PAYMENT ON LOAN.
NEW ZEALAND'CURRENCY.
RESENTMENT IN LONDON.
AUCKLAND TRAMWAY ISSUE,
United Press Assn. —Elec. TcL Copyright (Received July. 1, 12.30 p.m.)
LONDON, June 30
The Daily Telegraph says the Auckland City Council’s instructions to pay the interest due on July 1 on the Tramway Loan in New Zealand currency has created an unfavourable impression in the City. No such instruction has been received for the July payments of other Auckland loans. 'Resenltful holders are likely to protest to the Council. i&LLLCiIB COMMENT IN AUCKLAND. COMPLYING WITH LAW. (By Telegraph.—Press Association.) AUCKLAND, Saturday. The chairman of the Auckland Transport Board, Mr J. A. C. Allum, in a statement commenting on to-day’s London cable regarding the July interest payments, said the board was merely complying with the requirements of the law. He declared that if the payment were made in sterling the members of the City Council and Transport Board would be personally liable for the difference.
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Bibliographic details
Waikato Times, Volume 114, Issue 18986, 1 July 1933, Page 8
Word Count
156PAYMENT ON LOAN. Waikato Times, Volume 114, Issue 18986, 1 July 1933, Page 8
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