Business Personal
Mr G. L. Edwards, chairman of Airlines of New Zealand, has resigned from the board, according to a Sydney cablegram. Mr J. F. Johnson has replaced Mr Edwards as chairman of the company. Mr R. M. Ansett, chairman and managing director of Ansett Transport Industries, said in Sydney yesterday that but for the perseverance of Mr Edwards in the early stage of the formation of the new airline it would never have become operative. State Borrowing. The Government's net indebtedness to the Reserve Bank rose from £ 62.8 m to £69 7m in April this year, according to the Reserve Bank, At the end of April last year the Government’s net indebtedness to the bank was £67.1m,
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Press, Volume C, Issue 29514, 16 May 1961, Page 19
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118Business Personal Press, Volume C, Issue 29514, 16 May 1961, Page 19
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