INTEREST REDUCTION
NEW ZEALAND’S ACTION. LONDON BONDHOLDERS. LONDON, May 24. The Daily AlaiPs city editor sayj English investors in local New Zealand loans are awkwardly placed owing to New Zealand’s reduction of 20 pet cent, from interest coupons over 4J per cent., applicable if any interest is paid prior to January I. Apparently bonds which aid interest in New Zea land have been sold in London, the •buyers not being aware of the above disability. Stockbrokers are asking Sir T. AL Wilford to obtain a ruling hoping that the justice of the claim will bo recognised. They also desire an assurance that the bonds will be redeemable in sterling and not in New Zealand currency.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 122, 26 May 1933, Page 7
Word Count
115INTEREST REDUCTION Wanganui Chronicle, Volume 76, Issue 122, 26 May 1933, Page 7
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