MONEY AT EASY CALL
MINISTER’S ASSURANCE PURPOSE OF GENERAL FUND Press Association WANGANUI, To da}’. Referring to a statement in a Press telegram from Westport in the morning papers to the effect that the Central Relief Committee had put its money into the general fund so that it may be put out at interest, Mr. H. E. Holland, M.P., said it was deplorable that the machinery of the Press Association should be used to propagate an erroneous idea, and one that could only have the effect of interfering with the work of raising relief funds. It was wholly untrue to say that the purpose of the general fund was to put money out at interest. The Prime Minister, in reply to a question from Mr. Holland, had made it clear that, while money in the fund would earn interest, the principal would be at call and would not be tied up in any way.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290722.2.82
Bibliographic details
Sun (Auckland), Volume III, Issue 721, 22 July 1929, Page 9
Word Count
154MONEY AT EASY CALL Sun (Auckland), Volume III, Issue 721, 22 July 1929, Page 9
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