Auckland City Corporation and Auckland Transport Board v Alliance Assurance Company Limited - [1937] NZLR 142

Currency — Local Authority issuing Debentures — Moneys secured payable in Auckland or London at Holder's Option — Option to receive Payment in London exercised — Whether Payment in London to be made in English or in New Zealand Currency — Power of Local Authority to pay Difference in Exchange — Local Bodies' Loans Act, 1913, ss 3, 8, 9, 10, 26, 27, 32, 33, 37, 42.