REFORM’S BUSINESS METHODS.
(To tho Editor). Sir, —Air Corrigan stated that the .Government borrowed £1.250.n0n from 'the Bank of Now Zealand at five and ! a-qularter per cent, on condition that the bank was allowed 1o allot some I million and a-quarter shares, of which [the Government took one-third, of £375.000 worth. Ho says tho Govern ' inent received 1 I per cent, on those I shares, or £52,500 per annum. Th? [million and a quarter at 5| per cent. | cost the Government £65.025 per annum, or only £13.125 more than thev | received from tho £375.000 they hhd .'invested in shares. This means that I we z recolved a million and a-ouarter :»t I a cost to tho State of just £1 Is per cent. —surely very good business. Such ■ are Reform methods of finance, of which •Mr Corrigan complains. Long mav wo have such business methods and the iprosporitv it must bring.—l am. etc.. H. T. M.
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Wanganui Chronicle, Volume LXXXII, Issue 19444, 2 November 1925, Page 8
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156REFORM’S BUSINESS METHODS. Wanganui Chronicle, Volume LXXXII, Issue 19444, 2 November 1925, Page 8
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