“SIR JOSEPH WARD HAD NOT FORGOTTEN.”
LOAN RE-PAYMENTS AND LONDON MARKET. (Special to the “Star.”) AUCKLAND, December 17. A London cable on December 14 stated “Financial circles do not comprehend Sir Joseph Ward’s reference to a very important London transaction. It is surmised that, when he outlined his scheme for borrowing £70,000,000, fie overlooked the fact that £24,000,000 4 per cent consols fall due for repayment on November 1, 1929.” “Ridiculous,” said the Hon A. J. Stallworthy when the cabled interpretation was referred to him prior to departure for Wellington last evening. Sir Joseph Ward, he said, had certainly not forgotten what money was falling due. Whatever the nature of the position in London, guardedly referred to* by the Prime Minister during the debate on the Appropriation Bill, the falling due of £24,000,000 of New Zealand loan money had nothing to do with it. More than that he could not say. The Hon J. B. Donald refused to discuss the matter, saying that it was purely a question for Sir Joseph himself.
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Star (Christchurch), Issue 18639, 17 December 1928, Page 9
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172“SIR JOSEPH WARD HAD NOT FORGOTTEN.” Star (Christchurch), Issue 18639, 17 December 1928, Page 9
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