EXCHANGE RATE
tJeress. Assn.—
BANKS' PROPOSALS WELL RECEIVED BY COUNTIES ' FAVOURABLY RECEIVED
-I3y Telegraph — Copyrlght)..
Auckland, Saturday. The Bank of New Zealand's rate relief proposal was favourably received hy county council representatives*, who emphaised the difficulty that was being experienced in collecting rates at present. One official suggested it would greatly help farmers if the Government would arrange for the Highways Board to take over local bodies liabilities for interest and sinking fund on loans raise d in the past for ro&ds which are now main highways. Permaaent Help Wanted The president of the Auckland Farmers' Union, Mr. A. A. Ross, said derating was what they had been agitating for for years. The trouble about the present proposal was that relief would apparently be for one year only, and the farmer wanted permanent help. The waiving of the land tax was a small malter and would help" only' big men. "The next move is with the Government," said Mr. Oliver Nicholson, chairman of the Bank of New Zealand directors, on his return- from Wellington to-day.
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19321128.2.46.2
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Rotorua Morning Post, Volume 2, Issue 391, 28 November 1932, Page 5
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175EXCHANGE RATE Rotorua Morning Post, Volume 2, Issue 391, 28 November 1932, Page 5
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