NEW ZEALAND DEBT
PROPORTION HELD IX DOMINION (0.C.) WELLINGTON, this day. By far the larger proportion of the public debt of New Zealand is owing to New Zealanders. This development has been marked for quite ten years, and was accentuated by the conditions made in London for renewal of a loan negotiated by Mr. Nash prior to the war. New Zealand having to undertake to repay the whole amount by January l. 1945. It repaid £2,000.000 in 1940. £3,500.000 in 1941. and a similar sum in 1942. and acocrding to the undertaking will repay £3.500,000 in the two following years. Of the total public debt at March 31 last, £385.397,732, the domicile of the principal was as follows: New Zealand £230.779.869; London, £152.755,563: Australia. £862,300. The annual interest bill for these amounts Is just over £16,250,000.
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Auckland Star, Volume LXXIII, Issue 171, 22 July 1942, Page 3
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136NEW ZEALAND DEBT Auckland Star, Volume LXXIII, Issue 171, 22 July 1942, Page 3
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