SOUTHLAND'S DECISION MAKES AN UNFAVOURABLE IMPRESSION
(Press Assn.-
APPEAL TO GOVERNMENT
— By Telegraph — Copyi lght.).
(Rec. 7.50 p.m.) London, Sept. 13. The Financial Times says that the announcement that the Southland bonds will be paid in New Zealand currency is bewildering. Mr. Forbes said that there was a moral -obligation to pay in sterling, therefore it appears to be for the Government to see that the'bondholders are paid what is due. The statement about a test case does not put the matter in a better light as those who lent the money do not wish to have to sue for their rights. The next move seems to be with the New Zealand Government.
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Rotorua Morning Post, Volume 3, Issue 636, 14 September 1933, Page 5
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113SOUTHLAND'S DECISION MAKES AN UNFAVOURABLE IMPRESSION Rotorua Morning Post, Volume 3, Issue 636, 14 September 1933, Page 5
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