INTEREST RATES.
,9 tn corroa of thb pbb-ib. StSf-Ui the minds of some there apparfe be confusion of thought as : s%'4ijliweßce between a share and fimiattt, A shareholder in a comjnjNKuifs in the good or ill fortune a debenture holder, /Sltr hand, has no part in its li^4rjsw»—he lends money to the a, given rate of interest rat vary. A state or mumdfe Aks not. issue shares, but it .debentures (bonds or mat a definite rate of mHowever prosperous a state or WWaSty may be this rate of lnterincreased, nor in bad tunes decreased by any state or Wwipdily, which values its reputa|*»3f Uppity. It is a definite contract between lender •jffi Bfrjm action of Australia in re™B"s~a«wfc rates on loans is a Bo lenders, and nothin<rrf«H it a right. Black is black to white, and no amount of expediency will ever make *or wron? right. Let us ■he Government of New Zeamr how the country's head 5 breaking its financial con- • do so would not only be ■ would strike a blow at the aancial honesty, commercial thrift.—Yours, etc., XOT A BONDHOLDER, th, 193!f
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Press, Volume LXVIII, Issue 20491, 9 March 1932, Page 9
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184INTEREST RATES. Press, Volume LXVIII, Issue 20491, 9 March 1932, Page 9
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