OVERSEA INTEREST DUES
STATEMENT BY MR. FORBES.
By Telegraph—Press Assn. —Copyright. London, July 10.
Mr. G. W. Forbes, New Zealand Prime Minister, issued for publication a. long statement announcing legislation validating sterling interest payments of New Zealand local authority debentures here. APPROVAL OF STATEMENT. SATISFACTION OF MARKET. Rec. 10 p.m. London, July U, The City editor of the Times, approviru of Mr. Forbes’ statement as disposing of the chief questions arising out of the New Zealand loan, says exchange arrangements completely satisfy the market. Investors will note the Government’s attitude that moral obligations are regarded as superior to those legal.
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Bibliographic details
Taranaki Daily News, 12 July 1933, Page 7
Word Count
100OVERSEA INTEREST DUES Taranaki Daily News, 12 July 1933, Page 7
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