FARMERS’ CO-OP.
PROPOSAL TO REDUCE INTEREST. A motion brought before the Supreme Court 011 Saturday for approval of a resolution passed at a meeting of depositors and bondholders in the N.Z. Farmers’ Co-operative Association of Canterbury, Ltd.. has been approved by Air Justice Adams. The motion was one agreeing, upon certain conditions, that bondholders should accept 6£ per cent instead of 74 P^ r cent; that the association should bo released from payment of the debenture tax of 3s in the £. and that all deposits should he converted into fixed deposits for terms to he arranged, ranging from six months upwards.
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https://paperspast.natlib.govt.nz/newspapers/TS19231206.2.92
Bibliographic details
Star (Christchurch), Issue 17216, 6 December 1923, Page 8
Word Count
101FARMERS’ CO-OP. Star (Christchurch), Issue 17216, 6 December 1923, Page 8
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