LATEST MINING NEWS
GOLDEN DAWN LOAN AND DEVELOPMENT TELEGRAM FROM HON. W. NASH In connection with the closing down of the Golden Dawn battery at Owharoa on March 1, and the dismissal of 30 men, Mr J. Thorn, M.P., has received a telegram from the Hon. W. Nash, Minister of Finance, advising that he had telegraphed the secretary of the mining company as follows: “Regret that loan of £SOOO cannot be approved other than for future development work, which required undertaking that no part of loan would be used to pay existing creditors.” Mr Nash continued that, as suggested by Mr Thorn, he would see Messrs Webb and Armstrong, but lie did not think that unemployment funds should be used other than for the promotion of employment.
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Bibliographic details
Waihi Daily Telegraph, Volume XXXVII, Issue 9208, 12 April 1938, Page 3
Word Count
127LATEST MINING NEWS Waihi Daily Telegraph, Volume XXXVII, Issue 9208, 12 April 1938, Page 3
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