CHAIRMAN OF AUCKLAND BOARD LEAVING FOR LONDON
(Press Assn.-
PROPOSALS FOR BONDHOLDERS
— By Telegvaph — Copyrlght).
Auckland, Tuesday. Within two or three weeks the chairman of the Auckland Transport Board, Mr. J. A. C. Allum, will leave for London to discuss with the board's bondholders in London the question of payment of interest in sterling or in New Zealand curre.ncy. After a special meeting to-day Mr. Allum said that many messages had passed between the Hon. J. G. Coates, the London financiers, and the board. The result was that the board had agreed to pay the July instalment of interest in sterling, without prejudice and without recourse, and with the understanding that representatives of the bondholders' would meet the board's chairman as soon as he reached London. Mr. Allum said the board is now considering proposals for submission by him to the English bondholders.
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19330830.2.36.1
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Rotorua Morning Post, Volume 3, Issue 623, 30 August 1933, Page 5
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143CHAIRMAN OF AUCKLAND BOARD LEAVING FOR LONDON Rotorua Morning Post, Volume 3, Issue 623, 30 August 1933, Page 5
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