A SAFEGUARD.
Mr:"MorrißOii: said that he'did " not think'it'would do to make a hard and fast1 rule not to borrow .any' more. I<ocal body, borrowing was' safeguarded b;-.the Loans Board, and if wo had had that board .thirty years ago we Would have been spared useless expenditure. All the local bodies : had- been; guilty, but he thought that the cities had been more guilty than the rural districts.
After further. discussion, the meeting referred the matter back to the Otago delegates to redraft the remit.
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https://paperspast.natlib.govt.nz/newspapers/EP19320204.2.117
Bibliographic details
Evening Post, Volume CXIII, Issue 29, 4 February 1932, Page 13
Word Count
84A SAFEGUARD. Evening Post, Volume CXIII, Issue 29, 4 February 1932, Page 13
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