public board securities are becoming somewhat impatient of “ incidents ” arising out of the question whether interest should be paid to British residents in sterling or in New Zealand currency. After recounting the facts in regard to the various public bodies concerned, the writer comments: —
“It is clearly not in New Zealand’s interest that the general question _of interest payments should be left in its present indeterminate position pending the meeting of the New Zealand Parliament to implement the Government’s promise. So long as public bodies in the Dominion are uncertain whether the latter affords them sufficient protection against the consequences of over-riding the law, as at present interpreted, British investors will be cautious in appraising the current value of New Zealand stocks.
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Bibliographic details
Otago Daily Times, Issue 22084, 14 October 1933, Page 2
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154INTEREST PAYMENTS Otago Daily Times, Issue 22084, 14 October 1933, Page 2
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