Investors affected by the collapse of Provincial Finance in June are to get some money back in September.
Receiver John Waller said yesterday there would be some money going back to debenture-holders towards the end of the month but how much was uncertain.
"Over time we are hopeful of gettinginvestors back most of, if not all, of their money but the caveat to that is how good is the underlying book in terms of what we can recover," he told the Southland Times.
He said an aggressive approach was being taken to recover loan debts that were in arrears.
In June, Perpetual Trust announced it had placed Provincial in receivership, with the move seen as the best way to protect the interests of debenture stock holders, who had invested $300 million.
A draft unaudited statement of financial performance shows Provincial had a net loss before taxation of about $54 million for the year to March.
