IS THE COUNTY BANKRUPT?
POSITION AT WHANGAREI. (By Telegraph.—rress Aesocl&tion.l : Whangarei, September If. The County Council have been nskeJ to sign a joint and several guarantee to provide for .CliTl in excess of the over» draft limit at the Bonk of Xew Zealand, Pour councillors signed, two refused to .sign, and tliroo declined to say whether Ihey would sign now, Pome .MOOO is required to carry on till a rate is struck, hut members refused to sign for tliafc amount unless tlio council wore unaiu. mous. Ono councillor refused uecause tha meeting was open to the press, and so the bond was not entered uuo. As no funds arc available wherewith to pay for getting the rate books compiled it is impossible to receive any revenue. The bank will not honour any more cheques, and so the county is practically bank, rupt. ________
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Dominion, Volume 5, Issue 1550, 20 September 1912, Page 4
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142IS THE COUNTY BANKRUPT? Dominion, Volume 5, Issue 1550, 20 September 1912, Page 4
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