NEW SOUTH WALES LOAN.
LONDON, January 17. The public have subscribed the whole 51 the New South Wales loan of ;l)U ' SYDNEY. January 17. [he Agent-Guneral has advised the Premier That the cash applications for the >*ew South Wales loan are considerably'in esceii of the £2.000,000 required. The list was closed on Saturday. Appli&am from bondholders to exchange Treasury bills tor the new lissue will be jeenved until January i>3. fhe Premier i lir. Carruthersj exthat the loan, having been so largely applied for. the list had been prematurlv : closed, a= the optima had been riven to holders oJ Treasury bills to be redeemed in March and Juiy to apply for ncimnge. (Received 9.S a.m. i SYDNEY", this day. Mr. Carruthera bays Lhat it must not lie concluded from the success of the reiemption loan, that the difficulty of borrmring on the London market is relieved. ■Jhe success of the ioau was due to the Sire exercised in floating it. Its failure (fcuid have been prejudicial to the State. Therefore it had to be so arranged that >uocess was assured.
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Auckland Star, Volume XXXVI, Issue 15, 18 January 1905, Page 5
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180NEW SOUTH WALES LOAN. Auckland Star, Volume XXXVI, Issue 15, 18 January 1905, Page 5
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