RESPONSIBILITY FOR DEBT
THE SHOCK OF REPUDIATION
GENERAL QUESTION DISCUSSED.
WHAT GUARANTEE IN FUTURE?
By Telegraph—Press Assn.—Copyright.
Rec. 8.30 p.m. London, April 5. The Morning Post’s financial editor says a great shock has been given the holders of trustee securities by Mr. Lang’s repudiation, and it is scarcely surprising that the general question of the responsibility incurred by overseas Governments under the Colonial Stock Act should be raised.
The paper quotes a correspondent who asks apropos of Mr. Lang what guarantee there is that a crisis will not arise in the future. The Post points out that it is manifestly impossible for the British Government to permit a person with such financial influence as Mr. Lang by virtue of his office to cause widespread ruin to the beneficiaries in what are often small estates.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19310407.2.101
Bibliographic details
Taranaki Daily News, 7 April 1931, Page 9
Word Count
134RESPONSIBILITY FOR DEBT Taranaki Daily News, 7 April 1931, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.