OVERSEAS INTEREST
AUCKLAND PAYMENTS
HOME PRESS COMMENT
LONDON, Aug. 9
The Daily Telegraph’s financial editor says the City is gratified at the Auckland Transport Board's announcement of its decision to pay interest due on July 1 in sterling, without prejudice, but the restoration of the Auckland tramway loans to the official list, and the resumption of dealings, awaits further details of matters to be submitted to a meeting between the board and bondholders.
The Morning Post says: “It Would seem that in view of the Auckland Transport Board’s questions to Mr. Coates, that the City authorities still contemplate some modification of the interest clause. London holders of Auckland bonds will no doubt feel some dissatisfaction.”
The Financial News says the market requires a more definite assurance before reinserting Auckland tramway quota/ tions.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18163, 10 August 1933, Page 7
Word Count
132OVERSEAS INTEREST Poverty Bay Herald, Volume LX, Issue 18163, 10 August 1933, Page 7
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