OVERSEAS DEBT
SUM OF £17,000,000 DUE NEXT YEAR. PRELIMINARY ARRANGEMENTS MADE. (By Telegraph—Press Association.) CHRISTCHURCH, June 26. The Government is already making the necessary preliminary arrangements to meet the situation which will arise next financial year when more than £17,000,000 of New Zealand’s debt matures, in London. This was indicated by the Minister of Finance, the Hon W. Nash, in an interview today. The Minister was unable to give any idea of the actual methods to be adopted by the Government to repay, “but we have set the necessary machinery in motion already,” he said, “and have a clear picture in our minds of what will be done to meet our obligations. It is too yet to state definitely what our plans are.” The amount maturing is £17,173,191, and is due between April 1, 1939, and March 31, 1940.
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Wairarapa Times-Age, 27 June 1938, Page 6
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139OVERSEAS DEBT Wairarapa Times-Age, 27 June 1938, Page 6
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