THE PUBLIC DEBT.
INCREASE OF NEARLY £19,000,000 ALMOST ALL INTERNAL LOAN. AYELLINGTON, June 27.. Concerning debt transactions for last financial year, the Minister of 1* inanee stated that the total borrowings amounted to £21,615,965, while redemptions and debt repayments out of revenue totalled £2,678,701, resulting in a net increase in the nominal amount of the public debt of £18,937,264. Of this increase, £1,000,000 represents a short-dated sterling loan by the New Zealand trading banks, while Treasury notes amounting to £1,080’,000 were issued to the United Kingdom Government, representing advances under the exports credits scheme. The balance of the net increase—namely, £16,957,264 —was raised in New Zealand.
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Ashburton Guardian, Volume 60, Issue 223, 28 June 1940, Page 3
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106THE PUBLIC DEBT. Ashburton Guardian, Volume 60, Issue 223, 28 June 1940, Page 3
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