LONDON INTEREST
PAYMENT TO BONDHOLDERS. SOUTHLAND BOARD’S LOAN. (Per Press Association Copyright.) WELLINGTON, August 28. /Members_ of the Southland Power Board who since . Friday have been negotiating with the a coing-Prime ■Minister (Mr Contes)' regarding their decision to pay British bondholders’ interest in New Zealand 'currency, completed their discussion this afternoon. The position appears; to be ; almost one of stalemate as the Government adheres to its attitude that payments should be in steading. However, as the Southland Board’s Joan of £570,000 ■boa% interest at 6 per cent, the Bon'd considers it has a strong moral claim for .consideration by its creditors. • The Government while not withdrawing its own attitude, has agreed to make certain representations by cable on behalf of .the Southland Power Board, through the ‘High Commissioner's office.
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Hokitika Guardian, 30 August 1933, Page 5
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129LONDON INTEREST Hokitika Guardian, 30 August 1933, Page 5
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