LOCAL BODY LOANS
BLOCK CONVERSION PLAN CONFERENCE SUGGESTED (Per Press Association.) CHRISTCHURCH, this day. The Mayor, Mr. Sullivan, who returned to the city this morning, states that in Wellington, as president of the Municipal Association, he discussed with Treasury officials the question of calling a conference of local bodies with loans domiciled overseas with a view to considering the possibility of a block conversion scheme. He found no opposition to the idea of a conference, but the expert viewpoint was that the prospects of effecting a block conversion were not bright, the principal difficulty being the attitude of the London Stock Exchange. Further consideration will be given to the subject.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18387, 3 May 1934, Page 13
Word Count
110LOCAL BODY LOANS Poverty Bay Herald, Volume LXI, Issue 18387, 3 May 1934, Page 13
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