COUNTY LOANS.
ANOMALOUS POSITION. PIAKO COUNCIL OBJECTS. (Times Representative.) 'TE AROHA, Monday. “The position is most unfair and I think we should strongly protestJH said Mr \\’. C. Kennedy at to-day's meeting of the Piako County Council when a communication was received from the Audit Department regarding the county's loans interest accounts. Explaining the position the county clerk, Mr F. I. tiiarke, said that when. in the past, a loan interest account was short of funds through the non—payment of special votes, it had been the practice to make up the deficiency by pa)‘nl(‘l‘t‘.s from the general county fund. Later “hen the late payments of tho sprviai notcs were made it was imprrt to pay these back into the gen—orul fund. The nurlil department now iulmi that this procedure could not be alumni. .\ltlmugh the law required Itit‘lll bodies to ihnl any deficiency from liii‘ general fund it would not sanction i‘rt‘uniis-
.\lembcrs generally agreed that, the position was most unfair and it was «lei-Med to lay the position before the «Inunties' .\ssoclallon [or concerted action.
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Bibliographic details
Waikato Times, Volume 119, Issue 19913, 16 June 1936, Page 2
Word Count
175COUNTY LOANS. Waikato Times, Volume 119, Issue 19913, 16 June 1936, Page 2
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