TEST CASE
(Press Assn.-
LOAN PAYMENTS legality' qf settlement 5 ■ "1JM: NEW ZEALAND " " " pURRENCY; J / :7; ..southland decision
-By Teleerraph — Convrleht).
Invercargill, Tues0ay. ' TIle Southland Electric Powcr 'Board to-day decided . to undert'ake a "t'eYt CaSC'case ifi the King'sLBeh'ch 'Division; London, to " ascertain wKe^ ther'it could ifiake interest payment ofi its Lofid'on'TO'an dn" New Zealand eurrhncy. In .th'e" event of the ' board "sUcceedin'g, 'it* 'will be'free from the *exp6nse"of th'e preseht exchange rate of '25 per cent. * ' * " " The T'egalitY* of such action. hard been cofi'snle'r'ed by' the' board" previOusly, 'and' it was on the 'req[uest "of the' Minister of* Finance that the decision' to undertake the Case was reached. * ' It is understood that Sir Gerald Hufst, K".C., Will represe'nt the 'board.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/RMPOST19330614.2.27
Bibliographic details
Ngā taipitopito pukapuka
Rotorua Morning Post, Volume 2, Issue 557, 14 June 1933, Page 5
Word count
Tapeke kupu
120TEST CASE Rotorua Morning Post, Volume 2, Issue 557, 14 June 1933, Page 5
Using this item
Te whakamahi i tēnei tūemi
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