PAYMENT IN STERLING
GOVERNMENT'S VIEW
INTERVIEW WITH BOARD
Members of the Southland Power Board, accompanied by the member for Invereargill (Mr. J. Hargest), had a long interview with the Acting Prime Minister (the Bt. Hon. J. G. Coatea) and Treasury ■ officials this morning. The meeting took place in private, and no statement was issued as to the outcome. It is understood, however, that the deputation was informed that" the view taken, by tho Government was that the board should pay the British bondholders iii sterling, as it was considered that New Zealand. should honour its obligations to the full. Members of the board, it ia believed, were not prepared to give any undertaking without fully considering the position. The meeting was accordingly adjourned just prior to 1.30 o'clock and the members of the board are considering the position this afternoon. It is expected that they will give an answer to Mr. Coates tomorrow morning. Interviewed early this afternoon, Mr. Coates said he was not prepared to make any comment on the position at the moment. There had been. a full and frank discussion of the situation. _^___^^_____ '
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https://paperspast.natlib.govt.nz/newspapers/EP19330825.2.104.2
Bibliographic details
Evening Post, Volume CXVI, Issue 48, 25 August 1933, Page 8
Word Count
186PAYMENT IN STERLING Evening Post, Volume CXVI, Issue 48, 25 August 1933, Page 8
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