SINKING FUND BILL
CONDEMNED BY LOCAL BODY. Iter tress Assoautioiy— Copyright.j GISBORNE, October 31.* Resentment against t.,0 Sinking Fund Bill and! its interference with the litigation that is pending between the Poverty Bay Power Board and the Public Trustee, wr© shown at .to-day's meeting of the Harbour Board, ■ when the following .resolution was carried unanimously:—“This Board protests against the Gtovferamfalat’a arbitrary interference with the legal rights of the Poverty Ecy Electric Power Board, and points,, out that this action is likely to be most damaging to the credit not only of the Public Trustee, but also.of the Government itself.” Mr I. Todd characteriied the RU as being an extraordinary interference with the rights of investors. Dr. Collins stated that as ia- result of developments lie liad been trying to withdraw money from the common fund in ear® legislation was passed to cover private investments as well.
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Hokitika Guardian, 1 November 1932, Page 4
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146SINKING FUND BILL Hokitika Guardian, 1 November 1932, Page 4
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