London, February 5, Tenders for the South Australian $y 2 per cent loan 0^1,317,800 at par were opened to-day. It proved to be a failure, only .£553,700 being subscribed. The average was ;£xoo 4s sd. The balance will be left open at par. Syndicates refrained from taking up any part of the loao.
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Ashburton Guardian, Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889
A FAILURE. Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889
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