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Shannon News, 20 May 1924, Page 3

la a letter to .Mr -Mclntyre, wlvo objected to the methods used to select, a candidate for the Oimim seat, Mr H. Tolley, 'Chairman oj the selection committee, writes to Mr Mclntyre: “As chairman of the meeting, I assure you that the subcommittee took every precaution to see that no ‘underground engineering’ or ‘hole and corner methods’ took place. The meeting was representative of the district, and the whole of the proceedings were absolutely .fair and above, board. Personally, 1 .supported you fit the final ballot, but I myself—and I mu sure -every delegate at tlifat meet ing—wi 11 abide by the pi edge we gave to support the man selected by that meeting. . . . 'When the representatives of the committee waited upon you and gave yon the personnel of tlie committee, you were informed that the names "of -delegates from one or two parts'of the electorate were not then known. The three names add-eld on the night of the. meeting were put on the committee of selection by the unanimous vote of the .meeting.” The New Zealand £5,000,000 loan was over-subscribed four times in London this week, no less than nineteen millions offering up to Wednesday-. Mr Ma-ssey says the money is intended for the purpose of public works and State 'Advances, and is allocated as follows £3,000,000 for public. works and £2,000,000 for advances. The annual yield to investors will he £5 Us Od per cent, per annum, as .-(gainst £1 0s ltd per cent, for the last loan. The annual cost, per . cent, after allowing for expenses will he £4 10s 5d as compared With £| os. ?d last year. These figures d(j> not include provision for redemption.