FARMERS' UNION BONDHOLDERS
{II miOSA*»-— KIM AESOCUTHMt.) AUCKLAND, 18th January " . Proposals by the Farmers' Union-Trad-ing Company to bondholders and-depos^ " ltors that they agreejto an extension bl-: nve years for repayment, to a reduction of 1 per cent, in interest, and' toTelievo' tne company of the payment; of oncome tax came before a meeting of: horidi holders and depositors to-day. The proposals were carried "by an overwhelminc" majority: ** To meet the abnormal conditions' of" three years ago, the company raised by means of a bond issue at the raW7i" per cent. m the £, the 7£ per cent! being free of income tax, which is 3s ?R 19 6'« banging the total up to S ??%%■?* "F* was wandered prohibitive under the present t*idiii* conditions. ■• *■ *v .»»»<*u^
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https://paperspast.natlib.govt.nz/newspapers/EP19240119.2.118
Bibliographic details
Evening Post, Volume CVII, Issue 16, 19 January 1924, Page 13
Word Count
124FARMERS' UNION BONDHOLDERS Evening Post, Volume CVII, Issue 16, 19 January 1924, Page 13
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