ILLEGAL USE OF LOAN.
MAYOR AND COUNCILLORS FINED. By Telegraph— Press Association. Mastefton, Sept. 26. In the Supreme Court the Mayor (Mr. Pragnell) and eleven other councillors ana ex-councillors of the Masterton Borough Council were each fined £5 for illegally transferring moneys from the special loan account, whien was in credit, to the general account, which was in debt, in order to save overdraft interest. The judge agreed that the councillors had acted in what they considered to be the interests of the ratepayers, hut the act was illegal unless authorised by Order- in -Counci 1.
The prosecution was brought by the Audit Department.
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Taranaki Daily News, 27 September 1924, Page 5
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104ILLEGAL USE OF LOAN. Taranaki Daily News, 27 September 1924, Page 5
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