LOCAL BODY LOANS.
INTEREST PAYMENTS in LONDON
CRITICISM OF SOUTHLAND POWER BOARD. (Received Friday, 8.35 p.m.) LONDON, August 25. The “Daily Telegraph’s” financial editor, discussing the Southland Electric Power Board’s decision, points out that debentures issued here carry the New Zealand Government's guarantee for principal and interest. Southland’s decision is even more glaring than that of the Auckland Tramways and the Otago Harbour Board and persistence therein will be a short-sighted and costly blunder, in view of the early maturity of a number of New Zealand local body loans. For the sake of New Zealand’s credit, it is hoped the decision will be reversed after Friday’s interview with the Rt. Hon. J. G. Coates.
(Another message dealing with the Southland Power Board loan appears on page 6.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAG19330826.2.35
Bibliographic details
Wairarapa Age, 26 August 1933, Page 5
Word Count
127LOCAL BODY LOANS. Wairarapa Age, 26 August 1933, Page 5
Using This Item
National Media Ltd is the copyright owner for the Wairarapa Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of National Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.