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OTAGO AND AUCKLAND LOANS. STERLING INTEREST PAYMENTS. By Telegraph—Press Assn.—Copyright; Rec. 7 prni. London, Aug. 3. Welcoming the Otago Harbour Board’s decision to pay its interest dues in Lon--don in full, the Daily Telegraph says: “This has naturally aroused the hope that the city of Auckland will revert to its practice of paying interest on the tramway loan in sterling and. make ad - justments for the July payments. What- ~ ever may be the legality of the contention that the tramway loan remained an internal issue despite sales in London, there is a strong moral obligation to continue payments in sterling, as Mr. Forbes recently admitted.” The Financial News says Otago loan quotations have been reinstated on the Stock Exchange official list, also tire Auckland Harbour Board and Dunedin city issues, on assurances that payments are being made in full.
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Taranaki Daily News, 4 August 1933, Page 6
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143BACK ON OFFICIAL LIST Taranaki Daily News, 4 August 1933, Page 6
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