Tin l art union grant of £IOOO to tin* Whangaroi Agricultural and Pastoral Association is regarded as a real windfall. In conformity with the decision arrived at in a conference with debenture holders, the proceeds from the art union will he devoted to liquidation of the association’s liability. The society has issued in all £4120 worth of debentures, of which £2OOO is overdue to 1 A holders. Through the generosity of debentureholders the term was extended, but it will now be possible to repay some oi these public-spirited supporters, and at the same time relievo the society of a •portion of what lias been a crippling burden. The saving in annual interest will be over £4O per annum. [Such of the cable news on this page as is so headed has appeared in “The Times’’ and is cabled to Australia and New Zealand by special permission. It should be understood that the opinions are not those of "The Times" unless! expressly stated to be so,l I
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18204, 27 September 1933, Page 7
Word Count
166Page 7 Advertisements Column 4 Poverty Bay Herald, Volume LX, Issue 18204, 27 September 1933, Page 7
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