PREMIUM BONDS
(Press. Assn.-
NOYEL FINANCE SCHEME PROPOSED IN HAMILTON FUNDS FOR UNEMPLOYMENT
-By Telegranh — Copyright) .
HAMILTON, Thursday. A novel sclieme for financing unemployment relief, hospital work and charitable aid was discussed at the Rural Cotmty Conferenee in Hamilton to-day, and was unanimously approved. It was resolved that the Minister of Finance (the Hon. W. Downie Stewart) be urged to investigate immediately the feasibility -of raising an ihternal loan hy the issue of prernium
bonds bearing interest at no more than 2| per cent. It was ppinted out that prernium bonds operated very successfully in several Continental countries. The gamhling spirit was led in the right direction, hOcause the investors did not chance the Ioss of their1 money. It was an honest way to gct cheap money and was mueh better than. gamhling.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19320415.2.15
Bibliographic details
Rotorua Morning Post, Volume 1, Issue 199, 15 April 1932, Page 4
Word Count
133PREMIUM BONDS Rotorua Morning Post, Volume 1, Issue 199, 15 April 1932, Page 4
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in