LOCAL BODY LOANS
.CONVERSION DIFFICULT ‘‘The fact that £26,000,000 of New Zealand’s total local body loan indebtedness of £65,000,000 is held overseas makes impracticable any scheme for the compulsory reduction. of interest on this loan money,” said the Mayor of One Tree Hill, Mr. I. J. Goldstine, at a meeting of the Borough Council. A request from the Otago Electric Power Board for co-operation in urging the Government to introduce compulsory conversion of local body loans was declined.
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17944, 23 November 1932, Page 11
Word Count
78LOCAL BODY LOANS Poverty Bay Herald, Volume LIX, Issue 17944, 23 November 1932, Page 11
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